{
 "ticker": "BTCC",
 "name": "Grayscale Bitcoin Covered Call ETF",
 "issuer": "Grayscale",
 "desk": "income",
 "url": "https://etfiq.com/funds/btcc",
 "html": "https://etfiq.com/funds/btcc",
 "markdown": "https://etfiq.com/funds/btcc.md",
 "as_of": "2026-09-18",
 "verdict": "Over the year to Sep 18, 2026, BTCC paid 29.0% in cash and still finished 1.4 points behind IBIT.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "29.0%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "BTCC, cash paid, 1 year, on its starting price: 29.0%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "\u221232.5%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "BTCC, total return, 1 year: \u221232.5%, as of Sep 18, 2026."
  },
  {
   "key": "against_ibit",
   "label": "Against IBIT",
   "value": "\u22121.4 pts",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "BTCC, against IBIT: \u22121.4 pts, as of Sep 18, 2026."
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "20.2%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "BTCC, latest payout, annualized: 20.2%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$13m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-09-18",
   "sentence": "BTCC, net assets: $13m (SEC filing, whole fund, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.65%",
   "source": "485BPOS XBRL, Apr 30, 2026",
   "as_of": "2026-09-18",
   "sentence": "BTCC, expense ratio: 0.65% (485BPOS XBRL, Apr 30, 2026)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Bitcoin (IBIT) (proxy)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$13m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "20.2%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.65%",
   "source": "485BPOS XBRL, Apr 30, 2026"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "70.8%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Apr 2, 2025",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "10.4%",
   "Price": "+1.4%",
   "Total return": "+12.8%",
   "IBIT": "+29.2%",
   "Ahead or behind": "\u221216.4 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "20.2%",
   "Price": "\u221216.7%",
   "Total return": "+4.3%",
   "IBIT": "+15.7%",
   "Ahead or behind": "\u221211.4 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "29.0%",
   "Price": "\u221259.1%",
   "Total return": "\u221232.5%",
   "IBIT": "\u221231.1%",
   "Ahead or behind": "\u22121.4 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "53.5%",
   "Price": "\u221261.5%",
   "Total return": "\u221217.7%",
   "IBIT": "\u22126.9%",
   "Ahead or behind": "\u221210.8 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has BTCC paid over the last year?",
   "a": "Over the year to Sep 18, 2026, BTCC paid 29.0% of its starting price in cash distributions, while the price fell 59.1%."
  },
  {
   "q": "Is BTCC ahead of IBIT?",
   "a": "Over the year to Sep 18, 2026, with every distribution reinvested, BTCC returned \u221232.5% against \u221231.1% for Bitcoin (IBIT), so a holder was behind it by 1.4 points."
  },
  {
   "q": "How often does BTCC pay, and how much?",
   "a": "BTCC pays monthly. The latest distribution annualizes to 20.2% at its price on Sep 18, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "What does BTCC cost?",
   "a": "The prospectus expense ratio is 0.65% a year."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}