# BTCC (Grayscale Bitcoin Covered Call ETF)

Grayscale · Income ETFs · data as of Sep 18, 2026

Over the year to Sep 18, 2026, BTCC paid 29.0% in cash and still finished 1.4 points behind IBIT.

## Key facts

- BTCC, cash paid, 1 year, on its starting price: 29.0%, as of Sep 18, 2026.
- BTCC, total return, 1 year: −32.5%, as of Sep 18, 2026.
- BTCC, against IBIT: −1.4 pts, as of Sep 18, 2026.
- BTCC, latest payout, annualized: 20.2%, as of Sep 18, 2026.
- BTCC, net assets: $13m (SEC filing, whole fund, as filed for Jun 30, 2026).
- BTCC, expense ratio: 0.65% (485BPOS XBRL, Apr 30, 2026).

## BTCC over each window to Sep 18, 2026

| Window | Cash paid | Price | Total return | IBIT | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 10.4% | +1.4% | +12.8% | +29.2% | −16.4 pts |
| 6 months | 20.2% | −16.7% | +4.3% | +15.7% | −11.4 pts |
| 1 year | 29.0% | −59.1% | −32.5% | −31.1% | −1.4 pts |
| Since launch | 53.5% | −61.5% | −17.7% | −6.9% | −10.8 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | covered call | ETFIQ |
| Benchmark | Bitcoin (IBIT) (proxy) | ETFIQ |
| Pays | monthly | ETFIQ |
| Net assets | $13m | SEC filing, whole fund, as filed for Jun 30, 2026 |
| Latest payout, annualized | 20.2% | ETFIQ |
| Expense ratio | 0.65% | 485BPOS XBRL, Apr 30, 2026 |
| Cash paid, last 12 months, over today’s price | 70.8% | ETFIQ |
| Launched | Apr 2, 2025 | ETFIQ |

## Questions

### How much has BTCC paid over the last year?

Over the year to Sep 18, 2026, BTCC paid 29.0% of its starting price in cash distributions, while the price fell 59.1%.

### Is BTCC ahead of IBIT?

Over the year to Sep 18, 2026, with every distribution reinvested, BTCC returned −32.5% against −31.1% for Bitcoin (IBIT), so a holder was behind it by 1.4 points.

### How often does BTCC pay, and how much?

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.

### What does BTCC cost?

The prospectus expense ratio is 0.65% a year.


## Cite this page

ETFIQ, BTCC, data as of Sep 18, 2026. https://etfiq.com/funds/btcc
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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