BTCC ETF — Grayscale Bitcoin Covered Call ETF

Grayscale Bitcoin Covered Call ETF (BTCC)

Updated October 12, 2026.

BTCC is an ETF linked to Bitcoin. its distribution rate is 50.13%, its trailing-12-month yield is 66.75%, its expense ratio is 0.65%. Dividend Vision Distribution Safety Score™ is 6/100 (High risk). Total return is -16.9% over the past 1.5 years, 11.7 points behind IBIT at -5.2%.

BTCC performance versus IBIT

Price and return data through 2026-10-12.

Total return is -16.9% over the past 1.5 years, 11.7 points behind IBIT at -5.2%. Over the past year its total return — price change plus distributions reinvested — is -27.8%. Its deepest 1-year drawdown was 40.7%.

BTCC key facts

Distribution Safety Score™

6 · High risk

Safety-Adjusted Yield

3.01%

Issuer

Grayscale Investments

Asset type

ETF

Asset class

Equity

Inception date

04/02/2025

Expense ratio

0.65%

Distribution rate

50.13%

Distribution frequency

Biweekly

Trailing yield

66.75%

Last close

$13.47 (stale; as of 2026-10-12)

AUM

$16,631,371

Average volume

2553.0

Dividend

$0.25969

Ex-dividend date

09/29/2026

Payment date

09/30/2026

Beta

1.4473

How Dividend Vision calculates yield and returns

Distribution rate (50.13%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (66.75%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Grayscale Investments or company page; Index: Bitcoin; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BTCC risks and drawbacks

Total return has trailed IBIT over the available window. The deepest 1-year drawdown on record here is 40.7%.

Who may consider BTCC — and who may not

It is a weaker fit for investors whose main goal is matching IBIT total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Grayscale Investments.