Global X Bitcoin Covered Call ETF

Frequently Asked Questions About BCCC

What does BCCC invest in?

The fund seeks to achieve its investment objective by utilizing a synthetic covered call strategy that is designed to provide current income and exposure to the share price returns of one or more Bitcoin ETPs. The fund will invest at least 80% of its net assets, plus the amount of borrowings for investment purposes, in assets providing direct or indirect exposure to bitcoin. The fund is non-diversified.

What is the expense ratio of BCCC?

Global X Bitcoin Covered Call ETF (BCCC) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

What is BCCC's distribution yield?

BCCC's trailing-twelve-month yield is 43.15%, calculated from the sum of distributions over the past year divided by the current price. A rate this high reflects large option-premium distributions against a NAV that has declined over the same period. Part of each payout may be return of capital rather than earned income.

How does BCCC's covered-call strategy work?

BCCC sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is BCCC?

Global X Bitcoin Covered Call ETF (BCCC) manages $9.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is BCCC actively managed or an index fund?

BCCC's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.