BTCC – Grayscale Bitcoin High Income ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide high income; the secondary objective is to participate in the returns of Bitcoin through the use of options on Bitcoin exchange-traded products whose investment objectives are to, before fees and expenses, track the price performance of Bitcoin. Under normal circumstances, the fund will invest at least 80% of its net assets (including investment borrowings) in options contracts that utilize a Bitcoin ETP as the reference asset. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BTCC	Grayscale Bitcoin High Income ETF	ETF	Open	—	—	Apr 1, 2025	$16.98M	0.650%	—	—	−$6.17M

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