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BTCC vs BITO

Grayscale Bitcoin Covered Call ETF vs ProShares Bitcoin ETF

BTCC

Grayscale Bitcoin Covered Call ETF

Grayscale

Annual cost

0.65%

Fund size

$17M

BITO

ProShares Bitcoin ETF

ProShares

Annual cost

0.95%

Fund size

$1.9B

Key differences

  • BTCC costs 0.30% less per year.
  • BITO is significantly larger than BTCC — larger funds tend to be more liquid and less likely to close.
  • BTCC is classified as alternative, while BITO is cryptocurrency — different risk/return profiles.

Side-by-side comparison

BTCCBITO
Annual cost (TER)0.65%0.95%
Fund size (AUM)$17M$1.9B
Since20252021
Dividend yield83.34%71.92%
Asset classalternativecryptocurrency
Regionnorth america
Strategyoption income
CAGR 1Y-23.3%-34.1%
CAGR 3YN/A+31.6%
CAGR 5YN/AN/A
Sharpe 3YN/A0.73
Volatility 1Y32.12%43.11%
Max drawdown-44.40%-77.86%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to BTCC and BITO