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BCCCGlobal X Bitcoin Covered Call ETF

Get income1y track recordRanked #1,372 of 1,622 in this goal

Seeks current income while providing exposure to the price return of Bitcoin ETPs.

By Global X Funds · Launched 2025

Annual Cost

0.75%

#3,765 of 5,562 · expensive

Fund Size

$9M

#4,782 of 5,562 · small

Dividend YieldGoal

Track Record

1 year

#4,426 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$7,039-29.6%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 4 holdings = 27.0% of fundwell diversified

VanEck Bitcoin
19.9%
MBTXW US 11/21/25 C20008X25C Y 200 US Index
7.7%
MBTXW US 11/21/25 P20008X25P Y 200 US Index
-0.1%
4MBTX 11/07/25 C259.48
-0.5%

Asset allocation

Other
99.7%
Cash
0.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
35.2%High

Year-on-year price swings

Max drawdown
-42.1%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks current income while providing exposure to the price return of Bitcoin ETPs.
Strategy
Utilizes a synthetic covered call strategy to generate income and gain exposure to Bitcoin ETPs. Invests primarily in options contracts referencing Bitcoin ETPs and may include cash equivalents and U.S. Treasury securities.
Inception date
June 3, 2025
Fund family
Global X Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19