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Global X Funds Global X Bitcoin Covered Call ETF (BCCC)
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Upturn Advisory Summary
09/16/2025: BCCC (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -6.57% | Avg. Invested days 11 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/16/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 24.04 - 25.70 | Updated Date - |
52 Weeks Range 24.04 - 25.70 | Updated Date - |
Upturn AI SWOT
Global X Funds Global X Bitcoin Covered Call ETF
ETF Overview
Overview
The Global X Bitcoin Covered Call ETF (BITC) seeks to generate income by writing covered call options on Bitcoin, offering investors exposure to Bitcoin with potential for enhanced yield. It focuses on providing monthly income while participating in Bitcoin's price movements.
Reputation and Reliability
Global X ETFs is a well-established ETF provider known for its innovative thematic and income-oriented ETFs.
Management Expertise
Global X has a dedicated team with experience in structuring and managing covered call strategies and cryptocurrency-related investments.
Investment Objective
Goal
To generate income from Bitcoin through a covered call strategy.
Investment Approach and Strategy
Strategy: The ETF uses a covered call strategy, selling call options on Bitcoin to generate income. The strategy aims to balance income generation with participation in Bitcoin's price appreciation.
Composition The ETF primarily holds Bitcoin and sells covered call options on those holdings. It may also hold cash or other short-term investments.
Market Position
Market Share: Insufficient data available to accurately assess BITC's market share.
Total Net Assets (AUM): 75410000
Competitors
Key Competitors
- YieldMax TSLA Option Income Strategy ETF (TSLY)
- Roundhill Bitcoin Covered Call Strategy ETF (YBTC)
Competitive Landscape
The covered call ETF market for Bitcoin is relatively new and competitive. BITC competes with other ETFs offering similar covered call strategies on crypto assets. Its advantages include Global X's reputation and focused approach on Bitcoin. Disadvantages could include lower returns in rapidly rising Bitcoin markets due to capped upside from the covered call strategy.
Financial Performance
Historical Performance: Historical performance data is readily available via financial data providers, but not directly represented here.
Benchmark Comparison: The ETF's performance should be compared to the performance of Bitcoin and relevant covered call indexes.
Expense Ratio: 0.65
Liquidity
Average Trading Volume
BITC has reasonable liquidity with an average trading volume that allows investors to enter and exit positions efficiently.
Bid-Ask Spread
The bid-ask spread is generally tight, indicating low transaction costs.
Market Dynamics
Market Environment Factors
Bitcoin's price volatility, regulatory developments, and broader cryptocurrency market sentiment significantly impact BITC's performance. The demand for income-generating strategies in a low-yield environment also affects demand.
Growth Trajectory
The ETF's growth depends on the increasing adoption of Bitcoin and the demand for covered call strategies. Changes to the option writing strategy or Bitcoin holdings would also affect the trajectory.
Moat and Competitive Advantages
Competitive Edge
BITC's advantage lies in its specialization in Bitcoin covered call strategies, offering a targeted approach for income-seeking investors. It provides exposure to Bitcoin without the need to directly hold the cryptocurrency. Global X's established reputation adds credibility, and the transparent strategy simplifies understanding for investors. The focus on monthly income can be particularly attractive.
Risk Analysis
Volatility
BITC experiences high volatility due to the inherent volatility of Bitcoin. The covered call strategy can reduce volatility but not eliminate it.
Market Risk
Market risk includes the risk of Bitcoin price declines, regulatory changes impacting Bitcoin, and counterparty risk associated with option contracts.
Investor Profile
Ideal Investor Profile
The ideal investor is income-seeking, has a moderate to high risk tolerance, and is comfortable with Bitcoin's volatility. It may also be suitable for investors who want Bitcoin exposure with reduced volatility compared to directly holding Bitcoin.
Market Risk
BITC may be suitable for active traders seeking income or long-term investors with a bullish view on Bitcoin but want to mitigate volatility.
Summary
Global X Bitcoin Covered Call ETF (BITC) offers investors a unique approach to gaining exposure to Bitcoin while generating income through a covered call strategy. It is suitable for investors with a moderate to high risk tolerance who want to earn monthly income from Bitcoin holdings. While the ETF provides some downside protection through the option premium, the capped upside due to the covered call structure may be a disadvantage during periods of rapid Bitcoin price appreciation. Given Bitcoin's volatility, investors should carefully consider their risk appetite before investing.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Global X ETFs Website
- ETF.com
- Yahoo Finance
Disclaimers:
The data provided is for informational purposes only and does not constitute investment advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market share data and historical performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Global X Funds Global X Bitcoin Covered Call ETF
Exchange NYSE | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.