BTCC vs. GFOF

Last updated Aug 4, 2026

BTCC (Grayscale Bitcoin Covered Call ETF) and GFOF (Grayscale Future of Finance ETF) are both exchange-traded funds - BTCC is a Cryptocurrency fund actively managed by Grayscale, while GFOF is a Blockchain fund tracking the Bloomberg Grayscale Future of Finance Index. BTCC is actively managed, while GFOF is passively managed. BTCC charges 0.66%/yr vs 0.70%/yr for GFOF.

Performance

BTCC vs. GFOF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Bitcoin Covered Call ETF (BTCC) and Grayscale Future of Finance ETF (GFOF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BTCC

• 1D: -0.34%
• 1M: 5.11%
• 6M: -11.21%
• YTD: -20.22%
• 1Y: -35.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -19.41%

GFOF

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BTCC Grayscale Bitcoin Covered Call ETF	$242.21K	$239.26K	$255.92K

BTCC vs. GFOF - Yearly Performance Comparison

	2026 (YTD)	2025
BTCC Grayscale Bitcoin Covered Call ETF	-20.22%	-6.05%
GFOF Grayscale Future of Finance ETF	0.00%	0.00%

Return for Risk

BTCC vs. GFOF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BTCC

BTCC Risk / Return Rank: 2
BTCC Sharpe Ratio Rank: 1
BTCC Sortino Ratio Rank: 2
BTCC Omega Ratio Rank: 2
BTCC Calmar Ratio Rank: 3
BTCC Martin Ratio Rank: 2

GFOF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BTCC vs. GFOF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Covered Call ETF (BTCC) and Grayscale Future of Finance ETF (GFOF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BTCC	GFOF	Difference
Sharpe ratio: Return per unit of total volatility	-1.04	—	—
Sortino ratio: Return per unit of downside risk	-1.40	—	—
Omega ratio: Gain probability vs. loss probability	0.82	—	—
Calmar ratio: Return relative to maximum drawdown	-0.81	—	—
Martin ratio: Return relative to average drawdown	-1.27	—	—

Drawdowns

Drawdown Indicators

	BTCC	GFOF	Difference
Max Drawdown Largest peak-to-trough decline	-44.40%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-44.40%	—	—
Current Drawdown Current decline from peak	-38.98%	—	—
Average Drawdown Average peak-to-trough decline	-18.58%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	28.12%	—	—

Volatility

Volatility by Period

	BTCC	GFOF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	34.35%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.30%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.30%	—	—

BTCC vs. GFOF - Expense Ratio Comparison

BTCC has a 0.66% expense ratio, which is lower than GFOF's 0.70% expense ratio.

Dividends

BTCC vs. GFOF - Dividend Comparison

BTCC's dividend yield for the trailing twelve months is around 90.87%, while GFOF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BTCC Grayscale Bitcoin Covered Call ETF	90.87%	63.86%	0.00%	0.00%
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	2.55%	4.08%

Frequently Asked Questions

Which ETF is better, BTCC or GFOF?

On fees, BTCC is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTCC or GFOF?

BTCC is cheaper with a 0.66% expense ratio, compared with 0.70% for GFOF.

Which ETF pays a higher dividend yield, BTCC or GFOF?

BTCC has the higher dividend yield at 90.87%, compared with 0.00% for GFOF.

What is the main difference between BTCC and GFOF?

BTCC is categorized as Cryptocurrency, while GFOF is Blockchain. Their fees differ too: 0.66% for BTCC and 0.70% for GFOF.