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Global X
A spot cryptocurrency fund, for 0.65% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Crypto price exposure. Returns are driven mainly by the crypto asset or reference index the fund tracks, with product structure affecting how closely it follows spot moves.
| Fee | 0.65% per year | costs↓ |
| Currency | USD | facts↓ |
| Wrapper | Covered call / options | holdings↓ |
Holds bitcoin through a US fund and writes covered calls on it. The option income caps part of the upside. Crypto prices are highly volatile.
How this fund works
Holds the underlying investments and writes covered calls on part of the position. The option premiums add to distributions and cap part of the upside.
Source: fund provider disclosure.
The management fee was 0.65% a year, or about $65 for every $10,000 held. The options overlay is run inside the fund, so there is no separate fee, though it changes the return and distribution profile. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
How durable the fund is, and what moved its price.
| Assets | $20M· net assets |
| Leverage / overlay | Options overlay |
What moved the price
| Ticker | BCCC.U.NE |
| Exchange | Cboe Canada |
| Currency | USD |
| FX strategy | USD |
| Asset class | Cryptocurrency |
| Structure | Covered call / options |
| Theme | Bitcoin |
| Provider | Global X |
| Mgmt fee | 0.65% |
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Prices as of last close.
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