Key stats
About Fortuna Hedged Bitcoin Fund
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Inception date
Mar 19, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fortuna Funds LLC
Distributor
Foreside Fund Services LLC
ISIN
US53656G2333
HBTC invests in Bitcoin-related securities with an options overlay to reduce downside risk. The fund does not directly invest in Bitcoin but invests in standardized, cash-settled BTC futures traded on the CME. The actively managed fund invests in options to create synthetic long exposure, allowing it to participate in price changes of the underlying securities. This involves purchasing a put below the current BTC price and selling a call spread above market price, offsetting costs without capping the upside potential. This limits participation in potential gains when the price of BTC goes up. The fund writes call options with 1- to 6-month terms and strike prices equal to the price at the time of purchase. HBTC typically invests in front-month contracts, rolling to the next closest expiration date. The fund invests in futures through a wholly owned Cayman Islands subsidiary. HBTC may also pursue covered calls on BTC futures contracts and similar ETFs.
Related funds
Classification
Symbol
Geography
Global
What's in the fund
Exposure type
Mutual fund
Cash
Bonds, Cash & Other100.00%
Mutual fund56.20%
Cash36.25%
Rights & Warrants7.55%
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
HBTC assets under management is 879.68 K USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
HBTC invests in funds. See more details in our Analysis section.
HBTC expense ratio is 1.75%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, HBTC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, HBTC doesn't pay dividends to its holders.
HBTC shares are issued by Fortuna Funds LLC
HBTC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 19, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.