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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.
Classification
Symbol
Geography
Global
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Mutual fund
Cash
Bonds, Cash & Other100.00%
Mutual fund57.43%
Cash43.51%
Rights & Warrants−0.95%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
No, HBTC doesn't pay dividends to its holders.
HBTC shares are issued by Fortuna Funds LLC under the brand Fortuna. The ETF was launched on Mar 19, 2025, and its management style is Active.
HBTC expense ratio is 1.75% meaning you'd have to pay 1.75% of your investment to help manage the fund.
HBTC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HBTC invests in funds.