AboutBCCL seeks to provide, to the extent possible and net of expenses: (a) exposure to the performance of bitcoin; and (b) high distributions of call option premiums, at least monthly. To mitigate downside risk and generate premiums, BCCL will be exposed to a dynamic covered call option writing program. BCCL also employs leverage (not to exceed the limits on use of leverage described under "Investment Strategies" in the ETF's prospectus) through cash borrowing and generally endeavours to maintain a leverage ratio of approximately 125%.
