HBTC Listed Funds Trust - Fortuna Hedged Bitcoin ETF
Quote as of Oct 23, 2026 13:46 UTC · Quotes are refreshed hourly from the data provider, so during market hours a price can be up to about 1–2 hours old; each quote shows its own timestamp.
| Previous Close | 21.20 | Day Range | 21.20 – 21.93 |
| 52-Week Range | 17.19 – 31.16 | Volume | 106 |
| Avg Volume | 191 | AUM | $845.7K (Oct 26, 2026) |
| Expense Ratio | 1.97% | Yield (TTM) | 7.51% |
| NAV | 21.14 | Premium/Discount | +0.27% indicative |
| Inception | Mar 18, 2025 | Holdings | 7 |
| Issuer | Fortuna Funds | Exchange | CBOE |
| Category | Bitcoin | Index Tracked | Not stated in source data |
| CUSIP | 53656G233 | ISIN | US53656G2333 |
| Structure | Currency Hedged | ||
| Management | Actively managed (per issuer description) | ||
About this ETF
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. Prior to January 21, 2026, the fund traded under the name Fortuna Hedged Bitcoin Fund.
Description from the fund data provider · profile as of Oct 26, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -4.43% | +16.93% | +1.49% | -7.53% | -29.61% | — | — | — | -10.05% |
| Total return | -4.43% | +16.93% | +1.49% | -7.53% | -24.96% | — | — | — | -6.37% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 23, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 1.97% | Annual cost of a $10,000 investment | $197.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings list retrieved Oct 23, 2026 · The data provider's latest disclosed portfolio for this fund. Issuers publish holdings daily or monthly, so the portfolio date can be earlier; holdings are not live positions. 7 holdings stored.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Cash & Other | — | 57.21% | 485.06K | $485.1K |
| 2 | First American Treasury Obligations Fund… | — | 44.96% | 381.18K | $381.2K |
| 3 | IBIT 12/31/2026 47.6 C | — | 5.71% | 185 | $48.4K |
| 4 | IBIT 10/30/2026 43.1 P | — | 0.41% | 185 | $3.5K |
| 5 | IBIT 10/30/2026 51.25 C | — | 0.09% | 185 | $763.81 |
| 6 | IBIT 10/30/2026 49.4 C | — | -0.27% | -185 | -$2.3K |
| 7 | IBIT 12/31/2026 47.6 P | — | -8.10% | -185 | -$68.7K |
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Distributions
| Yield (TTM) | 7.51% | Paid (last 12 months) | $1.5910 |
| Frequency | Irregular | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Dec 17, 2025 | Last payment | $1.5910 (Dec 18, 2025) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Dec 17, 2025 | Dec 17, 2025 | Dec 18, 2025 | $1.5910 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 29.78% / — | Sharpe 1Y / 3Y | -0.981 / — |
| Max drawdown 1Y / 3Y | -40.57% / — | Sortino 1Y | -1.44 |
| Beta vs S&P 500 (3Y) | 0.686 | Correlation vs S&P 500 (1Y) | 0.428 |
| Downside deviation 1Y | 20.34% | Risk-free rate used | 4.04% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 26, 2026. Formulas →
Liquidity
| Volume today | 106 | Average volume | 191 |
| AUM | $845.7K | Premium/Discount | +0.27% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Week | $912.00 | +0.11% | $852.0K → $845.7K |
| 1 Month | -$2.7K | -0.31% | $883.8K → $845.7K |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for HBTC
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.