C-Corps can carry forward and carry back capital losses and are not required to distribute long-term capital gains to investors. This may result in a deferral of tax and allow investors to keep more money continually invested in the fund.Investors in Bitcoin futures ETFs structured as a C-Corp may receive 16% more vs. RIC-structured ETFs in after-tax return in years when Bitcoin is up.VanEck Bitcoin Strategy ETF (XBTF) is structured as a C-Corp, which may offer long-term investors better after-tax returns compared to Bitcoin funds structured as RICs.