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BLOX

This fund does not currently behave like the group it was assigned to, so its grouping is being re-reviewed. Grading pauses until the review resolves, because a letter measured against the wrong peer group would be a statement about the wrong funds.New York Stock Exchange Arca

Nicholas Crypto Income ETF

Nicholasx · Inception 2025-06-16 · SEC filings

$14.72−0.45 (−2.93%)

As of Sep 23, 2026, 3:09 PM EDT

History starts Jun 17, 2025.
Intraday session: down, 61 prints from 15.17 to 14.72. Range 14.67 to 15.03. Use the arrow keys to read each point.$14.80$14.90$15.0010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$314M
1Y return
−8.7%
Yield · Last 12 months
41.15%
Volume · 30D
0.4M sh
NAV per share
$14.36
52W range
low $11.93high $28.00

Our read on BLOX

ETF.net Research

Most bitcoin derivative funds pick one lane: leverage, shorting, or a futures wrapper. BLOX buys the crypto industry's stocks and funds instead, then writes options against them for monthly income while keeping some upside in play.

Stated mandate

The Fund seeks capital appreciation as its primary objective and current income as its secondary objective. It is actively managed and uses crypto-industry equities, related options, underlying crypto funds, and options strategies intended to generate income while retaining some upside potential.

Why people hold it

  1. 01Actively managed across crypto-industry equities, underlying crypto funds and options, so the manager can shift the mix rather than ride a single futures curve.
  2. 02Income is written into the mandate, not bolted on: options premium feeds monthly distributions, with capital appreciation still the stated primary objective.
  3. 03Built as a 1940 Act registered fund holding equities and options, the same rulebook as a plain vanilla stock ETF rather than a commodity trust structure.

Worth knowing

  1. 01Launched in 2025, so the record is short and risk measures rest on roughly a single year of trading.
  2. 02At 0.99% a year, it sits at the pricier end of the bitcoin-derivatives shelf, which is the cost of an active options overlay.
  3. 03Crypto-industry stocks plus written options do not move like bitcoin itself, and selling options trades away part of a sharp rally for premium today.

BLOX Holdings

As of Sep 20, 2026, 9:02 AM
Asset class
Other
Holdings
Top-10 weight
78%
Largest holding
FBTC19.8%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001FBTCFidelity Wise Origin Bitcoin Fund19.75%877,937$58M3
002ETHAiShares Ethereum Trust ETF10.14%1,624,116$30M7
003NGHTNicholas Bitcoin and Treasuries AfterDark ETF7.45%1,027,074$22M1
004CIFRCipher Digital Inc6.39%1,114,791$19M111
005IRENIREN Ltd6.35%432,038$19M95
006RIOTRiot Platforms Inc6.30%851,288$19M118
007HUTHUT 8 CORP5.46%177,456$16M106
008BHDGNicholas Bitcoin Tail ETF5.44%704,205$16M1
009TSMTaiwan Semiconductor Manufacturing Co Ltd5.27%36,197$16M268
010NVDANVIDIA Corp5.26%70,883$16M828
011GLXYGalaxy Digital Inc4.61%611,924$14M105
012FIGRFigure Technology Solutions Inc3.04%266,333$9M83
013APLDApplied Digital Corp2.82%316,366$8M104
014WULFTerawulf Inc2.59%465,209$8M102
015HOODRobinhood Markets Inc2.00%53,883$6M331

Showing 1–15 of 42 holdings

BLOX Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

BLOX$9,127
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. BLOX $9,127. SPY $11,723. Use the arrow keys to read each point.$5,741$8,974$12,208Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BLOX. Periods over one year show the average yearly return.
PeriodBLOX
Year to date+12.9%
1 month+14.2%
3 months−3.3%
1 year−8.7%
3 yearsFund is under 3 years oldper year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BLOX
YearReturn barBLOX
2026 YTD+12.9%
2025+9.3%

History from Jun 17, 2025

BLOX in the news

ETF.net Research hasn’t filed on BLOX yet — coverage lands here as it’s written.

BLOX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
41.15%Last 12 months
Payout per share
$6.24Last 12 months
Last payment
$0.09 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Weekly

Distribution history

2026

One bar per payment. 38 payments in 2026 YTD. Jan 2, 2026 $0.12; Jan 9, 2026 $0.13; Jan 16, 2026 $0.14; Jan 23, 2026 $0.13; Jan 30, 2026 $0.13; Feb 6, 2026 $0.11; Feb 13, 2026 $0.11; Feb 20, 2026 $0.10; Feb 27, 2026 $0.11; Mar 6, 2026 $0.10; Mar 13, 2026 $0.10; Mar 20, 2026 $0.11; Mar 27, 2026 $0.10; Apr 6, 2026 $0.09; Apr 10, 2026 $0.09; Apr 17, 2026 $0.11; Apr 24, 2026 $0.11; May 1, 2026 $0.11; May 8, 2026 $0.12; May 15, 2026 $0.12; May 22, 2026 $0.11; May 29, 2026 $0.12; Jun 5, 2026 $0.12; Jun 12, 2026 $0.11; Jun 22, 2026 $0.12; Jun 26, 2026 $0.12; Jul 6, 2026 $0.11; Jul 10, 2026 $0.10; Jul 17, 2026 $0.10; Jul 24, 2026 $0.10; Jul 31, 2026 $0.09; Aug 7, 2026 $0.09; Aug 14, 2026 $0.09; Aug 21, 2026 $0.09; Aug 28, 2026 $0.10; Sep 4, 2026 $0.09; Sep 11, 2026 $0.10; Sep 18, 2026 $0.09. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 21, 2026$0.09
Sep 11, 2026Sep 14, 2026$0.10
Sep 4, 2026Sep 8, 2026$0.09
Aug 28, 2026Aug 31, 2026$0.10
Aug 21, 2026Aug 24, 2026$0.09
Aug 14, 2026Aug 17, 2026$0.09
Aug 7, 2026Aug 10, 2026$0.09
Jul 31, 2026Aug 3, 2026$0.09
Jul 24, 2026Jul 27, 2026$0.10
Jul 17, 2026Jul 20, 2026$0.10
Jul 10, 2026Jul 13, 2026$0.10
Jul 6, 2026Jul 7, 2026$0.11

BLOX Risk

How much the fund’s monthly returns vary, scaled to a year.
46.9%
Annualised · 14 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.09
vs 3-month T-bills · 14 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−47.1%
15 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
3.07
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BLOX Cost

Expense Ratio
0.99%