NEOS Bitcoin High Income ETF
$33.82−0.62 (−1.80%)
History starts Oct 17, 2024.
- Expense ratio
- 0.99%
- Fund size
- $1.3B
- 1Y return
- −22.8%
- Yield · Last 12 months
- 33.32%
- Volume · 30D
- 0.7M sh
- NAV per share
- $32.76
- 52W range
The ETF.net BTCI Grade
Score 50 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 24Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 70Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 56Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 88Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 48Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 91Category rank
Our read on BTCI
CBitcoin with a paycheck attached. BTCI holds spot bitcoin ETPs plus synthetic bitcoin exposure built from options, then writes calls against it to turn crypto's famous volatility into monthly cash.
The Fund seeks high monthly income and potential appreciation through exposure to exchange-traded products with direct Bitcoin exposure. It combines spot Bitcoin ETPs, synthetic Bitcoin options exposure, and written call options.
Why people hold it
- The income comes from bitcoin's own volatility: spot bitcoin ETPs and synthetic options exposure, with written calls harvesting premium on top. Pays monthly.
- Actively managed rather than a fixed calendar of strikes, so the manager can adjust the call-writing as bitcoin's option premiums swing.
- A billion-dollar-plus fund that trades actively, which is rare air in the young crypto-income aisle and generally means easier fills.
- Sits in the upper half of its crypto option-income peer group on our overall read, one of the sturdier builds in a category full of experiments.
Worth knowing
- Written calls trade away part of a big bitcoin run-up for premium today. This is an income vehicle first, not full exposure to bitcoin's moves.
- The fund discloses that distributions can include return of capital, meaning part of a payout may be your own money coming back rather than earnings.
- At 0.99% the fee runs above the crypto-income median of 0.96%, and above peers like CEPI (0.85%) and BAGY (0.65%). Launched in 2024, so the track record is short.
BTCI Holdings
- Other
- —
- 101%
- 912797VP9
BTCI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
BTCI$7,715
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.
| Period | BTCI |
|---|---|
| Year to date | −4.4% |
| 1 month | +10.1% |
| 3 months | +25.3% |
| 1 year | −22.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BTCI |
|---|---|---|
| 2026 YTD | −4.4% | |
| 2025 | −1.0% | |
| 2024 | +28.1% |
BTCI in the news
BTCI Dividends
- 33.32%
- $11.48
- $0.72 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 16, 2026 | Sep 18, 2026 | $0.72 |
| Aug 19, 2026 | Aug 21, 2026 | $0.63 |
| Jul 22, 2026 | Jul 24, 2026 | $0.65 |
| Jun 16, 2026 | Jun 18, 2026 | $0.65 |
| May 20, 2026 | May 22, 2026 | $0.79 |
| Apr 22, 2026 | Apr 24, 2026 | $0.80 |
| Mar 18, 2026 | Mar 20, 2026 | $0.78 |
| Feb 18, 2026 | Feb 20, 2026 | $0.76 |
| Jan 21, 2026 | Jan 23, 2026 | $1.04 |
| Dec 24, 2025 | Dec 26, 2025 | $1.00 |
| Nov 26, 2025 | Nov 28, 2025 | $1.02 |
| Oct 22, 2025 | Oct 24, 2025 | $1.30 |
BTCI Risk
- 42.7%
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.
- 0.20
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.
- −48.4%
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.
- 1.46
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BTCI Cost
0.99%
BTCI0.99%
- The middle half of Crypto Option Income funds
- Median 0.85%
15 of the 21 Crypto Option Income funds charge less.