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Launched · SEC filings

NEOS Bitcoin High Income ETF

BTCICboeNeosC

$30.44−0.02 (−0.07%)

At close: Nov 2, 2026, 4:00 PM ET

C51/ 100

Rank 8 of 22 in Crypto Option Income

C51/100Rank 8 of 22inCrypto Option Income
Intraday session: down, 79 prints from 30.46 to 30.44. Range 30.40 to 30.87. Use the arrow keys to read each point.30.6030.7030.8010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$1.33B
1Y total return
−29.4%
Yield · Last 12 months
31.31%
Holdings
6
Avg volume · 30D
556K sh
52W range
low $26.52high $55.49
Launched
Filings
SEC EDGAR

The ETF.net BTCI Grade

C

Score 51 out of 100

Category
Crypto Option Income⁠
Rank
8 of 22
Six-pillar profile for BTCI. Scores out of 100: Cost 24, Risk 52, Mission 70, Tradability 94, Holdings 48, Durability 91. Strongest: Tradability (94). Weakest: Cost (24). Leans toward Tradability and Durability.

Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F24 out of 100
    Rank 17 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A70 out of 100
    Rank 1 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C52 out of 100
    Rank 9 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A94 out of 100
    Rank 1 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C48 out of 100
    Rank 10 of 14

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A91 out of 100
    Rank 1 of 22

Our read on BTCI

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Oct 16, 2024

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

Not enough history yet.Not enough history yet.Not enough history yet.
BTCI$7,060
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. BTCI $7,060. SPY $11,146. Use the arrow keys to read each point.$6,000$8,000$10,000$12,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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 BTCI. Periods over one year show the average yearly return.
PeriodBTCI
Year to date−13.7%
1 month−8.4%
3 months+16.1%
1 year−29.4%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 BTCI
YearReturn barBTCI
2026 YTD−13.7%
2025−1.0%
2024+28.1%

History from Oct 17, 2024

BTCI in the news

BTCI 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 Nov 2, 2026.
31.31%Last 12 months
Payout per share
$9.53Last 12 months
Last payment
$0.70 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2024–2026

One bar per payment. 25 payments from 2024 to 2026 YTD. Oct 23, 2024 $1.13; Nov 20, 2024 $1.41; Dec 24, 2024 $1.46; Jan 22, 2025 $1.57; Feb 26, 2025 $1.43; Mar 26, 2025 $1.34; Apr 23, 2025 $1.26; May 21, 2025 $1.51; Jun 25, 2025 $1.40; Jul 23, 2025 $1.47; Aug 20, 2025 $1.42; Sep 24, 2025 $1.34; Oct 22, 2025 $1.30; Nov 26, 2025 $1.02; Dec 24, 2025 $1.00; Jan 21, 2026 $1.04; Feb 18, 2026 $0.76; Mar 18, 2026 $0.78; Apr 22, 2026 $0.80; May 20, 2026 $0.79; Jun 16, 2026 $0.65; Jul 22, 2026 $0.65; Aug 19, 2026 $0.63; Sep 16, 2026 $0.72; Oct 21, 2026 $0.70. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Oct 21, 2026Oct 23, 2026$0.70
Sep 16, 2026Sep 18, 2026$0.72
Aug 19, 2026Aug 21, 2026$0.63
Jul 22, 2026Jul 24, 2026$0.65
Jun 16, 2026Jun 18, 2026$0.65
May 20, 2026May 22, 2026$0.79
Apr 22, 2026Apr 24, 2026$0.80
Mar 18, 2026Mar 20, 2026$0.78
Feb 18, 2026Feb 20, 2026$0.76
Jan 21, 2026Jan 23, 2026$1.04
Dec 24, 2025Dec 26, 2025$1.00
Nov 26, 2025Nov 28, 2025$1.02

See all 25 payments⁠

$10,000 in BTCI 1 year ago paid $1,739 in dividends.⁠

BTCI Risk

Risk pillarC52 out of 100Rank 9 of 22 in Crypto Option Income
How much the fund’s monthly returns vary, scaled to a year.
41.5%
Annualised · 24 months to Oct 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.
0.16
vs 3-month T-bills · 24 months to Oct 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.
−48.4%
24 months · trough Jun 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.
1.42
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.

FMP measures it over up to five years of monthly returns.

BTCI Cost

Compare BTCI and BITA

Overpaying vs BITA, tied cheapest in Crypto Option Income

$5,808

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BTCI 0.99%

    $18,525

  • BITA 0.65% Tied cheapest

    $12,717

$10,000
30 years

Cost over time

  • BTCI 0.99%
  • BITA 0.65%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BTCI $18,525BITA $12,717

Year by year

YearBTCIBITAOverpaying
10$1,746$1,163$583
20$6,565$4,440$2,125
30$18,525$12,717$5,808

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