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BITA vs DFII

The iShares Bitcoin Premium Income ETF

BITAANasdaq

FT Vest Bitcoin Strategy & Target Income ETF

DFIICNYSE Arca

Overlap

Expense ratio

BITA −0.20pt a year

BITA0.65%DFII0.85%

Avg volume · 30D

BITA 4.0×the volume

BITA32.3KDFII8K

BITA vs DFII Performance

Jul 31, 2026 – Oct 30, 2026

+18.0%BITA+17.1%DFII

Jul 31, 2026 to Oct 30, 2026. BITA +18.0%. DFII +17.1%. Use the arrow keys to read each point.0%5%10%25%30%Jul 2026Sep 2026Oct 2026
Expense ratio
BITA 0.65%, better
DFII 0.85%
Fund size
BITA $96M
DFII $20M
1Y total return
BITA No data
DFII −30.7%
Yield (12M)
BITA No data
DFII 20.66%
Holdings
BITA 4
DFII 4
Avg volume (30D)
BITA 32.3K sh, better
DFII 8K sh
NAV per share
BITA $57.98
DFII $13.04
52W range

ETF.net Grade

BITA: Cost 90, Risk 98, Mission not scored, Tradability 85, Holdings not scored, Durability 61. DFII: Cost 50, Risk 50, Mission not scored, Tradability 60, Holdings 39, Durability 72.
Pillar letters and Scores for BITA, DFII, with each pillar’s weight
PillarBITADFII
Cost30% weightA90HigherC50
Mission25% weightNot scoredNot scored
Risk15% weightA98HigherC50
Tradability15% weightA85HigherB60
Holdings10% weightNot scoredD39
Durability5% weightB61A72Higher

Rank among Crypto Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BITA and DFII are both graded against the same 21 Crypto Option Income funds, so their Grades compare head to head.

Crypto Option Income⁠

Category · 21 funds
See all 21 ›

BITA ranks 1st and DFII 6th of 21 funds in the Crypto Option Income Category.

  1. Rank 1ABITAThe iShares Bitcoin Premium Income ETFScore 88
  2. Rank 2BBTCCGrayscale Funds TrustScore 70
  3. Rank 5CYBTCRoundhill Bitcoin Covered Call Strategy ETFScore 54
  4. Rank 6CDFIIFT Vest Bitcoin Strategy & Target Income ETFScore 52
  5. Rank 6CXBCINEOS Boosted Bitcoin High Income ETFScore 52

Our read on each fund

ETF.net Research

BITAAThe iShares Bitcoin Premium Income ETF

DFIICFT Vest Bitcoin Strategy & Target Income ETF

In short

BITA BlackRock's take on the bitcoin income trade: own actual bitcoin, then sell calls on only a quarter to a third of it. Most crypto covered-call funds hand over the upside to buy the yield. This one is built to leave most of it on the table.

DFII A bitcoin income fund that never owns a coin. First Trust's Vest team sells options on bitcoin ETPs to fund a monthly payout targeted 15% above one-month Treasury rates, trading away part of bitcoin's upside for cash flow.

Stated mandate

BITA The Trust seeks to reflect the performance of bitcoin while generating premium income through an actively managed strategy of selling call options primarily on IBIT shares and, from time to time, on ETP indices.

DFII The Fund seeks partial participation in bitcoin returns while generating a high level of income. It uses options referencing Bitcoin Exposure Instruments rather than investing directly in bitcoin.

Why people hold it

  • BITA Holds spot bitcoin and IBIT shares directly, and the sponsor aims to write calls on a predetermined 25% to 35% of notional value, leaving the majority of the position unwritten.sec.gov
  • 0.65% expense ratio, below the 0.85% typical of crypto options-income funds and at the low end of the category's strongest implementations (BTCC 0.66%, CEPI 0.85%, YBTC 0.96%).
  • The partnership wrapper earns its keep: IBIT options are Section 1256 contracts eligible for 60/40 blended rates, and partnerships skip forced year-end capital gain distributions.ishares.com
  • Among the better-built options in a crowded crypto income shelf, with the calls written on IBIT, the deepest-traded bitcoin ETP options market.ishares.com
  • DFII The payout policy is written down, not improvised: a target income level 15% above the one-month Treasury distribution rate, paid monthly.ftportfolios.com
  • No coins, keys, or exchange accounts. Exposure runs through options on bitcoin ETPs held inside an ordinary 1940 Act fund you buy in a brokerage account.sec.gov
  • 0.85% a year, which sits below the median fee in its crypto options-income peer group.sec.gov
  • Part of First Trust Vest's target-income lineup, the firm's options-overlay machinery aimed at bitcoin instead of an equity index.ftportfolios.com

Worth knowing

  • BITA That same partnership structure means a Schedule K-1 instead of a 1099, which lands later in tax season and can add filing steps.ishares.com
  • Calls written on part of the book cap gains on that slice. The premium income is paid for with upside, not conjured from thin air.sec.gov
  • Launched in 2026 and structured as a trust outside the Investment Company Act, so the record is short and it trades lighter than the category's biggest names.sec.gov
  • DFII Partial participation is the bargain. The options that fund the income also clip the upside, so the fund is built to lag bitcoin in a strong run.ftportfolios.com
  • Distributions can include return of capital, meaning some of a payout may be your own principal handed back rather than income the fund earned.ftportfolios.com
  • Launched in 2025 and small, so it trades lightly next to bigger crypto-income names and carries a short record through a full crypto cycle.

Full BITA profile⁠

Full DFII profile⁠

BITA vs DFII Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BITA vs DFII Cost

Overpaying DFII vs BITA

$3,482

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

  • BITA 0.65%

    $12,717

  • DFII 0.85%

    $16,199

$10,000
30 years

Cost over time

  • BITA 0.65%
  • DFII 0.85%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DFII $16,199BITA $12,717

Year by year

YearBITADFIIOverpaying
10$1,163$1,508$345
20$4,440$5,706$1,266
30$12,717$16,199$3,482

Expense ratio

  • 0.65%BITA, cheaper
  • 0.85%DFII
  • Middle half of Crypto Option Income funds
  • Median 0.85%

BITA cheapest of 21 funds

DFII 10th cheapest of 21 funds

BITA vs DFII Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BITA No data
DFII 20.66%
Payout (12M)
BITA No data
DFII $2.70
Last payment
BITA $0.73
DFII $0.22
Ex-dividend
BITA Oct 2, 2026
DFII Oct 1, 2026
Paid on
BITA Oct 7, 2026
DFII Oct 2, 2026
Frequency
BITA Monthly
DFII Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

BITAMonthly · 4 paymentsAll BITA payments⁠
One bar per payment. 4 payments from 2025 to 2026 YTD. Jul 2, 2026 $0.52; Aug 4, 2026 $0.80; Sep 2, 2026 $0.66; Oct 2, 2026 $0.73. Use the arrow keys to read each point.$0$0.502026YTD
DFIIMonthly · 18 paymentsAll DFII payments⁠
One bar per payment. 18 payments from 2025 to 2026 YTD. May 1, 2025 $0.31; Jun 2, 2025 $0.37; Jul 1, 2025 $0.36; Aug 1, 2025 $0.39; Sep 2, 2025 $0.37; Oct 1, 2025 $0.37; Nov 3, 2025 $0.33; Dec 1, 2025 $0.28; Jan 2, 2026 $0.26; Feb 2, 2026 $0.25; Mar 2, 2026 $0.20; Apr 1, 2026 $0.19; May 1, 2026 $0.21; Jun 1, 2026 $0.21; Jul 1, 2026 $0.17; Aug 3, 2026 $0.18; Sep 1, 2026 $0.20; Oct 1, 2026 $0.22. Use the arrow keys to read each point.$0$0.502026YTD

BITA vs DFII Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BITA No dataDFII 37.6%since May 2025
Return per unit of riskSharpe ratio, 3 years
BITA No dataDFII −0.33since May 2025
Worst fallMax drawdown, 5 years
BITA No dataDFII −51.0%since Apr 2025
Market sensitivityBeta, 5 years
BITA 1.10DFII 1.36

BITA and DFII in the news

All news⁠

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