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BTCC vs XBCI

Grayscale Funds Trust

BTCCBNYSE Arca

NEOS Boosted Bitcoin High Income ETF

XBCICNasdaq

Overlap

Expense ratio

BTCC −0.32pt a year

BTCC0.66%XBCI0.98%

Avg volume · 30D

XBCI 7.1×the volume

BTCC23.9KXBCI169K

BTCC vs XBCI Performance

Jul 31, 2026 – Oct 30, 2026

+5.7%BTCC+21.7%XBCI

Jul 31, 2026 to Oct 30, 2026. BTCC +5.7%. XBCI +21.7%. Use the arrow keys to read each point.0%30%40%Jul 2026Sep 2026Oct 2026
Expense ratio
BTCC 0.66%, better
XBCI 0.98%
Fund size
BTCC $15M
XBCI $232M
1Y total return
BTCC −27.4%
XBCI No data
Yield (12M)
BTCC 65.93%
XBCI No data
Holdings
BTCC 4
XBCI 5
Avg volume (30D)
BTCC 23.9K sh
XBCI 169K sh, better
NAV per share
BTCC $12.40
XBCI $34.93
52W range

ETF.net Grade

BTCC: Cost 90, Risk 65, Mission not scored, Tradability 44, Holdings not scored, Durability 51. XBCI: Cost 31, Risk 63, Mission not scored, Tradability 80, Holdings 51, Durability 72.
Pillar letters and Scores for BTCC, XBCI, with each pillar’s weight
PillarBTCCXBCI
Cost30% weightA90HigherD31
Mission25% weightNot scoredNot scored
Risk15% weightB65HigherB63
Tradability15% weightC44A80Higher
Holdings10% weightNot scoredC51
Durability5% weightC51A72Higher

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. BTCC and XBCI 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 ›

BTCC ranks 2nd and XBCI 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 3BBAGYAmplify Bitcoin Max Income Covered Call ETFScore 64
  4. Rank 6CDFIIFT Vest Bitcoin Strategy & Target Income ETFScore 52
  5. Rank 6CXBCINEOS Boosted Bitcoin High Income ETFScore 52
  6. Rank 8CBTCINEOS Bitcoin High Income ETFScore 51

Our read on each fund

ETF.net Research

BTCCBGrayscale Funds Trust

XBCICNEOS Boosted Bitcoin High Income ETF

In short

BTCC Grayscale's income angle on bitcoin: rather than just holding the asset, BTCC sells calls against bitcoin ETPs to convert crypto volatility into cash. Income first, bitcoin participation second, at a fee that undercuts most of its covered-call peers.

XBCI Take NEOS's bitcoin covered-call playbook and turn the dial up. XBCI uses leverage to run roughly 150% of BTCI's strategies, boosting both the bitcoin exposure and the option premium behind a monthly payout. Amplified income, amplified swings.

Stated mandate

BTCC The Fund seeks current income and, secondarily, participation in Bitcoin returns through options on Bitcoin exchange-traded products designed to track Bitcoin's price.

XBCI The Fund seeks boosted performance through high monthly income and potential appreciation from exposure to exchange-traded products that directly hold Bitcoin. It uses Bitcoin ETPs, synthetic options exposure, call-writing, and leverage, and does not invest directly in Bitcoin.

Why people hold it

  • BTCC Runs at 0.66% a year, below the typical fee in its crypto options-income group and cheaper than peers like CEPI and DFII at 0.85%.
  • The mandate is blunt: current income first, bitcoin participation second, using options on bitcoin exchange-traded products. No mystery about the job.
  • Top quartile of its crypto options-income peer group, one of the stronger implementations on that shelf.
  • Exposure runs through options on listed bitcoin ETPs, so no wallets, keys or crypto exchange accounts. It sits in an ordinary brokerage account.
  • XBCI One dial, turned up: the fund targets about 150% of BTCI's underlying strategies, boosting both the bitcoin exposure and the call premium behind its monthly distribution.neosfunds.com
  • Exposure comes from spot bitcoin ETPs and options rather than coins, with calls written on top and the premium designed to fund monthly income.neosfunds.com
  • Moderately traded for such a specialized product, and it lands in the upper half of a crowded bitcoin options-income field.

Worth knowing

  • BTCC Covered calls swap upside for income. When bitcoin rips, the sold calls hand back part of the move, while the drawdowns still come through.
  • A small fund that trades lightly, so spreads can widen. Limit orders and patience do real work here.
  • Launched in 2025, so the track record is short and covers only a slice of a crypto cycle.
  • XBCI Leverage cuts both ways: roughly 150% exposure magnifies bitcoin's drawdowns, and the calls sold for income trim participation in sharp rallies.neosfunds.com
  • The 0.98% fee sits near the middle of its peer group, above cheaper crypto-income options such as CEPI (0.85%) and SPBC (0.54%).
  • Part of each monthly payout can be return of capital (your own money coming back), and with a 2026 launch the track record is short.neosfunds.com

Full BTCC profile⁠

Full XBCI profile⁠

BTCC vs XBCI 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.

BTCC vs XBCI Cost

Overpaying XBCI vs BTCC

$5,466

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

  • BTCC 0.66%

    $12,896

  • XBCI 0.98%

    $18,362

$10,000
30 years

Cost over time

  • BTCC 0.66%
  • XBCI 0.98%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530XBCI $18,362BTCC $12,896

Year by year

YearBTCCXBCIOverpaying
10$1,180$1,729$549
20$4,504$6,504$2,000
30$12,896$18,362$5,466

Expense ratio

  • 0.66%BTCC, cheaper
  • 0.98%XBCI
  • Middle half of Crypto Option Income funds
  • Median 0.85%

BTCC 5th cheapest of 21 funds

XBCI 14th cheapest of 21 funds

BTCC vs XBCI Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BTCC 65.93%
XBCI No data
Payout (12M)
BTCC $8.16
XBCI No data
Last payment
BTCC $0.22
XBCI $1.35
Ex-dividend
BTCC Oct 29, 2026
XBCI Oct 7, 2026
Paid on
BTCC Oct 30, 2026
XBCI Oct 9, 2026
Frequency
BTCC Irregular
XBCI Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

BTCCIrregular · 34 paymentsAll BTCC payments⁠
One bar per payment. 34 payments from 2025 to 2026 YTD. Apr 30, 2025 $1.64; May 21, 2025 $0.94; Jun 25, 2025 $1.97; Jul 23, 2025 $1.85; Aug 14, 2025 $0.74; Aug 28, 2025 $1.18; Sep 12, 2025 $0.95; Sep 29, 2025 $0.89; Oct 14, 2025 $0.70; Oct 29, 2025 $0.62; Nov 13, 2025 $0.60; Nov 26, 2025 $0.57; Dec 12, 2025 $0.55; Dec 29, 2025 $0.53; Jan 14, 2026 $0.41; Jan 29, 2026 $0.37; Feb 12, 2026 $0.37; Feb 26, 2026 $0.37; Mar 12, 2026 $0.36; Mar 30, 2026 $0.37; Apr 14, 2026 $0.22; Apr 29, 2026 $0.38; May 14, 2026 $0.35; May 28, 2026 $0.28; Jun 12, 2026 $0.28; Jun 29, 2026 $0.26; Jul 14, 2026 $0.19; Jul 30, 2026 $0.26; Aug 13, 2026 $0.23; Aug 28, 2026 $0.22; Sep 14, 2026 $0.23; Sep 29, 2026 $0.26; Oct 14, 2026 $0.26; Oct 29, 2026 $0.22. Use the arrow keys to read each point.$0$22026YTD
XBCIMonthly · 9 paymentsAll XBCI payments⁠
One bar per payment. 9 payments from 2025 to 2026 YTD. Feb 4, 2026 $1.60; Mar 4, 2026 $1.36; Apr 8, 2026 $1.35; May 6, 2026 $1.57; Jun 3, 2026 $1.32; Jul 8, 2026 $1.05; Aug 5, 2026 $1.03; Sep 2, 2026 $1.25; Oct 7, 2026 $1.35. Use the arrow keys to read each point.$0$22026YTD

BTCC vs XBCI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BTCC 29.0%since May 2025XBCI No data
Return per unit of riskSharpe ratio, 3 years
BTCC −0.65since May 2025XBCI No data
Worst fallMax drawdown, 5 years
BTCC −44.3%since Apr 2025XBCI No data
Market sensitivityBeta, 5 years
BTCC 1.01XBCI 1.14

BTCC and XBCI in the news

All news⁠

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