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BTCI vs CEPI

NEOS Bitcoin High Income ETF

BTCICCboe

REX Crypto Equity Premium Income ETF

CEPIBNasdaq

Overlap

0.0%by weight

Expense ratio

CEPI −0.14pt a year

BTCI0.99%CEPI0.85%

Avg volume · 30D

BTCI 10.8×the volume

BTCI556KCEPI51.4K

BTCI vs CEPI Performance

Oct 31, 2025 – Nov 2, 2026

−29.4%BTCI−4.0%CEPI

Oct 31, 2025 to Nov 2, 2026. BTCI −29.4%. CEPI −4.0%. Use the arrow keys to read each point.−40%−20%10%Oct 2025May 2026Nov 2026
Expense ratio
BTCI 0.99%
CEPI 0.85%, better
Fund size
BTCI $1.33B
CEPI $114M
1Y total return
BTCI −29.4%
CEPI −4.0%, better
Yield (12M)
BTCI 31.31%
CEPI 49.35%, better
Holdings
BTCI 6
CEPI 27
Avg volume (30D)
BTCI 556K sh, better
CEPI 51.4K sh
NAV per share
BTCI $30.45
CEPI $26.99
52W range

ETF.net Grade

BTCI: Cost 24, Risk 52, Mission 70, Tradability 94, Holdings 48, Durability 91. CEPI: Cost 50, Risk 88, Mission not scored, Tradability 52, Holdings 92, Durability 71.
Pillar letters and Scores for BTCI, CEPI, with each pillar’s weight
PillarBTCICEPI
Cost30% weightF24C50Higher
Mission25% weightA70Not scored
Risk15% weightC52A88Higher
Tradability15% weightA94HigherC52
Holdings10% weightC48A92Higher
Durability5% weightA91HigherA71

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. BTCI and CEPI 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 ›

CEPI ranks 3rd and BTCI 8th of 21 funds in the Crypto Option Income Category.

  1. Rank 1ABITAThe iShares Bitcoin Premium Income ETFScore 88
  2. Rank 2ABTCCGrayscale Funds TrustScore 70
  3. Rank 3BCEPIREX Crypto Equity Premium Income ETFScore 65
  4. Rank 4BBAGYAmplify Bitcoin Max Income Covered Call ETFScore 64
  5. Rank 6CXBCINEOS Boosted Bitcoin High Income ETFScore 52
  6. Rank 8CBTCINEOS Bitcoin High Income ETFScore 51
  7. Rank 9CXRPMAmplify XRP 3% Monthly Option Income ETFScore 46

Our read on each fund

ETF.net Research

BTCICNEOS Bitcoin High Income ETF

CEPIBREX Crypto Equity Premium Income ETF

In short

BTCI Bitcoin 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.

CEPI Crypto exposure without the coins. CEPI owns a basket of miners, exchanges and digital-payment stocks, then sells options against them for income, so the sector's volatility becomes the fuel for the premium.

Stated mandate

BTCI 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.

CEPI The fund seeks current income and capital appreciation, while targeting most of the returns of the S&P 500 Total Return Index with lower volatility and additional income.

Why people hold it

  • BTCI 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.
  • CEPI Charges 0.85% a year, below the 0.96% median for crypto-linked income funds.
  • Spreads across roughly 80 crypto and digital-payment stocks from the BITA Crypto Assets & Digital Payments Index, rather than leaning on one bitcoin proxy.
  • Sits in the top quartile of the crypto-income group we track, one of the stronger builds in a crowded niche.
  • A plain 1940 Act fund holding stocks, not coins: no wallet, no exchange account, 1099 at tax time.

Worth knowing

  • BTCI 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.
  • CEPI Writing options for income trades away part of any big rally in crypto equities. Premium now, capped upside later.
  • A December 2024 launch that still trades lightly next to the giant income ETFs, so spreads can run wider.
  • Exposure leans on derivatives, including synthetic single-stock positions, so the options book drives results as much as the shares behind it.

Full BTCI profile⁠

Full CEPI profile⁠

BTCI vs CEPI Holdings

How BTCI and CEPI differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BTCI and 0.0% of CEPI.

Level by level

  • Asset classAlternatives, Equity0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for BTCI and CEPI.

Country, concentration and asset class

Country by domicile

No country split for BTCI.

Concentration

Weight in the 10 largest Holdings

  • BTCI110.9%
  • CEPI52.9%

Securities held

  • BTCI6
  • CEPI26

Asset class

BTCI
Alternatives
CEPI
Equity

Holdings

  • Only in BTCI6
  • In both0
  • Only in CEPI26

Only in BTCI

6 securities, 100% of BTCI by weight

  • United States Treasury Bill 11/03/202659.05%
  • United States Treasury Bill 01/26/202726.67%
  • iShares Bitcoin Trust ETF17.06%

Only in CEPI

26 securities, 98.7% of CEPI by weight

  • Mastercard Inc - A6.78%
  • Visa Inc-Class A Shares6.73%
  • Tesla Inc.6.33%

Weight gaps

BTCI and CEPI share no securities.

All BTCI holdings⁠All 71 CEPI 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.

BTCI vs CEPI Cost

Overpaying BTCI vs CEPI

$2,326

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

  • BTCI 0.99%

    $18,525

  • CEPI 0.85%

    $16,199

$10,000
30 years

Cost over time

  • BTCI 0.99%
  • CEPI 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$20K051015202530BTCI $18,525CEPI $16,199

Year by year

YearBTCICEPIOverpaying
10$1,746$1,508$238
20$6,565$5,706$859
30$18,525$16,199$2,326

Expense ratio

  • 0.99%BTCI
  • 0.85%CEPI, cheaper
  • Middle half of Crypto Option Income funds
  • Median 0.85%

CEPI 10th cheapest of 21 funds

BTCI 16th cheapest of 21 funds

BTCI vs CEPI Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
BTCI 31.31%
CEPI 49.35%, better
Payout (12M)
BTCI $9.53
CEPI $13.03
Last payment
BTCI $0.70
CEPI $0.22
Ex-dividend
BTCI Oct 21, 2026
CEPI Oct 28, 2026
Paid on
BTCI Oct 23, 2026
CEPI Oct 29, 2026
Frequency
BTCI Monthly
CEPI Weekly

Distribution history

Per share, 2026, same scale for both

BTCIMonthly · 10 paymentsAll BTCI payments⁠
One bar per payment. 10 payments in 2026 YTD. 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.$0$12026YTD
CEPIWeekly · 27 paymentsAll CEPI payments⁠
One bar per payment. 27 payments in 2026 YTD. Jan 27, 2026 $1.25; Feb 24, 2026 $1.11; Mar 24, 2026 $1.06; Apr 28, 2026 $1.17; May 27, 2026 $0.28; Jun 3, 2026 $0.29; Jun 10, 2026 $0.28; Jun 17, 2026 $0.28; Jun 24, 2026 $0.28; Jul 1, 2026 $0.27; Jul 8, 2026 $0.27; Jul 15, 2026 $0.26; Jul 22, 2026 $0.26; Jul 29, 2026 $0.25; Aug 5, 2026 $0.26; Aug 12, 2026 $0.25; Aug 19, 2026 $0.26; Aug 26, 2026 $0.25; Sep 2, 2026 $0.25; Sep 9, 2026 $0.26; Sep 16, 2026 $0.25; Sep 23, 2026 $0.26; Sep 30, 2026 $0.25; Oct 7, 2026 $0.26; Oct 14, 2026 $0.25; Oct 21, 2026 $0.23; Oct 28, 2026 $0.22. Use the arrow keys to read each point.$0$12026YTD

BTCI vs CEPI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BTCI 41.5%since Nov 2024CEPI 26.0%since Jan 2025
Return per unit of riskSharpe ratio, 3 years
BTCI 0.16since Nov 2024CEPI 0.41since Jan 2025
Worst fallMax drawdown, 5 years
BTCI −48.4%since Oct 2024CEPI −29.4%since Dec 2024
Market sensitivityBeta, 5 years
BTCI 1.42CEPI 1.69

BTCI and CEPI in the news

All news⁠

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