Data as of Nov 4, 2026.

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Income ETFs

BPI vs BTCI: Dividend Yield & Total Return

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BPI and BTCI both write options for income.

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Net assets: $2.9m on Jun 30, 2026 for Grayscale Bitcoin Premium Income ETF, and $1.4bn on Oct 28, 2026 for NEOS Bitcoin High Income ETF.

At a glance

Pair scorecard

BPI costs 0.34 points a year less.

Points (pts) are percentage points.

BPI vs BTCI: Dividend Yield & Total Return
MeasureBPIBTCI
Paid and earned
Total return, 1 yearnot published−20.8%
Price change, 1 yearfell 39.3%
Return of capital, issuer estimate92% of the Oct 23, 2026 payment
Against its benchmark
BenchmarkBitcoin (BTC-USD)Bitcoin (BTC-USD)
Cost and size
Expense ratio0.65%0.99%
Net assets, BPI as of Jun 30, 2026 and BTCI as of Oct 28, 2026$2.9m$1.4bn
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, BPI and BTCI hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BPI BTCI
Only in one fund ↓
Only in BPI
Only in BTCI
iShares Bitcoin Trust ETF 17.12%
CBTX US 01/15/27 C1980 3.40%
VanEck Bitcoin ETF 1.87%
CBTX US 12/18/26 C2000 -0.53%
CBTX US 12/18/26 C1930 -0.79%
CBTX US 01/15/27 P1980 -8.94%
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Side by side

BPI Grayscale Bitcoin Premium Income ETF · Covered call on Bitcoin, paying monthly BTCI NEOS Bitcoin High Income ETF · Option income on Bitcoin, paying monthly
Strategy covered call option income
Benchmark Bitcoin (BTC-USD) Bitcoin (BTC-USD)
Pays monthly monthly
Payout rate, annualized 8.8% 26.4%
Expense ratio 0.65% 0.99%
Cash paid, 1 year not available 18.3%
Price change, 1 year not available −39.3%
Total return, 1 year not available −20.8%
Benchmark return, 1 year not available −20.5%
Ahead or behind not available −0.3 pts
Return of capital, latest estimate not published 92%
Age not stated 2.0 years
Net assets, BPI as of Jun 30, 2026 and BTCI as of Oct 28, 2026 $2.9m $1.4bn

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: BPI vs BTCI: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowBPIBTCIBPIBTCIBPIBTCI
3 months+22.4%+17.5%5.1%7.1%−1.1 pts−6.0 pts
6 months−0.5%−4.4%7.5%11.0%+1.2 pts−2.7 pts
1 year–−20.8%–18.3%–−0.3 pts
Since launch–+13.6%–55.8%–−6.2 pts

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About each fund
BPI

At its price on Nov 4, 2026 the latest distribution annualizes to 8.8%, paid monthly.

BTCI

Over the year to Nov 4, 2026, BTCI paid 18.3% of its starting value in cash distributions while its price fell 39.3%. With every distribution reinvested, the fund returned −20.8%. Bitcoin (BTC-USD) returned −20.5% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 26.4%, paid monthly. NEOS estimates that 92% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, BPI or BTCI?
BPI charges 0.65% a year and BTCI charges 0.99%, so BPI is cheaper. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, BPI against BTCI, data as of Nov 4, 2026. https://etfiq.com/compare/income/bpi-vs-btci

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