Data as of .
BPI vs EHCC: which paid, and which earned it?
BPI and EHCC both write options for income.
What they hold in common
By the books each fund has filed, BPI and EHCC hold 0% of their money in the same securities at the same weight.
| Only in BPI | Only in EHCC |
|---|---|
| TREASURY BILL 100.00% | CASH 52.60% |
| 2ETHA 10/30/2026 C10 48.12% | |
| 4ETHA 10/30/2026 C10 1.77% | |
| 2ETHA 10/30/2026 P10 -0.15% | |
| OTHER PAYABLE & RECEIVABLES -0.60% | |
| 4ETHA 09/25/2026 C20.32 -0.68% | |
| 4ETHA 09/25/2026 C18.84 -1.06% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| BPI | EHCC | BPI | EHCC | BPI | EHCC | |
| 3 months | +26.6% | +32.8% | 4.0% | 8.8% | −2.5 pts | −21.9 pts |
| Since launch | +5.4% | +12.2% | 5.4% | 13.6% | −0.8 pts | −15.2 pts |
| BPI Grayscale Bitcoin Premium Income ETF Covered call on IBIT, paying monthly | EHCC Global X Ethereum Covered Call ETF Covered call on ETHA, paying weekly | |
|---|---|---|
| Issuer | Grayscale | Global X |
| Strategy | covered call | covered call |
| Benchmark | Bitcoin (IBIT) | Ether (ETHA) |
| Pays | monthly | weekly |
| Payout rate, annualized | 6.3% | 33.6% |
| Expense ratio | 0.65% | 0.75% |
| Cash paid, 1 year | 5.4% (since launch on Apr 30, 2026) | 13.6% (since launch on Apr 2, 2026) |
| Price change, 1 year | −0.8% | −3.4% |
| Total return, 1 year | +5.4% (since launch on Apr 30, 2026) | +12.2% (since launch on Apr 2, 2026) |
| Benchmark return, 1 year | +6.2% | +27.4% |
| Ahead or behind | −0.8 pts | −15.2 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 141 days | 169 days |
| Net assets | $3m | $1m |
BPI in plain words
Over the period since launch on Apr 30, 2026 to Sep 18, 2026, BPI paid 5.4% of its starting value in cash distributions while its price fell 0.8%. With every distribution reinvested, the fund returned +5.4%. Bitcoin (IBIT) returned +6.2% over the same days, so a holder was behind by 0.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 6.3%, paid monthly.
EHCC in plain words
Over the period since launch on Apr 2, 2026 to Sep 18, 2026, EHCC paid 13.6% of its starting value in cash distributions while its price fell 3.4%. With every distribution reinvested, the fund returned +12.2%. Ether (ETHA) returned +27.4% over the same days, so a holder was behind by 15.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 33.6%, paid weekly. Global X estimates that 100% of the distribution paid Sep 17, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, BPI or EHCC?
- BPI charges 0.65% a year and EHCC charges 0.75%, so BPI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BPI against EHCC, data as of Sep 18, 2026. https://etfiq.com/compare/income/bpi-vs-ehcc Free to use with attribution; the underlying files are at Open data.