Data as of Nov 4, 2026.

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Income ETFs

BPI vs XBCI: Dividend Yield & Total Return

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BPI and XBCI both write options for income.

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Net assets: $2.9m on Jun 30, 2026 for Grayscale Bitcoin Premium Income ETF, and $238m on Oct 28, 2026 for NEOS Boosted Bitcoin High Income ETF.

At a glance

Pair scorecard

BPI costs 0.33 points a year less.

Points (pts) are percentage points.

BPI vs XBCI: Dividend Yield & Total Return
MeasureBPIXBCI
Paid and earned
Price change, since Feb 3, 2026fell 27.6%
Return of capital, issuer estimate97% of the Oct 9, 2026 payment
Against its benchmark
BenchmarkBitcoin (BTC-USD)NEOS Bitcoin High Income ETF, measured through BTCI
Cost and size
Expense ratio0.65%0.98%
Net assets, BPI as of Jun 30, 2026 and XBCI as of Oct 28, 2026$2.9m$238m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, BPI and XBCI 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 XBCI
Only in one fund ↓
Only in BPI
Only in XBCI
iShares Bitcoin Trust ETF 19.69%
CBTX US 01/15/27 C1980 5.70%
CBTX US 12/18/26 C2000 -0.80%
CBTX US 12/18/26 C1930 -1.19%
CBTX US 01/15/27 P1980 -14.95%
Check overlap with more funds →

Side by side

BPI Grayscale Bitcoin Premium Income ETF · Covered call on Bitcoin, paying monthly XBCI NEOS Boosted Bitcoin High Income ETF · Option income on BTCI, paying monthly
Strategy covered call option income
Benchmark Bitcoin (BTC-USD) NEOS Bitcoin High Income ETF (BTCI)
Pays monthly monthly
Payout rate, annualized 8.8% 37.4%
Expense ratio 0.65% 0.98%
Cash paid, 1 year not available 26.3% (since launch, Feb 3, 2026)
Price change, 1 year not available −27.6% (since launch, Feb 3, 2026)
Total return, 1 year not available +0.5% (since launch, Feb 3, 2026)
Benchmark return, 1 year not available +0.9% (since launch, Feb 3, 2026)
Ahead or behind not available −0.4 pts (since launch, Feb 3, 2026)
Return of capital, latest estimate not published 97%
Age not stated 274 days
Net assets, BPI as of Jun 30, 2026 and XBCI as of Oct 28, 2026 $2.9m $238m

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 XBCI: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowBPIXBCIBPIXBCIBPIXBCI
3 months+22.4%+24.3%5.1%11.7%−1.1 pts+6.8 pts
6 months−0.5%−9.9%7.5%14.6%+1.2 pts−5.5 pts
Since launch–+0.5%–26.3%–−0.4 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.

XBCI

Over the period from its first trade on Feb 3, 2026 to Nov 4, 2026, XBCI paid 26.3% of its starting value in cash distributions while its price fell 27.6%. With every distribution reinvested, the fund returned +0.5%. NEOS Bitcoin High Income ETF (BTCI) returned +0.9% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 37.4%, paid monthly. NEOS estimates that 97% of the distribution paid Oct 9, 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 XBCI?
BPI charges 0.65% a year and XBCI charges 0.98%, so BPI is cheaper. Fees come from each fund's prospectus.
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ETFIQ, BPI against XBCI, data as of Nov 4, 2026. https://etfiq.com/compare/income/bpi-vs-xbci

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