Data as of .
BPI vs XBTY: which paid, and which earned it?
BPI and XBTY both write options for income.
What they hold in common
By the books each fund has filed, BPI and XBTY hold 63% of their money in the same securities at the same weight.
| Holding | BPI | XBTY |
|---|---|---|
| TREASURY BILL | 100.00% | 62.54% |
| Only in BPI | Only in XBTY |
|---|---|
| Treasury Bill 37.46% |
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.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| BPI | XBTY | BPI | XBTY | BPI | XBTY | |
| 3 months | +26.6% | +6.9% | 4.0% | 8.4% | −2.5 pts | −22.3 pts |
| 6 months | not published | −1.3% | not published | 23.0% | not published | −17.1 pts |
| 1 year | not published | −42.9% | not published | 37.4% | not published | −11.8 pts |
| Since launch | +5.4% | −34.0% | 5.4% | 60.0% | −0.8 pts | −11.1 pts |
| BPI Grayscale Bitcoin Premium Income ETF Covered call on IBIT, paying monthly | XBTY GraniteShares YieldBOOST Bitcoin ETF Synthetic covered call on IBIT, paying weekly | |
|---|---|---|
| Issuer | Grayscale | GraniteShares |
| Strategy | covered call | synthetic covered call |
| Benchmark | Bitcoin (IBIT) | Bitcoin (IBIT) |
| Pays | monthly | weekly |
| Payout rate, annualized | 6.3% | 29.8% |
| Expense ratio | 0.65% | 1.15% |
| Cash paid, 1 year | 5.4% (since launch on Apr 30, 2026) | 37.4% |
| Price change, 1 year | −0.8% | −74.1% |
| Total return, 1 year | +5.4% (since launch on Apr 30, 2026) | −42.9% |
| Benchmark return, 1 year | +6.2% | −31.1% |
| Ahead or behind | −0.8 pts | −11.8 pts |
| Return of capital, latest estimate | not published | 92% |
| Age | 141 days | 493 days |
| Net assets | $3m | $10m |
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.
XBTY in plain words
Over the year to Sep 18, 2026, XBTY paid 37.4% of its starting value in cash distributions while its price fell 74.1%. With every distribution reinvested, the fund returned −42.9%. Bitcoin (IBIT) returned −31.1% over the same days, so a holder was behind by 11.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 29.8%, paid weekly. GraniteShares estimates that 92% of the distribution paid Aug 25, 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 XBTY?
- BPI charges 0.65% a year and XBTY charges 1.15%, 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 XBTY, data as of Sep 18, 2026. https://etfiq.com/compare/income/bpi-vs-xbty Free to use with attribution; the underlying files are at Open data.