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Data as of .

BTCC vs BTCI: which paid, and which earned it?

Over the year BTCC paid 29.0% of its price in cash against BTCI’s 18.6%, though BTCI returned more with it reinvested.

Grayscale Bitcoin Covered Call ETF and NEOS Bitcoin High Income ETF.

29.0%BTCC cash paid, 1 year
18.6%BTCI cash paid, 1 year
−32.5%BTCC total return, 1 year
−29.1%BTCI total return, 1 year

ETFIQ Return Stability Score: BTCI scores higher

Was the payout funded by returns, or by your own capital?

BTCC 29.8BTCI 45.33.8, the lowest in this set96.8, the highest

A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed

BTCC1.4 pts behind IBIT · 1 year to Sep 18, 2026
IBIT−31.1%BTCC−32.5%1.4 pts behind IBITTotal return, distributions reinvestedIBIT−31.1%BTCC−32.5%1.4 pts behind IBIT
BTCI2 pts ahead of IBIT · 1 year to Sep 18, 2026
IBIT−31.1%BTCI−29.1%2 pts ahead of IBITTotal return, distributions reinvestedIBIT−31.1%BTCI−29.1%2 pts ahead of IBIT

What they hold in common

By the books each fund has filed, BTCC and BTCI hold 0% of their money in the same securities at the same weight.

Only in each
Only in BTCCOnly in BTCI
TREASURY BILL 100.00%United States Treasury Bill 11/03/2026 58.93%
CBTX US 10/16/26 C1390 22.94%
iShares Bitcoin Trust ETF 17.31%
VanEck Bitcoin ETF/US 2.01%
CBTX US 10/16/26 P1390 -0.18%
CBTX US 10/16/26 C2060 -0.37%
CBTX US 10/16/26 C1980 -0.63%

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 21, 2026.

Performance, window by window

BTCC and BTCI over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
BTCCBTCIBTCCBTCIBTCCBTCI
3 months+12.8%+22.3%10.4%7.0%−16.4 pts−6.9 pts
6 months+4.3%+11.9%20.2%12.7%−11.4 pts−3.8 pts
1 year−32.5%−29.1%29.0%18.6%−1.4 pts+2.0 pts
Since launch−17.7%+15.5%53.5%54.4%−10.8 pts−5.5 pts
Open the live comparison on ETFIQ
BTCC and BTCI on the same fields, as of Sep 18, 2026. Source: ETFIQ.
BTCC
Grayscale Bitcoin Covered Call ETF
Covered call on IBIT, paying monthly
BTCI
NEOS Bitcoin High Income ETF
Option income on IBIT, paying monthly
IssuerGrayscaleNEOS
Strategycovered calloption income
BenchmarkBitcoin (IBIT)Bitcoin (IBIT)
Paysmonthlymonthly
Payout rate, annualized20.2%26.3%
Expense ratio0.65%0.99%
Cash paid, 1 year29.0%18.6%
Price change, 1 year−59.1%−47.0%
Total return, 1 year−32.5%−29.1%
Benchmark return, 1 year−31.1%−31.1%
Ahead or behind−1.4 pts+2.0 pts
Return of capital, latest estimatenot published94%
Age534 days701 days
Net assets$13m$1.3bn

BTCC in plain words

Over the year to Sep 18, 2026, BTCC paid 29.0% of its starting value in cash distributions while its price fell 59.1%. With every distribution reinvested, the fund returned −32.5%. Bitcoin (IBIT) returned −31.1% over the same days, so a holder was behind by 1.4 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 20.2%, paid monthly.

BTCI in plain words

Over the year to Sep 18, 2026, BTCI paid 18.6% of its starting value in cash distributions while its price fell 47.0%. With every distribution reinvested, the fund returned −29.1%. Bitcoin (IBIT) returned −31.1% over the same days, so a holder was ahead by 2.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 26.3%, paid monthly. NEOS estimates that 94% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

Questions people ask

Which paid more, BTCC or BTCI?
Over the year to Sep 18, 2026, BTCC paid 29.0% of its starting price in cash and BTCI paid 18.6%, so BTCC paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, BTCC or BTCI?
With every distribution reinvested, BTCC returned −32.5% and BTCI returned −29.1% over the year to Sep 18, 2026, so BTCI returned more.
Which is cheaper, BTCC or BTCI?
BTCC charges 0.65% a year and BTCI charges 0.99%, so BTCC 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.

BTCC against BTCI, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, BTCC against BTCI, data as of Sep 18, 2026. https://etfiq.com/compare/income/btcc-vs-btci Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources