# BPI (Grayscale Bitcoin Premium Income ETF)

Grayscale · Income ETFs · data as of Sep 18, 2026

Since its launch on Apr 30, 2026, BPI paid 5.4% in cash and still finished 0.8 points behind IBIT.

## Key facts

- BPI, cash paid, since launch, on its starting price: 5.4%, as of Sep 18, 2026.
- BPI, total return, since launch: +5.4%, as of Sep 18, 2026.
- BPI, against IBIT: −0.8 pts, as of Sep 18, 2026.
- BPI, latest payout, annualized: 6.3%, as of Sep 18, 2026.
- BPI, net assets: $3m (SEC filing, whole fund, as filed for Jun 30, 2026).
- BPI, expense ratio: 0.65% (485BPOS XBRL, Apr 30, 2026).

## BPI over each window to Sep 18, 2026

| Window | Cash paid | Price | Total return | IBIT | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 4.0% | +22.0% | +26.6% | +29.2% | −2.5 pts |
| Since launch | 5.4% | −0.8% | +5.4% | +6.2% | −0.8 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | covered call | ETFIQ |
| Benchmark | Bitcoin (IBIT) (proxy) | ETFIQ |
| Pays | monthly | ETFIQ |
| Net assets | $3m | SEC filing, whole fund, as filed for Jun 30, 2026 |
| Latest payout, annualized | 6.3% | ETFIQ |
| Expense ratio | 0.65% | 485BPOS XBRL, Apr 30, 2026 |
| Cash paid, last 12 months, over today’s price | 5.4% | ETFIQ |
| Launched | Apr 30, 2026 | ETFIQ |

## Questions

### How much has BPI paid over the last year?

Over the period from its launch on Apr 30, 2026 to Sep 18, 2026, BPI paid 5.4% of its starting price in cash distributions, while the price fell 0.8%.

### Is BPI ahead of IBIT?

Over the period from its launch on Apr 30, 2026 to Sep 18, 2026, with every distribution reinvested, BPI returned +5.4% against +6.2% for Bitcoin (IBIT), so a holder was behind it by 0.8 points.

### How often does BPI pay, and how much?

BPI pays monthly. The latest distribution annualizes to 6.3% at its price on Sep 18, 2026, which is not a promise; the next one can differ.

### What does BPI cost?

The prospectus expense ratio is 0.65% a year.


## Cite this page

ETFIQ, BPI, data as of Sep 18, 2026. https://etfiq.com/funds/bpi
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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