BPI ETF — Grayscale Bitcoin Premium Income ETF
Grayscale Bitcoin Premium Income ETF (BPI)
Updated October 12, 2026.
BPI is an ETF linked to Bitcoin. its distribution rate is 25.32%, its trailing-12-month yield is 20.29%, its expense ratio is 0.65%. Dividend Vision Distribution Safety Score™ is 1/100 (High risk). Total return is -3.9% over the past 1.5 years, 1.3 points ahead of IBIT at -5.2%.
BPI dividend yield and income
Price as of 2026-10-12.
The distribution rate (25.32%) uses calculation basis unavailable. Trailing-12-month yield (20.29%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.25. The ex-dividend date is 09/29/2026. The payment date is 09/30/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-29 | $0.25 | 90.8% Unclassified cash |
| 2026-09-14 | $0.131 | -38.5% Unclassified cash |
| 2026-08-28 | $0.213 | 142.0% Unclassified cash |
| 2026-08-13 | $0.088 | 27.5% Unclassified cash |
| 2026-07-30 | $0.069 | -59.4% Unclassified cash |
| 2026-07-14 | $0.17 | 11.1% Unclassified cash |
| 2026-06-29 | $0.153 | -28.2% Unclassified cash |
| 2026-06-12 | $0.213 | 45.9% Unclassified cash |
| 2026-05-28 | $0.146 | -19.8% Unclassified cash |
| 2026-05-14 | $0.182 | 0.0% Unclassified cash |
| 2026-04-29 | $0.182 | 20.5% Unclassified cash |
| 2026-04-14 | $0.151 | -35.7% Unclassified cash |
| 2026-03-30 | $0.235 | 0.0% Unclassified cash |
| 2026-03-12 | $0.235 | 88.0% Unclassified cash |
| 2026-02-26 | $0.125 | -59.4% Unclassified cash |
| 2026-02-12 | $0.308 | 113.9% Unclassified cash |
| 2026-01-29 | $0.144 | -37.9% Unclassified cash |
| 2026-01-14 | $0.232 | -13.1% Unclassified cash |
| 2025-12-29 | $0.267 | 13.6% Unclassified cash |
| 2025-12-12 | $0.235 | 0.9% Unclassified cash |
| 2025-11-26 | $0.233 | -47.8% Unclassified cash |
| 2025-11-13 | $0.446 | 8.5% Unclassified cash |
| 2025-10-29 | $0.411 | 5.7% Unclassified cash |
| 2025-10-14 | $0.389 | 15.4% Unclassified cash |
| 2025-09-29 | $0.337 | 0.0% Unclassified cash |
| 2025-09-12 | $0.337 | -46.9% Unclassified cash |
| 2025-08-28 | $0.635 | 164.6% Unclassified cash |
| 2025-08-14 | $0.24 | -73.1% Unclassified cash |
| 2025-07-23 | $0.892 | 37.2% Unclassified cash |
| 2025-06-25 | $0.65 | 78.6% Unclassified cash |
| 2025-05-21 | $0.364 | -24.6% Unclassified cash |
| 2025-04-30 | $0.483 | — |
| 2025 total (partial launch year) | $5.919 | — |
| 2026 YTD total | $3.227 | — |
BPI dividend growth
| Window | Change |
|---|---|
| 3Y | 0.0% |
| 5Y | 0.0% |
BPI holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: IBIT (physical holdings below may be collateral and options, not the reference asset itself).
BPI performance versus IBIT
Price and return data through 2026-10-12.
Total return is -3.9% over the past 1.5 years, 1.3 points ahead of IBIT at -5.2%. Over the past year its total return — price change plus distributions reinvested — is -25.7%. Its deepest 1-year drawdown was 46.3%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 6.9% | — |
| 3M | 28.1% | — |
| 6M | 13.8% | — |
| YTD | -2.6% | — |
| 1Y | -25.7% | — |
| Since inception (1.5 years) | -3.9% | -2.60% |
BPI key facts
- Distribution Safety Score™
- 1 · High risk
- Safety-Adjusted Yield
- 0.25%
- Issuer
- Grayscale Investments
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 04/02/2025
- Expense ratio
- 0.65%
- Distribution rate
- 25.32%
- Distribution frequency
- Biweekly
- Trailing yield
- 20.29%
- Last close
- $25.67 (stale; as of 2026-10-12)
- AUM
- $2,606,516
- Average volume
- 435.0
- Dividend
- $0.25
- Ex-dividend date
- 09/29/2026
- Payment date
- 09/30/2026
- Beta
- 1.7064
How Dividend Vision calculates yield and returns
Distribution rate (25.32%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (20.29%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Grayscale Investments or company page; Index: Bitcoin; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
BPI risks and drawbacks
The deepest 1-year drawdown on record here is 46.3%.
Frequently asked questions
Does BPI pay monthly?
No. BPI currently pays biweekly, not monthly.
What is BPI linked to?
BPI is linked to Bitcoin, not a broad market index.
What is BPI's expense ratio?
BPI's expense ratio is 0.65%.
What is BPI's dividend yield?
BPI's distribution rate is 25.32%, paid biweekly, with a 0.65% expense ratio — calculation basis unavailable.
When does BPI pay a dividend?
BPI pays biweekly. The dividend amount is $0.25. The ex-dividend date is 09/29/2026. The payment date is 09/30/2026.
How has BPI performed?
Total return is -3.9% over the past 1.5 years, 1.3 points ahead of IBIT at -5.2%. Over the past year its total return — price change plus distributions reinvested — is -25.7%. Its deepest 1-year drawdown was 46.3%.
Is BPI a good investment?
BPI's Dividend Vision Distribution Safety Score is 1 (High risk). That is a risk signal, not investment advice. Its distribution rate is 25.32% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
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