Alternatives
Best BLOX Alternatives in 2026
Bitcoin and crypto income ETFs to consider alongside the Nicholas Crypto Income ETF.
Data updated September 2026 · 8 ETFs
Who this page is for
Best for
- BLOX holders comparing similar funds, fees, payouts, and strategy design
- Crypto investors deciding between spot-linked, futures, and option-income exposure
- Investors who will compare total return and NAV trend alongside distribution rate
Not a fit for
- Investors who cannot tolerate Bitcoin-driven volatility and potentially sharp drawdowns
- Anyone treating a current distribution rate as guaranteed future income
- Investors choosing from headline yield alone without reviewing the underlying exposure
Analysis
This category tracks Bitcoin- and crypto-equity-linked income strategies, spanning direct Bitcoin Strategy exposure (like BITO) and option-income overlays written on Bitcoin, MSTR, or COIN. YieldMax is the most represented issuer among the funds shown, with three entrants (MSTY, CONY, YBIT), while ProShares, NEOS, Roundhill Investments, Simplify ETFs, and Amplify ETFs each contribute a single fund.
AI-generated analysis — AI can make mistakes. Verify important information independently. Not investment advice. AI risk disclosure
Risks specific to this category
- Strategy mismatch: several funds on this list track a different index or use a different income mechanism than BLOX, so swapping into one changes the exposure — upside participation, payout cadence, and tax character can all shift, not just the ticker.
- Capped upside: covered-call and option-overlay funds in this group keep the option premium in a rally but surrender gains above the strike, so they can trail the very index they write options against.
- Distribution sustainability: the average distribution rate here is 37.9%, and payouts at that level often include return of capital — when distributions persistently exceed total return, NAV erodes and shrinks the base that generates future income.
- Single-name concentration: option-income funds built on one underlying stock inherit that company's full drawdown risk, and a sharp decline can overwhelm months of option premium.
- Concentration in one theme: most funds here focus on crypto, so the whole list tends to draw down together when that corner of the market falls out of favor — diversification across the table is lower than the fund count suggests.
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How these alternatives are selected
- Universe: a hand-curated peer set, split into close peers (5 here — same core exposure and same income mechanism, so a like-for-like swap) and broader substitutes (a different index, underlying asset, or income mechanism). Every fund is labelled in the Strategy fit column; BLOX itself is excluded.
- Eligibility: active ETFs only — liquidated, delisted, and renamed funds drop out automatically. Leveraged and inverse products are never listed: a daily-reset 2x or -1x fund is not an alternative to a long income position.
- Ranking: assets under management, used only as a fund-size ranking. Never ranked by yield — yields are shown as data, not used to order the list.
- Fit: how each fund's strategy differs from BLOX — and who each one suits — is covered in the strategy notes and FAQ below.
Top picks
Top 3 BLOX alternatives by assets under management.
Yield distribution
Expense ratio distribution
Income projection
Estimated income if the current average distribution rate of 37.90% held for a full year with share prices unchanged. Distribution rate is not total return—a fund can pay a large distribution while its share price falls—so treat these as an upper-bound illustration, not a forecast.
| Investment | Annual income | Monthly income | Weekly income |
|---|---|---|---|
| $10,000 | $3,790 | $316 | $73 |
| $25,000 | $9,476 | $790 | $182 |
| $50,000 | $18,951 | $1,579 | $364 |
| $100,000 | $37,902 | $3,159 | $729 |
Issuer breakdown
Distribution of ETFs by fund issuer, showing how concentrated or varied the sponsor lineup is.
All 8 ETFs
| Ticker | Name | Strategy fit | Issuer | Yield | Expense ratio | AUM | Frequency |
|---|---|---|---|---|---|---|---|
| BITO | ProShares Bitcoin Strategy ETF | Broader substitute | ProShares | 1.21% | 0.95% | $1.6B | Monthly |
| BTCI | NEOS Bitcoin High Income ETF | Close peer | NEOS | 26.27% | 0.98% | $1.3B | Monthly |
| MSTY | YieldMax MSTR Option Income Strategy ETF | Broader substitute | YieldMax | 75.73% | 1.03% | $959M | Weekly |
| CONY | YieldMax COIN Option Income Strategy ETF | Broader substitute | YieldMax | 74.61% | 1.04% | $340M | Weekly |
| YBTC | Roundhill Bitcoin Covered Call Strategy ETF | Close peer | Roundhill Investments | 29.59% | 0.95% | $134M | Weekly |
| YBIT | YieldMax Bitcoin Option Income Strategy ETF | Close peer | YieldMax | 67.86% | 1.02% | $46M | Weekly |
| MAXI | Simplify Bitcoin Strategy PLUS Income ETF | Close peer | Simplify ETFs | 4.11% | 1.31% | $33M | Monthly |
| BITY | Amplify Bitcoin 24% Premium Income ETF | Close peer | Amplify ETFs | 23.84% | 0.65% | $13M | Monthly |
Frequently asked questions
What are the best blox alternatives?
This page lists the top 8 ETFs in this category ranked by key metrics. The list includes funds from issuers like ProShares, NEOS, YieldMax, Roundhill Investments and more.
How often is this list updated?
The data on this page is refreshed regularly using the latest available distribution rates, expense ratios, and AUM figures. Last updated September 2026.
What is the average yield of these ETFs?
The average distribution yield across the 8 ETFs on this list is 37.90%. Individual yields range from 1.21% to 75.73%.
What is the closest alternative to BLOX?
BTCI and MAXI are close comparisons because they also pair Bitcoin-linked exposure with an income strategy. Their option implementation, fees, payout targets, and tax reporting differ from BLOX.
What should I compare when choosing a BLOX alternative?
Compare the source of crypto exposure, options coverage, futures roll costs, expense ratio, distribution composition, NAV trend, and total return across the same Bitcoin market cycle.
Does a higher-yielding BLOX alternative produce a better return?
Not necessarily. Distribution rate measures cash paid, not wealth created. Compare total return, NAV trend, fees, distribution composition, and the amount of upside surrendered by any options overlay.
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The metrics and risks behind this list, explained in the Academy.
From the blog
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