Best BLOX Alternatives in 2026

The BLOX alternatives category comprises eight crypto-linked income ETFs that pair exposure to Bitcoin or crypto-adjacent equities (like MicroStrategy and Coinbase) with options-based income strategies. YieldMax is the most represented issuer in the top 10 shown here, with three funds (MSTY, CONY, YBIT), while ProShares, NEOS, Roundhill Investments, Simplify ETFs, and Amplify ETFs each contribute one fund. The category splits into two distribution cadences — Monthly and Weekly — with weekly-pay funds generally clustering toward higher yields in this dataset, reflecting the more aggressive covered-call or options-overlay approaches typical of the YieldMax and Roundhill lineups.

• 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 33.1%, 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.

• 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.