ETF Comparison
BTCI vs BITO: Which Is the Better Pick in 2026?
A head-to-head comparison of NEOS Bitcoin High Income ETF and ProShares Bitcoin Strategy ETF covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| BTCI | BITO | |
|---|---|---|
| Full name | NEOS Bitcoin High Income ETF | ProShares Bitcoin Strategy ETF |
| Issuer | NEOS | ProShares |
| Price | $32.81 | $9.36 |
| Distribution yield | 27.80% | 94.83% |
| Expense ratio | 0.98% | 0.95% |
| AUM | $834M | $1.8B |
| Distribution frequency | Monthly | Monthly |
| Underlying index | Bitcoin ETPs | Bitcoin Futures |
| Objective | Seeks to generate high monthly income with potential appreciation through bitcoin exposure. | Futures-Based |
| Asset class | Equity | Equity |
| Inception date | 10/16/2024 | 10/18/2021 |
| Beta | — | 0.0 |
| Last dividend | $0.78 | $0.01 |
| Ex-dividend date | 03/18/2026 | 04/01/2026 |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
BTCI (NEOS Bitcoin High Income ETF) and BITO (ProShares Bitcoin Strategy ETF) are both popular monthly-pay seeks to generate high monthly income with potential appreciation through bitcoin exposure. ETFs, but they take different approaches.
BITO offers the higher yield at 94.83% vs 27.80% for BTCI. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
BITO is cheaper with an expense ratio of 0.95% compared to 0.98%.
They track different benchmarks: BTCI is linked to Bitcoin ETPs while BITO tracks Bitcoin Futures, which means their performance drivers differ.
BITO is the larger fund by assets ($1.8B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, BTCI would generate roughly $231.67/month while BITO would produce $790.25/month at current distribution rates. Both pay monthly distributions.
Cost & efficiency
Over 10 years on $10,000, BTCI would cost approximately $980 in fees vs $950 for BITO (simplified, not compounded). The $30.00 difference may be offset by yield or performance.
Strategy & risk
BTCI tracks Bitcoin ETPs with a seeks to generate high monthly income with potential appreciation through bitcoin exposure. approach, while BITO tracks Bitcoin Futures using a futures-based strategy.
Fund details
BTCI is managed by NEOS (launched 10/16/2024) with $834M in assets. BITO is managed by ProShares (launched 10/18/2021) with $1.8B in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is BTCI or BITO better for dividend income?
It depends on your goals. BITO currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between BTCI and BITO?
BTCI (NEOS Bitcoin High Income ETF) tracks Bitcoin ETPs with a seeks to generate high monthly income with potential appreciation through bitcoin exposure. strategy, while BITO (ProShares Bitcoin Strategy ETF) tracks Bitcoin Futures with a futures-based approach. They are issued by NEOS and ProShares respectively.
Can I hold both BTCI and BITO?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, BTCI or BITO?
BTCI has an expense ratio of 0.98% while BITO charges 0.95%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in BTCI vs BITO generate?
At current yields, $10,000 in BTCI would generate roughly $231.67 per month ($2,780.00 annually). The same in BITO would produce about $790.25 per month ($9,483.00 annually).
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