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ETF Comparison

BITY vs BLOX: Which Is the Better Pick in 2026?

A head-to-head comparison of Amplify Bitcoin 24% Premium Income ETF and Nicholas Crypto Income ETF covering yield, cost, risk, and income potential.

Data updated September 21, 2026

Best for

  • BITYInvestors who want crypto exposure that pays you along the way, not just price gains.
  • BLOXInvestors who want to maximize current income — roughly 31.79%, generated by selling options premium.

Jump to the side-by-side numbers

Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings.

BITY has lagged BLOX over the trailing twelve months, posting a -33.59% total return against -10.92%. Measured from Jun 2025 — the start of shared available history — BLOX has compounded at 15.86% a year versus -22.97% for BITY. BITY has been the steadier holding, though — annualized volatility of 42.4% against 58.5% for BLOX. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
SymbolYTD1YSince Jun 2025Volatility Sharpe Sortino Max drawdown
BITY-14.21%-33.59%-22.97%42.4%-1.08-1.44-50.8%
BLOX3.23%-10.92%15.86%58.5%-0.28-0.38-47.1%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 21, 2026. YTD and 1Y are cumulative; windows of one year or longer are annualized. “Since Jun 2025” measures every fund from June 17, 2025 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricBITYBLOX
Full nameAmplify Bitcoin 24% Premium Income ETFNicholas Crypto Income ETF
IssuerAmplify ETFsNicholas Wealth Management
Underlying indexBitcoinBasket (Equity portfolio focused on crypto-related companies)
Last Close$29.16 as of September 21, 2026$14.82 as of September 21, 2026
Distribution rate23.33%31.79%
Distribution Safety Score™ 4142
Safety-Adjusted Yield 9.57%13.35%
Expense ratio0.65%0.99%
AUM$13.7M$314M
Distribution frequencyMonthlyWeekly
ObjectiveSeeks to provide monthly income with Bitcoin exposure through a premium income strategy targeting approximately 24% annual distribution while maintaining potential for capital appreciation.Seeks to provide current income and capital appreciation through exposure to crypto-related companies with an options strategy generating weekly income distributions.
Asset classEquityEquity
Inception date04/29/202506/17/2025
Beta1.78933.1121
Last dividend$0.567$0.0906 payable today
Ex-dividend date08/28/202609/18/2026

Bottom lineChoose BITY if you want crypto exposure that pays you along the way, not just price gains. Choose BLOX if you want to maximize current income — roughly 31.79%, generated by selling options premium. BITY and BLOX both use option or derivative overlays. Their tradeoff is the underlying exposure, how each option strategy is implemented, and the yield each targets; either overlay can limit upside participation, so neither offers uncapped price exposure.

How the risk works

Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.

  • Capped upside and premium dependence. BITY and BLOX generate income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.
  • Crypto volatility. BITY and BLOX sit on top of crypto-asset prices, which routinely swing far more than equities. A single drawdown can exceed a year of distributions, so income projections deserve extra skepticism here.

Learn the mechanics: Return of capital, explained · NAV erosion, explained

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Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

Amplify ETFs
ETFs46
Total AUM$16.7B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Amplify ETFs is known for offering specialized, thematic investment solutions across diverse market segments including digital assets, commodities, and dividend strategies. The issuer's lineup spans multiple fund families covering income-focused strategies, covered call approaches, commodity exposure, and thematic sectors such as cybersecurity, blockchain, gaming, and sustainable investing. Notable for tickers like BLOK (blockchain), HACK (cybersecurity), and DIVO (dividend), Amplify combines traditional income strategies with alternative themes and emerging asset classes, appealing to investors seeking both yield and exposure to innovation-driven sectors.

See our curated list of related YouTube videos on BITY.

See all Amplify ETFs ETFs
Nicholas Wealth Management
ETFs14
Total AUM$716M

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Nicholas Wealth Management is known for offering specialized ETFs across digital assets, income generation, and thematic investing strategies. Their fund lineup spans emerging asset classes including cryptocurrency and blockchain exposure, traditional income-focused strategies, and sector-specific themes ranging from nuclear energy to nightlife, appealing to investors seeking both alternative investments and targeted sector exposure. The issuer maintains a focused but diversified portfolio of tickers that caters to both conventional income seekers and those pursuing niche, forward-looking investment themes.

See our curated list of related YouTube videos on BLOX.

See all Nicholas Wealth Management ETFs

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Quick verdict

BITY (Amplify Bitcoin 24% Premium Income ETF) and BLOX (Nicholas Crypto Income ETF) are both dividend ETFs, but they take different approaches.

BLOX offers the higher yield at 31.79% vs 23.33% for BITY. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

BITY is cheaper with an expense ratio of 0.65% compared to 0.99%.

They have different reference exposures: BITY is linked to Bitcoin while BLOX is linked to Basket (Equity portfolio focused on crypto-related companies), which means their performance drivers differ.

BLOX is the larger fund by assets ($314M), but assets alone do not establish trading costs or liquidity.

Who should choose each?

Choose BITY

Amplify Bitcoin 24% Premium Income ETF

  • Want crypto exposure that pays income rather than waiting on price alone.
  • Want to keep costs low — a 0.65% expense ratio vs 0.99% for BLOX.
  • Prefer lower volatility — a beta of 1.8 vs 3.1 for BLOX.

Choose BLOX

Nicholas Crypto Income ETF

  • Want to maximize current income — BLOX distributes roughly 31.79% from selling options premium, vs 23.33% for BITY.
  • Want crypto exposure that pays income rather than waiting on price alone.

Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.

Deep dive

Yield & income

On a $10,000 investment, BITY would generate roughly $194.42/month, while BLOX would produce $264.92/month, at current distribution rates.

BITY yield23.33%
BLOX yield31.79%
Monthly diff on $10K$70.50

Cost & efficiency

Over 10 years on $10,000, BITY would cost approximately $650 in fees vs $990 for BLOX (simplified, not compounded). The $340.00 difference may be offset by yield or performance.

BITY ER0.65%
BLOX ER0.99%

Strategy & risk

BITY tracks Bitcoin with a covered call approach, while BLOX tracks Basket (Equity portfolio focused on crypto-related companies) with an options approach. Beta is 1.7893 for BITY and 3.1121 for BLOX, making BITY the less volatile of the two by this measure.

BITY beta1.7893
BLOX beta3.1121

Fund details

BITY is managed by Amplify ETFs (launched 04/29/2025) with $13.7M in assets. BLOX is managed by Nicholas Wealth Management (launched 06/17/2025) with $314M in assets.

BITY AUM$13.7M
BLOX AUM$314M
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Frequently asked questions

What is the current distribution rate for BITY and BLOX?

BITY currently distributes 23.33% and BLOX 31.79%, based on fund data updated September 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is BITY or BLOX better for dividend income?

It depends on your goals. BLOX 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 BITY and BLOX?

BITY (Amplify Bitcoin 24% Premium Income ETF) tracks Bitcoin with a covered call approach, while BLOX (Nicholas Crypto Income ETF) tracks Basket (Equity portfolio focused on crypto-related companies) with an options approach. They are issued by Amplify ETFs and Nicholas Wealth Management respectively.

Can I hold both BITY and BLOX?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Is BITY or BLOX safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — they are effectively tied: BLOX scores 42, BITY scores 41. Neither has a clear safety edge on that measure. BITY has also shown lower price volatility (beta 1.79 vs 3.11 for BLOX). No score makes an investment risk-free — treat this as a screening signal, not a guarantee, and the leverage, options-income, or crypto caveats flagged on this page apply regardless of score.

Which has lower fees, BITY or BLOX?

BITY has an expense ratio of 0.65% while BLOX charges 0.99%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in BITY vs BLOX generate?

At current rates, $10,000 in BITY would generate roughly $194.42 per month ($2,333.00 annually). The same in BLOX would produce about $264.92 per month ($3,179.00 annually).

Which has performed better historically, BITY or BLOX?

BITY has lagged BLOX over the trailing twelve months, posting a -33.59% total return against -10.92%. Measured from Jun 2025 — the start of shared available history — BLOX has compounded at 15.86% a year versus -22.97% for BITY. BITY has been the steadier holding, though — annualized volatility of 42.4% against 58.5% for BLOX. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

BITY vs BLOX — at a glance

Generated September 20, 2026.

Overview

BITY and BLOX are cryptocurrency-focused income ETFs using options strategies to generate high distributions, but they differ fundamentally in their underlying exposure and income mechanics. BLOX holds a basket of crypto-related equities and targets 31.79% through a weekly options strategy on those holdings. That distinction cascades into different volatility profiles — BITY has a beta of 1.7893, while BLOX carries 3.1121, making BLOX considerably more sensitive to broader equity-market swings on top of crypto-sector moves.

Distribution frequency and yield differ sharply too. That extra income flow in BLOX comes with higher expense drag (0.99% vs. 0.65%) and much larger AUM ($314M vs.

Both use covered calls to fund distributions, but BITY's inception date is 04/29/2025 and BLOX's is 06/17/2025 — both are very new, so there's minimal real-world performance history for either fund under live market conditions.

Who each is best for

  • BITY: Fits investors who want direct Bitcoin exposure paired with monthly income, and can tolerate single-asset concentration and the volatility of a cryptocurrency-only holding.
  • BLOX: Fits investors seeking crypto-sector participation through diversified equity holdings, prefer weekly distributions to monthly ones, and accept higher beta as a tradeoff for broader holdings exposure.

Key risks to know

  • NAV erosion at extreme distribution yields. Both funds distribute far more than underlying assets typically generate in returns. This erodes NAV over time unless the underlying assets appreciate sharply enough to offset the payout stream.
  • Covered-call cap risk. By selling calls to fund distributions, both funds cap upside when Bitcoin or crypto equities rally. If a held position surges, the fund's shares get called away at the strike price, locking in gains and missing further appreciation for shareholders.
  • Single-asset vs. sector concentration. BITY holds only Bitcoin, exposing you entirely to one asset's price and regulatory fate. BLOX diversifies across crypto-related companies but still concentrates in a single volatile sector, sharing regulatory and adoption risks with BITY.
  • Extreme beta and volatility. BLOX's beta of 3.1121 means it swings more than three times as hard as the equity market; BITY's 1.7893 suggests similar extreme sensitivity. Both are suitable only for investors comfortable with pronounced drawdowns.
  • Very recent inception and limited track record. Both funds launched recently (04/29/2025 and 06/17/2025). Neither has weathered a full market cycle or stress test, so distributions and price behavior under real volatility remain untested. Both offer yields that require ongoing NAV erosion to sustain, so the question isn't which generates more income — it's whether either fund's principal decay matches your time horizon and risk appetite. Past performance does not predict future results.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

Learn the method

The metrics behind this comparison, explained in the Academy.

How covered-call funds work How to read a fund's stats The covered-call opportunity cost

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