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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 Tidal Trust II - Nicholas Crypto Income ETF covering yield, cost, risk, and income potential.

Data updated August 13, 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 36.95%, generated by selling options premium.

Jump to the side-by-side numbers

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 ETFTidal Trust II - Nicholas Crypto Income ETF
IssuerAmplify ETFsNicholas Wealth Management
Last Close$25.22 as of August 13, 2026$13.27 as of August 13, 2026
Distribution yield24.60%36.95%
Distribution Safety Score™ 4145
Expense ratio0.65%0.99%
AUM$12.2M$275M
Distribution frequencyMonthlyWeekly
Underlying indexBitcoinBasket (Equity portfolio focused on crypto-related companies)
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$0.5170$0.0943
Ex-dividend date07/30/202608/07/2026

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 36.95%, generated by selling options premium. There's no free lunch: BLOX's payout comes from selling options, which caps upside and can erode the share price over time, while BITY keeps full 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
ETFs42
Total AUM$16.3B

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
ETFs12
Total AUM$610M

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

Nicholas Wealth Management operates a focused lineup of 10 ETFs that emphasize digital assets, income generation, and thematic investing strategies. The issuer's portfolio includes specialized funds targeting sectors such as blockchain (BLOX), precious metals (GLDN, SLVX), nuclear energy (NUKX), and digital finance (FIAX), alongside income-focused offerings. This niche positioning reflects the firm's focus on alternative and emerging investment themes rather than broad market exposure.

See our curated list of related YouTube videos on BLOX.

See all Nicholas Wealth Management ETFs

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Visual comparison

Key metrics

Projected income on $10K

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

Total returns

BITY has lagged BLOX over the trailing twelve months, posting a -45.96% total return against -15.03%. Measured from Jun 2025 — when the younger fund began trading — BLOX has compounded at 3.08% a year versus -34.88% for BITY. BITY has been the steadier holding, though — annualized volatility of 41.6% against 56.9% 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-27.25%-45.96%-34.88%41.6%-1.59-2.05-50.9%
BLOX-11.22%-15.03%3.08%56.9%-0.37-0.50-47.1%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of August 12, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jun 2025” measures every fund from June 17, 2025 — the youngest fund's first trading day — 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.

Quick verdict

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

BLOX offers the higher yield at 36.95% vs 24.60% 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 track different benchmarks: BITY is linked to Bitcoin while BLOX tracks Basket (Equity portfolio focused on crypto-related companies), which means their performance drivers differ.

BLOX is the larger fund by assets ($275M), which generally means tighter spreads and better 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

Tidal Trust II - Nicholas Crypto Income ETF

  • Want to maximize current income — BLOX distributes roughly 36.95% from selling options premium, vs 24.60% 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 $205.00/month, while BLOX would produce $307.92/month, at current distribution rates.

BITY yield24.60%
BLOX yield36.95%
Monthly diff on $10K$102.92

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, indicating BITY is less volatile relative to the market.

BITY beta1.7893
BLOX beta3.1121

Fund details

BITY is managed by Amplify ETFs (launched 04/29/2025) with $12.2M in assets. BLOX is managed by Nicholas Wealth Management (launched 06/17/2025) with $275M in assets.

BITY AUM$12.2M
BLOX AUM$275M
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Frequently asked questions

What is the current distribution yield for BITY and BLOX?

BITY currently distributes 24.60% and BLOX 36.95%, based on fund data updated August 2026. Distribution yield 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 (Tidal Trust II - 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 — BLOX scores 45, BITY scores 41, so BLOX's payout currently looks the more resilient of the two. 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 $205.00 per month ($2,460.00 annually). The same in BLOX would produce about $307.92 per month ($3,695.00 annually).

Which has performed better historically, BITY or BLOX?

BITY has lagged BLOX over the trailing twelve months, posting a -45.96% total return against -15.03%. Measured from Jun 2025 — when the younger fund began trading — BLOX has compounded at 3.08% a year versus -34.88% for BITY. BITY has been the steadier holding, though — annualized volatility of 41.6% against 56.9% 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 August 9, 2026.

Figures quoted in this analysis are from its generation date and may lag the live snapshot table above, which always shows the latest data.

Overview

BITY and BLOX are both cryptocurrency-focused income ETFs using options strategies to generate high monthly or weekly distributions, but they differ fundamentally in underlying exposure and strategy mechanics. BITY holds Bitcoin directly and writes covered calls on it to target a 24% yield; BLOX holds a diversified basket of crypto-related equities and employs a broader options strategy to target a 38% yield. Both are recent launches designed for investors seeking current income from digital-asset exposure rather than long-term capital appreciation.

How they differ

The single biggest difference is underlying exposure: BITY is a direct Bitcoin play, while BLOX holds equity securities of crypto-focused companies—a materially different risk profile. BITY's 23.92% distribution rate comes from Bitcoin-backed covered calls written monthly; BLOX's 37.58% rate comes from weekly options income on an equity portfolio, meaning BLOX is distributing at a much higher percentage of its net asset value and drawing down capital more aggressively. BLOX's beta of 3.11 versus BITY's 1.79 reflects both the higher leverage in its options strategy and its equity-portfolio construction; BITY's direct Bitcoin exposure should track closer to Bitcoin's own volatility. BLOX is also substantially larger, with $280M in AUM versus BITY's $12.4M, and charges a higher expense ratio of 0.99% compared to BITY's 0.65%.

Who each is best for

  • BITY: Fits investors seeking pure Bitcoin income exposure who want monthly cash flow and accept that covered calls will cap upside appreciation during strong Bitcoin rallies.
  • BLOX: Fits investors who want cryptocurrency sector exposure without direct Bitcoin or Ethereum holdings, are comfortable with weekly income timing, and prioritize maximum near-term yield despite faster NAV decay risk.

Key risks to know

  • NAV erosion at extreme distribution yields: BLOX's 37.58% annualized distribution rate means the fund is likely paying out capital in excess of the underlying equity portfolio's earnings and options premium, accelerating NAV decline over time. BITY's 23.92% rate, while still high, is closer to the premium income a Bitcoin options strategy can sustainably generate month-to-month.
  • Crypto-related equity risk distinct from Bitcoin: BLOX's basket of crypto companies introduces business, regulatory, and technology risk separate from cryptocurrency price risk. A Bitcoin price rally may not lift BLOX as much as BITY; conversely, a crypto crash coupled with equity-market stress could drive BLOX down faster due to its higher beta of 3.11.
  • Options-writing assignment and roll risk: Both funds write options; BITY's covered calls on Bitcoin may result in Bitcoin being called away at the strike price, forcing reinvestment at higher prices. BLOX's weekly distribution cadence means more frequent rolling and rebalancing of its options position, increasing execution risk and bid-ask slippage.
  • Concentration and liquidity in small fund (BITY): At $12.4M AUM, BITY has limited scale, which may make it harder to trade large positions without moving the price and may lead to higher effective costs if inflows or outflows force rapid rebalancing.
  • Beta and volatility amplification: BLOX's beta of 3.11 means it will swing roughly three times as hard as the broad market, exacerbating losses if crypto equities sell off sharply alongside a market correction.

Bottom line

BITY offers direct Bitcoin income at a more moderate distribution rate; BLOX chases higher current yield from a diversified crypto-equity portfolio but at significantly higher NAV erosion risk and volatility. If you want pure Bitcoin exposure with sustainable monthly income, BITY's structure aligns better; if you prefer diversified crypto-sector participation and can tolerate rapid capital drawdown for maximum near-term payouts, BLOX's higher yield and larger size may appeal. Neither fund's track record extends far enough to validate whether these distribution rates can persist; 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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