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. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
BLOX has outpaced BTCI over the trailing twelve months, posting a -20.48% total return against -26.67%. Measured from Jun 2025 — the start of shared available history — BLOX has compounded at 9.60% a year versus -14.22% for BTCI. BTCI has been the steadier holding, though — annualized volatility of 40.6% against 57.9% 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.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of October 2, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “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.
Distribution rate and SEC yield
Metric
BLOX
BTCI
Forward distribution rate
36.54%
25.42%
Trailing 12-month yield
44.73%
29.88%
30-day SEC yield
—
1.35%
Total return (price change plus reinvested distributions) is the Total returns section above. A 30-day SEC yield can sit far from the headline distribution rate; both numbers are the fund's own published fields.
Seeks to provide current income and capital appreciation through exposure to crypto-related companies with an options strategy generating weekly income distributions.
Seeks to generate high monthly income with potential appreciation through bitcoin exposure.
Bottom lineChoose BLOX if you want a manager-selected mix of crypto equities and crypto ETP exposure. Choose BTCI if you want Bitcoin-focused option income and accept substantial price risk. Compare holdings and net total returns over matching dates. A distribution rate is not a return forecast, and historical beta is not a leverage target or a guarantee about future losses.
A crypto allocation versus Bitcoin-focused exposure
BLOX can combine crypto-industry equities with Bitcoin and Ether ETFs or ETPs and options. It is not solely a basket of crypto-related stocks. BTCI targets Bitcoin-linked exposure through ETPs and writes calls on Bitcoin futures ETFs for income. The mix of assets and option references matters more than which fund currently reports the larger distribution rate.
BLOX
BTCI
Approach
Crypto equities, Bitcoin/Ether ETPs, and options
Bitcoin ETP exposure and Bitcoin-futures-ETF calls
Risk review
Crypto, company, Ether, allocation, and option risks
Bitcoin volatility, futures/spot mismatch, and option risks
Expense ratio
0.99%
0.98%
Portfolio fit
Review combined holdings and weights
Review combined holdings and weights
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. BLOX and BTCI 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. BLOX and BTCI 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.
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.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
NEOS is known for developing specialized income-focused ETFs that employ strategies like covered calls, hedging, and enhanced yields across various asset classes. The firm manages 19 funds organized into nine distinct families, including offerings in equity high income, fixed income enhancement, digital assets, and alternative strategies, with popular tickers like SPYI (S&P 500 covered call), QQQI (Nasdaq-100 covered call), and QQQH (Nasdaq-100 hedged equity income). NEOS distinguishes itself in the ETF landscape through its emphasis on income generation and downside protection strategies rather than traditional growth approaches.
See our curated list of related YouTube videos on BTCI.
BLOX (Nicholas Crypto Income ETF) and BTCI (NEOS Bitcoin High Income ETF) are both dividend ETFs, but they take different approaches.
BLOX offers the higher yield at 36.54% vs 25.42% for BTCI. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
BTCI is cheaper with an expense ratio of 0.98% compared to 0.99%.
They have different reference exposures: BLOX is linked to Basket (Equity portfolio focused on crypto-related companies) while BTCI is linked to Bitcoin ETPs, which means their performance drivers differ.
BTCI is the larger fund by assets ($1.38B), but assets alone do not establish trading costs or liquidity.
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On a $10,000 investment, BLOX would generate roughly $70.27 cash per distribution, while BTCI would produce $211.83 cash per distribution, at current distribution rates.
BLOX yield36.54%
BTCI yield25.42%
Cash diff on $10K$141.56
Cost & efficiency
Over 10 years on $10,000, BLOX would cost approximately $990 in fees vs $980 for BTCI (simplified, not compounded). The $10.00 difference may be offset by yield or performance.
BLOX ER0.99%
BTCI ER0.98%
Strategy & risk
BLOX can combine crypto-industry equities with Bitcoin and Ether ETFs or ETPs and options. It is not solely a basket of crypto-related stocks. BTCI targets Bitcoin-linked exposure through ETPs and writes calls on Bitcoin futures ETFs for income. The mix of assets and option references matters more than which fund currently reports the larger distribution rate. Beta describes historical benchmark sensitivity, not guaranteed downside protection.
BLOX beta3.1121
BTCI beta1.48
Fund details
BLOX is managed by Nicholas Wealth Management (launched 06/17/2025) with $304M in assets. BTCI is managed by NEOS (launched 10/16/2024) with $1.38B in assets.
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Frequently asked questions
Does BTCI's lower payout make it a conservative alternative to BLOX?
No. A payout comparison does not measure downside protection or leverage. BLOX's allocation can include company and Ether exposures that BTCI does not target, while BTCI concentrates on Bitcoin-linked exposure. Check current holdings, option positions, spreads, and net total returns. Payment frequency does not tell you how often a manager trades options.
What is the difference between BLOX and BTCI?
BLOX (Nicholas Crypto Income ETF) runs a crypto income book. BTCI (NEOS Bitcoin High Income ETF) writes calls on bitcoin exposure. One is a basket; the other is bitcoin-linked. Cost is 0.99% versus 0.98%; size is $304M versus $1.38B. Distributions are 36.54% and 25.42% as of October 2026. Underlying asset, not headline yield, is the split.
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