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ETF Comparison

BTCI vs FBTC: Which Is the Better Pick in 2026?

A head-to-head comparison of NEOS Bitcoin High Income ETF and Fidelity Wise Origin Bitcoin Fund covering yield, cost, risk, and income potential.

Data updated July 15, 2026

ETFs19
Total AUM$28.5B

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.

ETFs82
Total AUM$191B

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

Fidelity Investments is a major player in the ETF space, known for offering a comprehensive range of funds across diverse investment strategies and asset classes. Their lineup of 67 ETFs spans allocation, bond, dividend, equity, factor-based, income, index, international, and sector-focused strategies, with notable offerings including their Fidelity Factor and Fidelity Yield Enhanced families designed to capture specific market premiums and enhance income generation. The issuer serves both broad market investors and those seeking specialized exposure, with popular tickers like FBTC (their Bitcoin ETF) and various dividend and income-focused funds catering to different investor objectives and risk profiles.

See our curated list of related YouTube videos on FBTC.

Side-by-side snapshot

BTCIFBTC
Full nameNEOS Bitcoin High Income ETFFidelity Wise Origin Bitcoin Fund
IssuerNEOSFidelity Investments
Last Close$29.13 as of July 15, 2026$56.22 as of July 15, 2026
Distribution yield26.90%0.00%
Distribution Safety Score 46
Expense ratio0.98%0.25%
AUM$1.09B$11.4B
Distribution frequencyMonthlyNone
Underlying indexBitcoin ETPs
ObjectiveSeeks to generate high monthly income with potential appreciation through bitcoin exposure.Bitcoin spot exposure through an exchange-traded bitcoin fund structure.
Asset classEquityCurrency
Inception date10/16/202401/10/2024
Beta1.67641.8779
Last dividend$0.6530
Ex-dividend date06/16/2026

Bottom lineChoose BTCI if you want to maximize current income — roughly 26.90%, generated by selling options premium. Choose FBTC if you want straightforward Bitcoin exposure for the long run. There's no free lunch: BTCI's payout comes from selling options, which caps upside and can erode the share price over time, while FBTC keeps full price exposure.

Income calculator

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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.

Quick verdict

BTCI (NEOS Bitcoin High Income ETF) and FBTC (Fidelity Wise Origin Bitcoin Fund) are both ETFs, but they take different approaches.

BTCI currently shows a 26.90% distribution yield. FBTC has not yet established a full distribution history, so a comparable yield figure is not available.

FBTC is cheaper with an expense ratio of 0.25% compared to 0.98%.

FBTC is the larger fund by assets ($11.4B), which generally means tighter spreads and better liquidity.

Who should choose each?

Choose BTCI

NEOS Bitcoin High Income ETF

  • Want to maximize current income — BTCI distributes roughly 26.90% from selling options premium, while FBTC makes no distribution.
  • Want crypto exposure that pays income rather than waiting on price alone.
  • Prefer lower volatility — a beta of 1.7 vs 1.9 for FBTC.

Choose FBTC

Fidelity Wise Origin Bitcoin Fund

  • Want straightforward Bitcoin exposure for long-term appreciation, not income.
  • Want to keep costs low — a 0.25% expense ratio vs 0.98% for BTCI.

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, BTCI would generate roughly $224.17/month, while FBTC has no reported distribution yield yet, so a monthly income estimate is not available, at current distribution rates.

BTCI yield26.90%
FBTC yield0.00%

Cost & efficiency

Over 10 years on $10,000, BTCI would cost approximately $980 in fees vs $250 for FBTC (simplified, not compounded). The $730.00 difference may be offset by yield or performance.

BTCI ER0.98%
FBTC ER0.25%

Strategy & risk

BTCI tracks Bitcoin ETPs with a crypto approach, while FBTC is an ETF. Beta is 1.6764 for BTCI and 1.8779 for FBTC, indicating BTCI is less volatile relative to the market.

BTCI beta1.6764
FBTC beta1.8779

Fund details

BTCI is managed by NEOS (launched 10/16/2024) with $1.09B in assets. FBTC is managed by Fidelity Investments (launched 01/10/2024) with $11.4B in assets.

BTCI AUM$1.09B
FBTC AUM$11.4B

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Frequently asked questions

Which of BTCI or FBTC pays more dividend income?

BTCI currently reports a distribution yield, while FBTC has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.

What is the difference between BTCI and FBTC?

BTCI (NEOS Bitcoin High Income ETF) tracks Bitcoin ETPs with a crypto approach, while FBTC (Fidelity Wise Origin Bitcoin Fund) is an ETF. They are issued by NEOS and Fidelity Investments respectively.

Can I hold both BTCI and FBTC?

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.

Which has lower fees, BTCI or FBTC?

BTCI has an expense ratio of 0.98% while FBTC charges 0.25%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in BTCI vs FBTC generate?

At current rates, $10,000 in BTCI would generate roughly $224.17 per month ($2,690.00 annually). FBTC has not established a distribution history yet, so a monthly income estimate is not available.

More comparisons to explore

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