Dividend comparison

BTCI vs BLOX: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for NEOS Bitcoin High Income ETF and Nicholas Crypto Income ETF, side by side. Updated October 21, 2026.

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BTCI vs BLOX: key differences
The short answer, from the latest data on this page.
  • Fees. Both charge about 0.99% a year, so cost is not what separates them.
  • Income. BLOX pays more income, yielding 51.19% over the last twelve months versus 30.36% for BTCI. That is about $2,084 more a year on $10,000. BTCI pays monthly, BLOX pays weekly.
  • Performance. Over the last 1 year, BTCI returned -39.6% versus -53.0% for BLOX, with dividends reinvested. $10,000 would have grown to $6,041 in BTCI and $4,701 in BLOX.
  • Risk. Their worst declines over the last 1 year were similar: -55.9% for BTCI and -56.3% for BLOX from peak to trough.
  • Size. BTCI is the larger fund with $1.4 billion in assets, against $259 million for BLOX.

Bottom line: BTCI fits better if you care most about stronger 1-year returns. BLOX fits better if you care most about more income today.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricBTCI
NEOS Bitcoin High Income ETF
BLOX
Nicholas Crypto Income ETF
Dividend yield (TTM)30.36%51.19%
Dividend / share (TTM)$10.14$5.93
Payout frequencyMonthlyWeekly
Last dividend$0.7180 on Sep 18, 2026$0.0878 on Oct 19, 2026
Ex-dividend dateSep 16, 2026Oct 16, 2026
Price$33.39$11.73
Beta1.422.96
Max drawdown (5Y)-55.9%-56.3%
Market cap$1.41B$13.4M
ExchangeCBOEAMEX
Expense ratio0.99%0.99%
Assets under management$1.42B$259.2M
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

BTCI

$252.97/mo

$3036 /yr at 30.36% yield

BLOX

$426.60/mo

$5119 /yr at 51.19% yield

Dividend history
Total dividends paid per share in each calendar year. BTCI pays monthly; BLOX pays weekly.
YearBTCIBLOX
2025$16.0521—
Strategy: Crypto-linked income
The most aggressive category on the site: funds that take exposure to bitcoin or a crypto-linked stock, usually through options or futures rather than by owning the asset, and sell calls against it to generate large distributions. Extreme implied volatility is what funds the payout, and the same volatility is what makes the exposure underneath unpredictable. Fees are around 1% a year and the exposure is often synthetic, so what you own is a set of derivative contracts, not the asset itself.

Distributions vary sharply, have included return of capital, and upside is capped while downside is not, so net asset value can fall a long way even in periods when the payments keep arriving.

What BTCI vs BLOX actually do

BTCI
A NEOS fund that holds spot bitcoin exchange-traded products and writes call options against that exposure for monthly income.

Rather than owning bitcoin or futures directly, it holds spot bitcoin ETPs such as IBIT and HODL, then sells calls on bitcoin-related funds to collect premium. Bitcoin's implied volatility is extreme by equity standards, so the premium collected and the resulting distributions are very large, and so is the amount of upside handed over when bitcoin runs. Fees are around 1% a year, which is high in absolute terms though normal for this category.

Suits someone who already wants bitcoin exposure and would rather convert its volatility into monthly cash than wait for appreciation. Entirely unsuitable as a core income holding: the underlying asset can halve, the distribution is not contractual, and the call overlay removes exactly the upside that justifies owning bitcoin in the first place.

Speculative income, very high volatility

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Jun 17, 2025 would now be worth $6,460 in BTCI and $7,020 in BLOX.
PeriodBTCIBLOX
1 month1.77%-18.54%
3 months15.34%-9.56%
Year to date-24.15%-32.51%
1 year-39.59%-52.99%
3 years——
5 years——
  • BTCI
  • BLOX
44104163202520266570

Both series indexed to 100 on 2025-06-17 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • BTCI
  • BLOX
0%16%32%48%64%Financial Services64.4%Technology35.6%

Quick verdict

BTCI fits better if you care most about stronger 1-year returns. BLOX fits better if you care most about more income today. Model the holding inside your real portfolio before deciding.

Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how BTCI vs BLOX fits with the rest of your holdings. Free to start — no credit card required for the trial.
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Frequently asked questions

Is BTCI or BLOX better for dividend income?
It depends on your goals. BTCI currently yields 30.36% Trailing Twelve Months (TTM) while BLOX yields 51.19%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between BTCI and BLOX?
NEOS Bitcoin High Income ETF (BTCI) is an ETF listed on CBOE. Nicholas Crypto Income ETF (BLOX) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, BTCI or BLOX?
They cost about the same: BTCI charges 0.99% a year and BLOX charges 0.99%.
Which has performed better, BTCI or BLOX?
Over the last 1 year, BTCI has the higher total return with dividends reinvested: BTCI returned -39.6% and BLOX returned -53.0%. Past performance does not predict future returns.
Which is riskier, BTCI or BLOX?
Measured by the worst peak-to-trough decline over the last five years, BLOX has been riskier: BTCI fell as much as 55.9% and BLOX as much as 56.3%. Their betas are 1.42 and 2.96.
How often do BTCI and BLOX pay dividends?
BTCI pays monthly and BLOX pays weekly.
How much income does $10,000 in BTCI vs BLOX generate?
At current TTM yields, $10,000 in BTCI would generate roughly $252.97 per month ($3036 annually). The same amount in BLOX would produce about $426.60 per month ($5119 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both BTCI and BLOX?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare BTCI vs BLOX with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how BTCI and BLOX fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.