Grayscale Bitcoin Premium Income ETF (BPI)

Funds & ETFs

The Grayscale Bitcoin Premium Income ETF (NYSE Arca: BPI) is an actively managed income ETF launched alongside BTCC in April 2025. BPI uses option premium writing strategies on Bitcoin ETPs to generate income for investors seeking regular income distributions from Bitcoin exposure without direct spot Bitcoin ownership.

Details

Aum: ~$4.2M
Fee: ~0.66%
Type: Bitcoin Premium Income ETF
Issuer: Grayscale
Region: USA
Ticker: BPI
Country: United States
Manager: Grayscale Investments
Aum Date: January 2026
Strategy: Option premium writing on Bitcoin ETPs
Custodian: N/A — options on Bitcoin ETPs, no direct BTC
Fund Type: options_income_etf
Structure: Synthetic covered call strategy on Bitcoin ETPs; no direct spot Bitcoin
Derivatives: Yes
Launch Date: April 2, 2025
Expense Ratio: 0.55%
Inception Date: 2025-04-02
Management Fee: 0.50%
Exchange Listed: NYSE Arca
Physically Backed: No

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