NEOS Bitcoin High Income ETF (BTCI)

Funds & ETFs

The NEOS Bitcoin High Income ETF (BTCI) is a US ETF launched October 17, 2024, that seeks to generate high monthly income by writing covered calls on Bitcoin ETF positions. NEOS Investments is known for tax-efficient income strategies, and BTCI is structured to potentially benefit from favorable tax treatment on options income through the use of 1256 contracts. The fund holds spot Bitcoin ETFs and systematically sells call options against them.

Details

Aum: ~$60M
Type: Bitcoin Covered Call Income ETF
Issuer: NEOS Investments
Ticker: BTCI
Country: United States
Manager: NEOS Investments
Aum Date: March 2026
Exchange: NYSE Arca
Strategy: Bitcoin + covered call income overlay
Custodian: N/A — options-based, no physical BTC
Fund Type: Bitcoin Covered Call Income ETF
Structure: Bitcoin high income with covered calls
Jurisdiction: US
Expense Ratio: 0.98%
Launched Year: 2024
Bitcoin Direct: No
Inception Date: 2024-09-24
Management Fee: 0.68%
Exchange Listed: NYSE Arca
Bitcoin Exposure: indirect_spot_etf
Income Frequency: monthly
Options Strategy: covered_call
Physically Backed: No

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