NEOS Bitcoin High Income ETF

BTCI

Market cap $866M

Following a brutal October and a mostly turbulent November, bitcoin found some relief during Thanksgiving Week, rising about 7%. That could be the start of a more substantial rebound.

WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces November monthly distribution amounts for their suite of ETFs that pursue monthly income and tax efficiency across core portfolio exposures.

BTCI offers a unique structure, blending 20% Bitcoin exposure with 80% US Treasury bonds and options strategies. BTCI aims for high, stable income (38.38% yield), but limits upside in strong Bitcoin bull markets due to its covered call approach. BTCI's performance outpaces similar ETFs in 2025, yet its dividend yield trails competitors like YBTC and YBIT, and recent payouts are declining.

NEOS Bitcoin High Income ETF offers direct Bitcoin exposure with an option-writing strategy to generate high monthly income, currently yielding about 28.3%. BTCI is best suited for investors seeking to harness Bitcoin's volatility for income, rather than those aiming for maximum upside from BTC appreciation. BTCI's performance will likely lag Bitcoin in strong rallies but can outperform during choppy or flat markets due to steady payouts from its options strategy.

November's top monthly pay (MoPay) dividend stocks offer high yields, with most generating annual dividends from a $1,000 investment exceeding their share price. Analyst estimates suggest the top ten MoPay equities could deliver 21.58% to 86.54% total returns by November 2026, though risks and volatility remain elevated. Twenty MoPay stocks are identified as "safer" picks, meeting the criteria of positive free cash flow yields and strong dividend coverage, serving as starting points for further research.

NEOS Bitcoin High Income ETF offers high monthly income via synthetic covered calls on Bitcoin, but lacks principal protection typical of income funds. BTCI has delivered a strong yield (about 29% forward) and positive total returns in its first year, benefiting from a bullish Bitcoin environment. The fund's structure limits upside participation and exposes investors to significant downside risk if Bitcoin enters a prolonged bear market.

NEOS Bitcoin High Income ETF offers Bitcoin exposure with high income via a covered call strategy, currently yielding around 30%. BTCI generates monthly dividends by selling call options on Bitcoin, providing regular income but with variable payouts due to Bitcoin's volatility. The ETF holds Bitcoin through the VanEck Bitcoin ETF and synthetic positions, investing surplus cash in treasuries for additional yield.

NEOS Investments offer high yielding monthly income ETFs based on options strategies on equity and alternative investments. As a secondary priority, the ETFs seek capital appreciation from the underlying securities held. Four of the funds use Section 1256 Index Option Contracts, which treat distributions as 60% long term and 40% short term capital gains.

Bitcoin is often referred to as “digital gold.” Debate remains about how similar the cryptocurrency and commodity are.

Covered call ETFs are increasingly popular for their high yields, but differ in their option-selling strategies. NAV erosion is a common challenge, as distributions often reduce capital over time.