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The NEOS Bitcoin High Income ETF (the “Fund”) seeks to generate high monthly income with the potential for appreciation based on exposure to exchange-traded products (“ETP”) that have direct exposure to Bitcoin.
Distributions made by the Fund have been classified as a return of capital and may be comprised of option premiums, dividends, capital gains, and interest payments. As of the most recent distribution by the Fund, 94% was estimated to be return of capital. Please see the 19a-1 notices for a more comprehensive breakdown. To learn more about the potential tax efficiencies of return of capital distributions, click here
| Fund Details | As of: 12/09/2025 |
|---|---|
| Fund Inception | 10/17/2024 |
| Fund Ticker | BTCI |
| CUSIP | 78433H642 |
| ISIN | US78433H6421 |
| Gross Expense Ratio | 0.98% |
| Net Assets | $929,375,916 |
| Shares Outstanding | 19,650,000 |
| Primary Exchange | Cboe |
| Underlying Exposure | Bitcoin ETPs |
| Distribution Frequency | Monthly |
| Fund Resources |
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Fact sheet 
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Prospectus
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Data as of 12/09/2025
| Closing NAV Price | |
|---|---|
| Net Asset Value | $47.30 |
| Daily Change ($) | $1.04 |
| Daily Change (%) | 2.24% |
| Closing Market Price | |
|---|---|
| Market Price | $47.39 |
| Daily Change ($) | $1.14 |
| Daily Change (%) | 2.46% |
| Premium / Discount | |
|---|---|
| Premium Discount (%) | 0.20% |
| 30-Day Median Bid-Ask Spread (%) | 0.13% |
BTCI aims to offer exposure to Bitcoin via ETPs with a data-driven call option overlay that seeks high monthly income and upside potential. The Fund may provide a way to pursue high levels of current income from Bitcoin's price volatility, a source that's potentially less correlated to traditional income oriented investments.
Data as of: 11/30/2025
| 1 Mo | 3 Mo | 6 Mo | YTD | Inception (Cumulative) |
1 Yr | 3 Yr | 5 Yr | Inception (Annualized) |
|
|---|---|---|---|---|---|---|---|---|---|
| Cumulative | Annualized | ||||||||
| NAV Performance | -16.09% | -14.11% | -10.37% | 1.19% | 28.41% | -1.89 | - | - | 24.93 |
| Market Performance | -16.06% | -13.97% | -10.43% | 1.56% | 28.53% | -2.23 | - | - | 25.04 |
Past performance is no guarantee of future results. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. For performance data current to the most recent month end, please call (866) 498-5677.
BTCI is bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns. Market Price returns are based upon the official closing price on the listing exchange (CBOE) at 4:00 p.m. ET when NAV is normally determined for BTCI, and do not represent the returns you would receive if you traded shares at other times. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.
Data as of: 09/30/2025
| 1 Mo | 3 Mo | 6 Mo | YTD | Inception (Cumulative) |
1 Yr | 3 Yr | 5 Yr | Inception (Annualized) |
|
|---|---|---|---|---|---|---|---|---|---|
| Cumulative | Annualized | ||||||||
| NAV Performance | 5.67% | 6.90% | 36.66 | 24.50% | 57.99% | - | - | - | - |
| Market Performance | 5.83% | 6.64% | 36.75 | 24.94% | 58.11% | - | - | - | - |
Past performance is no guarantee of future results. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. For performance data current to the most recent month end, please call (866) 498-5677.
BTCI is bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns. Market Price returns are based upon the official closing price on the listing exchange (CBOE) at 4:00 p.m. ET when NAV is normally determined for BTCI, and do not represent the returns you would receive if you traded shares at other times. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.
Data as of: 09/30/2025
| 1 Mo | 3 Mo | 6 Mo | YTD | Inception (Cumulative) |
1 Yr | 3 Yr | 5 Yr | Inception (Annualized) |
|
|---|---|---|---|---|---|---|---|---|---|
| Cumulative | Annualized | ||||||||
| NAV Performance (Post-Tax on Fund Distributions) |
4.71% | 3.97% | 29.14 | 14.04% | 40.72% | - | - | - | - |
| NAV Performance (Post-Tax on Fund Distributions and Shares Sold) |
3.35% | 4.09% | 21.46 | 13.82% | 32.86% | - | - | - | - |
| Market Performance (Post-Tax on Fund Distributions) |
4.83% | 3.69% | 29.22 | 14.42% | 40.83% | - | - | - | - |
| Market Performance (Post-Tax on Fund Distributions and Shares Sold) |
3.43% | 3.92% | 21.51 | 14.06% | 32.93% | - | - | - | - |
Past performance is no guarantee of future results. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. For performance data current to the most recent month end, please call (866) 498-5677.
BTCI is bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns. Market Price returns are based upon the official closing price on the listing exchange (CBOE) at 4:00 p.m. ET when NAV is normally determined for BTCI, and do not represent the returns you would receive if you traded shares at other times. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.
After-tax returns are calculated using the highest individual federal income tax rates in effect at the time of each distribution, and do not reflect the impact of state and local taxes. After-tax returns for most funds are calculated using the tax liability implied by each of their respective declared distributions. However, the exact tax characteristics of many distributions aren't known until after the close of the calendar year. When accounting for the return of capital, the system uses the pro-rata method to reduce cost basis. The pre-liquidation return is identical to a standard rate of return except when reinvesting the distributions, we must first reduce the reinvestment amount of each component of the distribution by the appropriate tax rate. Post-liquidation returns may be adversely impacted by an investor's deferred tax liabilities.
| Distribution Information (as of 11/30/2025) |
|
|---|---|
| Distribution Frequency | Monthly |
Distribution Rate  |
26.73% |
| Distribution Amount / Share ($) | $1.0181 |
| Distribution Amount / Share (%) | 2.23% |
| 30-Day SEC Yield |
3.09% |
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) |
|---|---|---|---|---|
| 01/21/2025 | 01/22/2025 | 01/22/2025 | 01/24/2025 | $1.5718 |
| 02/25/2025 | 02/26/2025 | 02/26/2025 | 02/28/2025 | $1.4319 |
| 03/25/2025 | 03/26/2025 | 03/26/2025 | 03/28/2025 | $1.3350 |
| 04/22/2025 | 04/23/2025 | 04/23/2025 | 04/25/2025 | $1.2591 |
| 05/20/2025 | 05/21/2025 | 05/21/2025 | 05/23/2025 | $1.5145 |
| 06/24/2025 | 06/25/2025 | 06/25/2025 | 06/27/2025 | $1.3978 |
| 07/22/2025 | 07/23/2025 | 07/23/2025 | 07/25/2025 | $1.4716 |
| 08/19/2025 | 08/20/2025 | 08/20/2025 | 08/22/2025 | $1.4153 |
| 09/23/2025 | 09/24/2025 | 09/24/2025 | 09/26/2025 | $1.3401 |
| 10/21/2025 | 10/22/2025 | 10/22/2025 | 10/24/2025 | $1.2999 |
| 11/25/2025 | 11/26/2025 | 11/26/2025 | 11/28/2025 | $1.0181 |
| 12/23/2025 | 12/24/2025 | 12/24/2025 | 12/26/2025 |
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) |
|---|---|---|---|---|
| 10/22/2024 | 10/23/2024 | 10/23/2024 | 10/24/2024 | $1.1253 |
| 11/19/2024 | 11/20/2024 | 11/20/2024 | 11/21/2024 | $1.4081 |
| 12/23/2024 | 12/24/2024 | 12/24/2024 | 12/26/2024 | $1.4578 |
Distributions made by the Fund have been classified as a return of capital and may be comprised of option premiums, dividends, capital gains, and interest payments. As of the most recent distribution by the Fund, 94% was estimated to be return of capital. Please see the 19a-1 notices for a more comprehensive breakdown. To learn more about the potential tax efficiencies of return of capital distributions, click here.
Notification of Source of Distributions Pursuant to Rule 19a-1 under the Investment Company Act of 1940
Form 8937 – Report of Organizational Actions Affecting Basis of Securities
To facilitate tax basis reporting, since January 2012, the Internal Revenue Service has required certain securities activity to be reported on Form 8937.
For more information, consult with a tax professional and/or your financial professional.
Data as of 12/10/2025 Download Full Holdings
| Security Name | Identifier | Weighting (%) |
|---|---|---|
| United States Treasury Bill 02/05/2026 | 912797RL3 | 90.38% |
| Vaneck Bitcoin Etf/us | HODL | 15.38% |
| Ishares Bitcoin Trust Etf | IBIT | 8.84% |
| Cbtx Us 01/16/26 C2680 | CBTX 260116C02680000 | 0.54% |
| Cbtx Us 01/16/26 C2450 | CBTX 260116C02450000 | -0.51% |
| Cbtx Us 01/16/26 C2330 | CBTX 260116C02330000 | -0.88% |
| Cbtx Us 01/16/26 P2680 | CBTX 260116P02680000 | -16.39% |
Holdings are subject to change
| Fund Resources |
|---|
Recent Content 
|
High Monthly Income
Investors may seek increased income generation potential within their portfolios through option writing (selling).
Lower Correlation
Options-based solutions may be less sensitive to traditional market risk factors such as credit, duration, and inflation risk.
Tax Efficiency
Index options are classified as Section 1256 contracts, which are subject to lower 60/40 tax rates.
