BTCI

NEOS Bitcoin High Income ETF

  • Distribution Information
  • Average Annual Total Returns
As of 02/28/2025
Distribution Frequency
Monthly
Expense Ratio
0.98%
Distribution Rate
33.28%
30-Day SEC Yield
3.11%
As of 12/31/2024
Inception
Nav
26.90%
Market Price
26.55%
1YR
Nav
--%
Market Price
--%
5YR
Nav
--%
Market Price
--%
10YR
Nav
--%
Market Price
--%

Targeted Benefits of BTCI's Strategy:

  1. The Fund seeks to distribute monthly income generated from writing call options on Bitcoin Futures ETFs
  2. Actively managed by NEOS, the Fund seeks to offer upside potential via efficient exposure to Bitcoin ETPs
  3. The Fund implements a data-driven call option strategy, saving investors the time and potential expenses of trading options themselves.

Investment Objective:

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.

Fund Details As of: 03/14/2025
Fund Inception 10/17/2024
Fund Ticker BTCI
CUSIP 78433H642
ISIN US78433H6421
Gross Expense Ratio 0.98%
Net Assets $113,303,374
Shares Outstanding 2,170,000
Primary Exchange Cboe
Underlying Exposure Bitcoin ETPs
Distribution Frequency Monthly

Pricing Information

Data as of 03/14/2025

Closing NAV Price
Net Asset Value $52.21
Daily Change ($) $2.68
Daily Change (%) 5.41%
Closing Market Price
Market Price $52.00
Daily Change ($) $2.50
Daily Change (%) 5.05%
Premium / Discount
Premium Discount (%) -0.41%
30-Day Median Bid-Ask Spread (%) 0.35%
Premium / Discount Information

Where might BTCI fit into an investment portfolio?

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.

Fund Performance

Data as of: 02/28/2025

1 Mo 3 Mo 6 Mo YTD Inception
(Cumulative)
1 Yr 3 Yr 5 Yr Inception
(Annualized)
Cumulative Annualized
NAV Performance -15.82 -10.95 - -8.16 16.55% - - - -
Market Performance -17.00 -11.59 - -8.16 16.22% - - - -

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: 12/31/2024

1 Mo 3 Mo 6 Mo YTD Inception
(Cumulative)
1 Yr 3 Yr 5 Yr Inception
(Annualized)
Cumulative Annualized
NAV Performance -3.04 - - - 26.90% - - - -
Market Performance -3.73 - - - 26.55% - - - -

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.

Distributions

Distribution Information
(as of 02/28/2025)
Distribution Frequency Monthly
Distribution Rate 33.28%
Distribution Amount / Share ($) $1.4319
Distribution Amount / Share (%) 2.77%
30-Day SEC Yield 3.11%
2024 Distribution Calendar
Supplemental Tax Information: 19a-1 Notices
Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
1/21/2025 1/22/2025 1/22/2025 1/24/2025 $1.5718
2/25/2025 2/26/2025 2/26/2025 2/28/2025 $1.4319
3/25/2025 3/26/2025 3/26/2025 3/28/2025
4/22/2025 4/23/2025 4/23/2025 4/25/2025
5/20/2025 5/21/2025 5/21/2025 5/23/2025
6/24/2025 6/25/2025 6/25/2025 6/27/2025
7/22/2025 7/23/2025 7/23/2025 7/25/2025
8/19/2025 8/20/2025 8/20/2025 8/22/2025
9/23/2025 9/24/2025 9/24/2025 9/26/2025
10/21/2025 10/22/2025 10/22/2025 10/24/2025
11/25/2025 11/26/2025 11/26/2025 11/28/2025
12/23/2025 12/24/2025 12/24/2025 12/26/2025

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, 95% 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.

Top Holdings

Data as of 03/17/2025   Download Full Holdings

Security Name Identifier Weighting (%)
United States Treasury Bill 04/22/2025 912797PA9 90.24%
Vaneck Bitcoin Etf/us HODL 24.12%
Mbtx Us 04/17/25 C245 MBTX 250417C00245000 0.64%
Mbtx Us 04/17/25 C230 MBTX 250417C00230000 -0.42%
Mbtx Us 04/17/25 C220 MBTX 250417C00220000 -0.67%
Mbtx Us 04/17/25 P245 MBTX 250417P00245000 -16.63%

Holdings are subject to change

Potential Benefits of Utilizing Options-Based ETFs

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.

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