What do the terms 'Expense Ratio' and 'Net Assets' mean for these ETFs?

The expense ratio is the annual fee charged to manage the fund, deducted from its assets. For BTCI, it is 0.99%, while for YBTC, it is 0.95%. Net assets refer to the total market value of the assets held by the fund minus liabilities; BTCI has $1.3 billion, and YBTC has $142 million. Lower fees generally improve net returns over time, but fund size can also impact liquidity and operational efficiency.

How does the 'Index Tracked' data help in understanding these funds?

For both BTCI and YBTC, the 'Index tracked' information is not available. This suggests these funds may not passively track a specific benchmark index in the traditional sense, or the tracking method differs. Beginners should note that without a specified index, it is harder to measure performance against a standard market benchmark, requiring closer attention to the fund's stated strategy and holdings instead.

What is the significance of the 'Inception Date' when comparing funds?

The inception date indicates when the fund was launched. BTCI was launched on Oct 17, 2024, while YBTC started on Jan 18, 2024. YBTC has a slightly longer track record, meaning it has been operating for more time. However, both are relatively new funds, especially BTCI. Beginners should understand that limited historical data means past performance is less reliable for predicting future results.

How do the fees of BTCI and YBTC compare, and what does this difference mean?

BTCI has an expense ratio of 0.99%, whereas YBTC charges 0.95%. This represents a 0.04 percentage point difference per year. While small, fees compound over time. If both funds perform identically before fees, YBTC would theoretically deliver slightly higher net returns due to its lower cost. Investors should always compare expense ratios as they directly reduce the return on investment.

What are the top holdings for BTCI and YBTC, and do they overlap?

BTCI lists IBIT at 14.37% and HODL at 1.67% among its top holdings. For YBTC, top holdings are not available. The data indicates no shared top-10 holdings among the listed top holdings. This lack of overlap suggests the funds may use different methods or specific instruments to achieve their Bitcoin-related exposure, rather than holding the same primary assets.

How do the dividend yields of BTCI and YBTC compare?

BTCI has a dividend yield of 29.55%, while YBTC has a significantly higher yield of 61.32%. These yields are calculated based on recent distributions. High yields in Bitcoin-focused ETFs often stem from options strategies, such as selling covered calls, which generate premium income. Investors should note that higher yields can come with trade-offs, such as capped upside potential, and are not guaranteed.

Which investing goals are typically associated with funds like BTCI and YBTC?

Funds like BTCI and YBTC are typically associated with goals involving Bitcoin exposure combined with income generation. YBTC’s name, 'Covered Call Strategy', explicitly signals an approach focused on generating high premiums through options. BTCI, as the 'High Income ETF', similarly targets income. These funds suit investors seeking cash flow from digital assets, potentially at the cost of reduced capital appreciation if Bitcoin prices surge.

How does fund size (Net Assets) potentially impact the investor experience?

BTCI has net assets of $1.3 billion, compared to YBTC's $142 million. Larger funds often benefit from greater liquidity, meaning shares can be bought or sold more easily with smaller bid-ask spreads. However, both funds are sizable enough for most retail investors. Smaller funds might offer more nimble strategy implementation, but size alone does not determine performance or safety.

What category do these ETFs fall under, and what does that imply?

Both BTCI and YBTC are categorized as 'Digital Assets'. This implies their performance is closely tied to the price movements of Bitcoin and the broader cryptocurrency market. Investors in this category face volatility typical of digital assets. The 'Digital Assets' label signals that traditional equity or bond correlations do not apply, and regulatory or market shifts in crypto can impact fund value.

How should beginners interpret the 'Sector Weights' being 'not available'?

For both funds, sector weights are 'not available'. This is common for funds holding derivative strategies or specific ETFs rather than direct corporate equities. Beginners should understand that sector rotation risks, typical in traditional equity funds, may not apply here. Instead, risks are concentrated in Bitcoin price volatility and options strategy execution, not industrial or technology sector performance.

What should investors know about distributions for Bitcoin-focused ETFs?

Both BTCI and YBTC pay dividends, with yields of 29.55% and 61.32% respectively. In covered call strategies, distributions often come from option premiums rather than underlying asset growth. These payments can vary significantly with market conditions. Beginners should treat these as income streams that may reduce net asset value over time, rather than pure profit, and reinvestment choices should be made carefully.

Is this comparison page financial advice?

No. This content is strictly educational and informational. It compares publicly available data for BTCI and YBTC to help beginners understand how to read ETF metrics. It does not constitute financial advice, a recommendation to buy or sell, or an endorsement of either fund. Investors should conduct their own due diligence, consider their risk tolerance, and consult with a qualified financial professional before making investment decisions.

BTCI vs YBTC

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

This page compares the NEOS Bitcoin High Income ETF (BTCI) and the Roundhill Bitcoin Covered Call Strategy ETF (YBTC), examining fees, holdings, dividends and how each fund tracks its market. BTCI has an expense ratio of 0.99% and a dividend yield of 29.55%, while YBTC has an expense ratio of 0.95% and a dividend yield of 61.32%. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

BTCI

Metric

YBTC

0.99%

Expense Ratio

0.95%

29.55%

Dividend Yield

61.32%

$1.33B

Net Assets

$141.61M

Holdings

Oct 17, 2024

Inception Date

Jan 18, 2024

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Index Tracked

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Digital Assets

Fund Category

Digital Assets

YBTC costs about $4.00 less per year for every $10,000 invested.

Shared Top Holdings

These funds do not share any of their top holdings.

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Investment Analysis

BTCI

Pros

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Considerations

YBTC

Pros

Considerations

About BTCI and YBTC

BTCI (BTCI)

The NEOS Bitcoin High Income ETF (BTCI) is a digital asset fund designed for investors seeking exposure to Bitcoin combined with income generation. It primarily employs a covered call strategy, selling call options on Bitcoin futures to generate premium income, which can contribute to a high distribution yield. With an expense ratio of 0.99% and net assets of USD 1.33 billion, it is a substantial player in the crypto-ETF space since its inception in October 2024. The fund holds 11 holdings, balancing direct or derivative exposure with option strategies. While the potential for high income (yielding over 29% in verified facts) is attractive, investors should note that this yield can fluctuate significantly. Furthermore, the covered call strategy may cap upside potential if Bitcoin prices surge, and the value of the underlying asset is highly volatile. It is not a savings account; returns are not guaranteed and capital is at risk.

YBTC (YBTC)

The Roundhill Bitcoin Covered Call Strategy ETF (YBTC) offers investors a unique way to gain exposure to digital assets while potentially generating income. Launched in January 2024, this ETF operates by holding Bitcoin and selling covered call options against its holdings. This strategy aims to produce distributions, reflected in its reported dividend yield of 61.32%, though such high yields often come with significant risks and may not be sustainable long-term. With a modest expense ratio of 0.95% and net assets of USD 142 million, YBTC is a concentrated fund with only four holdings, focusing on Bitcoin and the mechanics of its options strategy. Investors should understand that while the covered call approach may provide income, it can also limit upside potential during strong Bitcoin rallies. As with all investments, values can rise and fall, and past performance does not guarantee future results. This fund is suitable for those seeking alternative income strategies within the volatile digital asset market.

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BTCI vs YBTC

Fund Snapshot