BPI: Grayscale Bitcoin Premium Income ETF
Grayscale · Crypto Option Income · Tracks Bitcoin
Growth of $100
Green is what an investor who reinvested every payout would have; red is the price alone. The gap between them is the income. If the red line keeps falling, the payouts are partly your own money coming back.
Was the payout earned?
Over the last year BPI paid 20.6% but its total return was -21.6%, so none of the payout was earned: the price fell by more than the fund paid out.
| Earned % (3 months) | 346% |
| Earned % (1 year) | below -100% |
| Earned % (full history, up to 5 yrs) | -28% |
Earned % = total return ÷ payouts. 100% means every dollar paid out was earned; below 100% means part of it came from the fund's own value. This is an economic measure based on market price, not the tax label on the payout.
Where the DT Score comes from
Total 27.5 / 100 · rank #375 of 420. How the score works
Risk
| Sortino ratio (1Y) | -0.94 |
| Sharpe ratio (1Y) | -0.69 |
| Steadiness vs S&P 500 | 34% |
| Beta to S&P 500 | 1.48 |
| Correlation to S&P 500 | 0.50 |
| Max drop (1Y) | -41.7% |
| Max drop (up to 5 yrs) | -49.2% |
| Trend | Downtrend |
| History | 1.6 yrs |
Vs. IBIT (what it's built on)
| Upside capture | 88% |
| Downside capture | 88% |
| Capture ratio | 1.00 |
| Beta | 0.89 |
| Correlation | 0.99 |
| Tracking | Closely |
On days IBIT rose, BPI caught 88% of the gain; on days it fell, BPI took 88% of the loss.
Payout history
Each bar is one payout (last 34 shown). Pays Biweekly.
| Ex-date | Amount |
|---|---|
| 2026-10-29 | $0.1800 |
| 2026-10-14 | $0.2150 |
| 2026-09-29 | $0.2500 |
| 2026-09-14 | $0.1310 |
| 2026-08-28 | $0.2130 |
| 2026-08-13 | $0.0880 |
| 2026-07-30 | $0.0690 |
| 2026-07-14 | $0.1700 |
| 2026-06-29 | $0.1530 |
| 2026-06-12 | $0.2130 |
| 2026-05-28 | $0.1460 |
| 2026-05-14 | $0.1820 |
Funds that track the same thing
Other Bitcoin income funds, ranked by DT Score. See them all · Compare BPI with the top 3
| Fund | Category | Fwd rate | 12m yield | 1Y total ret. | Earned % 1Y | Upside capt. | Downside capt. | Tracking | DT Score | Momentum | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CEPI REX Crypto Equity Premium Income ETF | Crypto Option Income | 43.2% | 51.4% | -1.1% | -15% | 54% | 50% | Weakly | 32 | 24 | Downtrend |
| BTCC Grayscale Bitcoin Covered Call ETF | Crypto Option Income | 46.9% | 66.3% | -20.9% | -73% | 64% | 67% | Closely | 31 | 62 | Downtrend |
| BTCI NEOS Bitcoin High Income ETF | Crypto Option Income | 30.0% | 31.6% | -24.1% | below -100% | 85% | 87% | Closely | 30 | 75 | Downtrend |
| BLOX Nicholas Crypto Income ETF | Crypto Option Income | 38.8% | 58.5% | -31.4% | below -100% | 100% | 106% | Loosely | 29 | 10 | Downtrend |
| YBIT YieldMax Bitcoin Option Income Strategy ETF | Crypto Option Income | 41.6% | 68.7% | -22.8% | -78% | 78% | 80% | Closely | 29 | 75 | Downtrend |
| BITY Amplify Bitcoin 2% Monthly Option Income ETF | Crypto Option Income | 26.2% | 31.7% | -30.4% | below -100% | 91% | 96% | Closely | 28 | 62 | Downtrend |
| BAGY Amplify Bitcoin Max Income Covered Call ETF | Crypto Option Income | 32.9% | 48.4% | -30.8% | below -100% | 90% | 96% | Closely | 28 | 41 | Downtrend |
| DFII FT Vest Bitcoin Strategy & Target Income ETF | Crypto Option Income | 20.3% | 18.6% | -26.4% | below -100% | 91% | 93% | Closely | 28 | 74 | Downtrend |
| YBTC Roundhill Bitcoin Covered Call Strategy ETF | Crypto Option Income | 37.6% | 57.9% | -24.4% | -99% | 79% | 82% | Closely | 27 | 65 | Downtrend |
| XBTY GraniteShares YieldBOOST Bitcoin ETF | Crypto Option Income | 29.9% | 110.8% | -22.1% | -58% | 37% | 44% | Loosely | 24 | 69 | Downtrend |
About BPI
| Issuer | Grayscale |
| Structure | ETF |
| Category | Crypto Option Income |
| Strategy | Covered call / premium income on crypto trust |
| Underlying | Bitcoin |
| Exposure | Bitcoin / Crypto |
| Index linkage | Partial - options/overlay on index |
| Pays | Biweekly |
| Expense ratio | – |
| Uses leverage | No |
| Upside capped | Yes |
| Rate sensitivity | Low |
| Return of capital common | Yes |
Research notes: Biweekly distributions per source (not in allowed enum; frequency left null). Very small AUM.
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