Tier 4Harvesting
Monthly

BTCI/ NEOS Bitcoin High Income

Comprehensive risk audit, payout history, and forward-looking dividend projections.

Current Price
$41.49
-0.12%(Today)
Updated Jan 30
Risk:High

What This Page Shows

  • Dividend yield and net yield after fees (28.84% vs 28.84%)
  • Risk tier classification: Tier 4 Volatility Harvest
  • TTM NAV change: -19.5%
  • Income sustainability flags and payout history trends

DivAgent Audit Brief

BTCI is a Tier 4 Volatility Harvest asset yielding 28.84%. It generates income through options on a volatile underlying asset. NAV fluctuations primarily reflect asset price movements, not structural erosion. Note: Price has changed -19.5% over the TTM, tracking underlying asset performance.

Provider

NEOS

Sector

Crypto

Asset Class

ETF

Expense Ratio

AUM

Inception

Distribution

monthly

NAV Change (1Y)

-19.5%

Underlying Asset Volatility

This fund's NAV reflects the price movement of its underlying volatile assets (e.g., Bitcoin). The 19.5% NAV change is driven by asset price fluctuations, not structural erosion. Distributions are generated from options premiums, not principal liquidation.

NET YIELD
28.84%
NO FEE
NET RETURN (1Y)
+9.3%
INCOME + NAV
PRICE CHANGE (1Y)
-19.5%
ASSET VOLATILITY
RISK TIER
Tier 4
HIGH
LAST PAYOUT
$0.9970
MONTHLY
EST. ANNUAL PAYOUT
$11.96
PER SHARE
RISK PREMIUM
24.59%
VS 10Y TREASURY
NEXT EX-DATE
Feb 28
75% CONFIDENCE

Who Should Buy BTCI?

BTCI is best suited for Income Maximizers. The fund generates a 28.84% yield through selling options against its holdings.

Ideal For

Aggressive income seekers who prioritize high current cash flow over capital appreciation.

Avoid If

You are building a 'forever portfolio' and cannot tolerate NAV (share price) decline.

Quick Audit

  • TypeDerivative Income
  • ComplexityHigh
  • Tax EfficiencyLow (Ordinary Income)
  • VolatilityModerate (Lower Beta)
Real Returns Analysis

Comparing stated yield to actual total return performance

Stated Yield
28.84%
Gross income rate
Net Return (1Y)
+9.3%
Actual performance
Expense Ratio
-0.00%
Annual fee
Price Change (1Y)
-19.5%
Underlying volatility
Yield vs Return Spread+19.5pp
Stated Yield: 28.8%Actual Return: +9.3%

Underlying Asset Note: This fund's NAV reflects the price movement of its underlying volatile assets (e.g., Bitcoin). The 19.5% NAV change is driven by asset price fluctuations, not structural erosion. Distributions are generated from options premiums, not principal liquidation.

Return of Capital Note: NEOS funds classify ~95% of distributions as Return of Capital (ROC) for tax purposes. This reflects their tax-loss harvesting strategy, NOT principal liquidation. ROC reduces your cost basis and defers taxes.

Liquidity Warning: Very High Risk

BTCI has very high liquidity risk. You may experience wide bid-ask spreads and significant slippage when entering or exiting positions. Consider using limit orders and avoid market orders for large positions.

Liquidity Metrics
Trading volume, fund size, and ownership structure
Very High Liquidity Risk
Assets Under Management
N/A
Fund Age
N/A

Institutional Data Locked

Advanced liquidity metrics for Tier 4 assets are available to Premium members.

Unlock Metrics
Includes
InstitutionalAverage

DivAgent Analyst Verdict

BTCI is currently serving as a high-yield accelerator. Investors should be aware that sells call options on owned equity positions to generate premium income. caps upside in exchange for monthly/quarterly payouts.

Risk Profile Audit

Classified as high risk due to volatile underlying asset exposure. Price fluctuations primarily track the underlying asset (e.g., Bitcoin), not structural fund issues. Suitable for investors comfortable with asset volatility who want income generation.

Price Chart

Live Data
Loading BTCI chart...

Calculate Your Returns

Dividend Calculator

Estimate income for BTCI

$

~24.10 shares at $41.49

Monthly
$24.03
Quarterly
$72.09
Annual
$288.36

Estimates use the latest forecasted distribution and are not guarantees.

Track BTCI in DivAgent

Verified Payout History

Last 5 of 16 Payments
Ex-Dividend DateAmountFrequencyStatus
Dec 30, 2025$0.9970MonthlyPAID
Dec 24, 2025$0.9970MonthlyPAID
Nov 26, 2025$1.0180MonthlyPAID
Oct 22, 2025$1.3000MonthlyPAID
Sep 24, 2025$1.3400MonthlyPAID
+11 more dividends hidden

11 more dividends available

Upgrade to Premium to see up to 10 historical dividends, or Pro for unlimited access.

Compare BTCI Alternatives

See All Comparisons

BTCI FAQ

Common questions about BTCI dividends, safety, and performance

Institutional Analysis Context

This FAQ section provides institutional-grade analysis of BTCI. DivAgent evaluates dividend ETFs using a proprietary 5-Tier Risk Spectrum that measures income sustainability, NAV erosion risk, and distribution source quality. Data is updated daily from market sources.

DivAgent Data Methodology

Risk Tier Classification

Our 5-Tier Risk Spectrum is not an editorial opinion. It is a quantitative scoring model derived from 36-month volatility, max drawdown depth, and option skew (for derivative funds). A "Tier 1" rating implies volatility comparable to short-term treasuries, while "Tier 5" indicates localized volatility exceeding the S&P 500.

NAV Erosion Calculation

We calculate "Erosion" by stripping out distribution payments to isolate the price performance of the underlying collateral. If a fund's share price drops by more than its distribution yield over a rolling 12-month period, it is flagged as eroding capital. This protects investors from "Yield Traps" that return their own principal as taxable income.

Yield vs. Income

DivAgent distinguishes between "SEC Yield" (standardized) and "Distribution Rate" (cash-on-cash). For option-income ETFs (e.g., Covered Calls), we prioritize the Trailing 12-Month (TTM) distribution rate as a more accurate reflection of realized income, while flagging that future payouts fluctuate with implied volatility.

Performance Benchmarking

All "Total Return" metrics differ from price return. We assume immediate reinvestment of all dividends (DRIP) on the pay date, with no tax friction. This "Net Total Return" metric allows for a true apples-to-apples comparison between high-yield/flat-price funds and low-yield/high-growth funds.

* Data updated daily via end-of-day (EOD) feeds. Forward yields are projections based on the most recent declared distribution annualized. Past performance of BTCI does not guarantee future results.