Thanks to This ETF, Bitcoin Is an Income Play

The article profiles NEOS’s BTCI ETF, which combines direct bitcoin exposure with an options-selling income strategy. BTCI has grown to $1.13 billion in assets roughly 18 months after launch, selling calls on two traditional bitcoin ETFs to generate higher premiums derived from bitcoin’s elevated volatility. NEOS says it typically writes on about half the notional and can write 10%–20% out of the money on bitcoin (vs. ~2%–4% on the S&P), aiming to capture income while preserving meaningful upside participation. The piece frames BTCI as a practical tool for advisors and income-seeking investors to gain bitcoin exposure without selling the underlying asset, implying potential continued inflows into bitcoin-linked income products and a structural way to monetize bitcoin volatility.