NEOS Launches Boosted Bitcoin Income ETF With 150% Exposure and 0.98% Expense Ratio
NEOS brought to market the Boosted Bitcoin High Income ETF last week, offering roughly 150% notional bitcoin exposure at a 0.98% annual fee. It holds spot bitcoin ETPs via a controlled foreign corporation and employs a synthetic options overlay to generate covered-call income distributed monthly.
1. New Boosted Income ETF Launch
NEOS Investments debuted the NEOS Boosted Bitcoin High Income ETF last week as one of three options-based funds targeting enhanced income and boosted market exposure.
2. 150% Notional Exposure and Fee
XBCI offers approximately 150% notional bitcoin exposure at a 0.98% annual expense ratio, using a synthetic options overlay for covered-call premium and leverage through call purchases and put sales.
3. CFC-Based Bitcoin Holdings
For tax efficiency, the fund holds spot bitcoin exchange-traded products via a controlled foreign corporation subsidiary, while achieving both base and boosted exposures through bitcoin-linked options.
4. Monthly Income Distributions
The ETF will distribute its covered-call income in the first week of each month, reflecting NEOS Investments’ broader strategy of more frequent ETF income payouts.