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BPI vs CBOJ

Grayscale Bitcoin Premium Income ETF vs Calamos Bitcoin Structured Alt Protection ETF - January

BPI

Grayscale Bitcoin Premium Income ETF

Grayscale

Annual cost

0.65%

Fund size

$3M

CBOJ

Calamos Bitcoin Structured Alt Protection ETF - January

Calamos

Annual cost

0.69%

Fund size

$20M

Key differences

  • CBOJ is significantly larger than BPI — larger funds tend to be more liquid and less likely to close.
  • BPI follows a option income strategy; CBOJ uses structured outcome.

Side-by-side comparison

BPICBOJ
Annual cost (TER)0.65%0.69%
Fund size (AUM)$3M$20M
Since20252025
Dividend yield25.35%3.15%
Asset classalternativealternative
Regionnorth america
Strategyoption incomestructured outcome
CAGR 1Y-26.6%-2.9%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y38.86%4.94%
Max drawdown-47.05%-8.13%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to BPI and CBOJ