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BPI vs MAXI

Grayscale Bitcoin Premium Income ETF vs Simplify Bitcoin Strategy ETF

BPI

Grayscale Bitcoin Premium Income ETF

Grayscale

Annual cost

0.65%

Fund size

$3M

MAXI

Simplify Bitcoin Strategy ETF

Simplify Asset Management

Annual cost

1.31%

Fund size

$33M

Key differences

  • BPI costs 0.66% less per year.
  • MAXI is significantly larger than BPI — larger funds tend to be more liquid and less likely to close.

Side-by-side comparison

BPIMAXI
Annual cost (TER)0.65%1.31%
Fund size (AUM)$3M$33M
Since20252022
Dividend yield25.35%57.71%
Asset classalternativealternative
Regionnorth americanorth america
Strategyoption incomeoption income
CAGR 1Y-26.6%-55.9%
CAGR 3YN/A+18.2%
CAGR 5YN/AN/A
Sharpe 3YN/A0.53
Volatility 1Y38.86%66.05%
Max drawdown-47.05%-65.93%

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

Similar to BPI and MAXI