BLOXNicholas Crypto Income ETF

Get income1y track recordRanked #967 of 1,650 in this goal

Seeks capital appreciation and current income.

By Nicholas Wealth, LLC · Launched 2025

Annual Cost

0.99%

#5,120 of 5,854 · expensive

Fund Size

$312M

#1,945 of 5,854 · large

Dividend YieldGoal

44.30%

Track Record

1 year

#4,368 of 5,854 · young

Performance

Total-return NAV · USD

Growth of $10,000

$8,561-14.4%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 75.8% of fundconcentrated

First American Government Obli

13.7%

VanEck Bitcoin ETF/US

9.8%

TSMC

7.8%

Hut 8 Corp

7.4%

iShares Ethereum Trust ETF

7.3%

Galaxy Digital Inc

6.6%

IREN Ltd

6.3%

Cipher Digital Inc

6.2%

NVIDIA Corp

5.7%

Robinhood Markets Inc

5.1%

Asset allocation

Stocks

58.6%

Other

28.6%

Cash

12.7%

Bonds

0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

57.1%High

Year-on-year price swings

Max drawdown

-47.1%Severe

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks capital appreciation and current income.
Strategy: Actively manages a portfolio of equity shares in Crypto Industry Companies and provides exposure to select U.S.-listed ETFs and ETPs related to Bitcoin, Ether, Solana, and XRP. Generates options premiums through an options portfolio while holding cash or U.S. Treasuries as collateral.
Inception date: June 16, 2025
Fund family: Nicholas Wealth, LLC

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Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call

Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03