BPI Grayscale Bitcoin Premium Income ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
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Grayscale Bitcoin Premium Income ETF (BPI) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2025-04-01
- Has Options
- No
- Expense ratio
- 0.65% prospectus, filed Apr 30, 2026
- Assets
- $2.9M SEC filing, Jun 30, 2026
- Trailing yield
- 20.39% paid semi-monthly
- Average daily volume
- $35K 30 sessions
- Holdings
- 7 top 10 are 104.9%
- Listed
- Apr 1, 2025 NYSE Arca
- Last fee change
- -1 bp filed Apr 30, 2026
Moves with. Bitcoin (96% of its variance, beta 0.88). These factors explain 97% of its daily moves over the last year.
Stated objective. The Grayscale Bitcoin Premium Income ETF (the Fund) seeks to provide current income while maintaining prospects for capital appreciation through the use of options on Bitcoin exchange -traded products whose investment objectives are to, before fees and expenses, track the price performance of Bitcoin. The Bitcoin exchange -traded products include, but are not limited to, Grayscale Bitcoin Trust ETF (Ticker: GBTC) and Grayscale Bitcoin Mini Trust ETF (Ticker: BTC) (the Bitcoin ETPs). There can be no assurance that the Fund will achieve its investment objective. (from the fund's prospectus)
- Jun 2026
- +$400K latest reported month
- Latest 3 months
- +$400K +13.9% of assets
- Latest 12 months
- +$2.0M +69.7% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$400K |
| May 2026 | $0 |
| Apr 2026 | $0 |
| Mar 2026 | $0 |
| Feb 2026 | $0 |
| Jan 2026 | $0 |
| Dec 2025 | −$623K |
| Nov 2025 | $0 |
| Oct 2025 | $0 |
| Sep 2025 | $0 |
| Aug 2025 | +$1.4M |
| Jul 2025 | +$867K |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 15 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| JEPIJPMorgan Equity Premium Income ETF | — | 0.35% | $45.8B | −0.7% | compare |
| JEPQJ.P. Morgan Nasdaq Equity Premium Income ETF | — | 0.35% | $43.3B | +1.5% | compare |
| QQQINEOS Nasdaq 100 High Income ETF | — | 0.68% | $15.1B | −2.4% | compare |
| SPYINEOS S&P 500 High Income ETF | — | 0.68% | $12.5B | +1.5% | compare |
| QYLDGlobal X Funds Global X NASDAQ-100 Covered Call ETF | — | 0.60% | $8.3B | +5.5% | compare |
The largest other funds in the Covered Call category.
- Authorized participants
- 2 active of 2 with agreements; top 3 did 100%
- Created · redeemed
- $8.4M · $3.2M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 10,000 shares
- Securities lending
- authorized, none lent
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-14 | 2026-10-15 | $0.2146 | CD |
| 2026-09-29 | 2026-09-30 | $0.2500 | CD |
| 2026-09-14 | 2026-09-15 | $0.1315 | CD |
| 2026-08-28 | 2026-08-31 | $0.2135 | CD |
| 2026-08-13 | 2026-08-14 | $0.0877 | CD |
| 2026-07-30 | 2026-07-31 | $0.0695 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | TREASURY BILL | 82.80% | Debt | US |
| — | N/A | 22.13% | Derivative (equity) | US |
| — | First American Government Obli | 0.33% | Short-term investment | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.01% | Derivative (equity) | US |
| — | N/A | -0.02% | Derivative (equity) | US |
| — | N/A | -5.39% | Derivative (equity) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| US Treasury | 82.80% | $2.4M | 1 |
| Derivative (equity) | 16.72% | $480452 | 5 |
| Short-term investment | 0.33% | $9515 | 1 |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | -6.66% | -6.66% |
| Feb | -- | -15.95% | -15.95% |
| Mar | -- | -3.36% | -3.36% |
| Apr | 7.21% | 11.01% | 9.11% |
| May | 4.26% | -6.71% | -1.23% |
| Jun | -0.23% | -18.52% | -9.38% |
| Jul | 7.52% | 4.08% | 5.80% |
| Aug | -5.64% | 19.13% | 6.74% |
| Sep | 1.44% | 5.61% | 3.53% |
| Oct | -7.54% | -4.46%* | -6.00% |
| Nov | -16.16% | -- | -16.16% |
| Dec | 0.68% | -- | 0.68% |
| Total | -10.42% | -19.96% | -15.19% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: BPI
Executive Summary
Overall Assessment: BEARISH (confidence level 6/10)
Key Drivers:
- Technical indicators suggest a downtrend, with momentum signals weakening
- High volatility suggests increased risk
- Recent news sentiment unavailable, but historical analysis suggests neutral to bearish headlines
Primary Risks:
- Potential technical breakdown below $18.77 support level
- Increasing volatility may lead to heightened uncertainty and potential price swings
Investment Thesis:
BPI is experiencing a downtrend with weakening momentum signals, high volatility, and no recent news sentiment available. This suggests a bearish bias, with potential for further price declines.
Recent News Sentiment Impact: N/A (no recent news headlines)
Technical Analysis
Trend Direction: Bearish (short-term), Medium-term (bearish), Long-term (neutral)
Support/Resistance Levels: $18.77 (lower Bollinger Band), $21.08 (SMA 20), $23.39 (upper Bollinger Band)
Momentum Signals:
- RSI: 31.99 (neutral)
- MACD: -1.15 / Signal: -0.03 / Histogram: -1.12 (bearish)
- Bollinger Bands: Price touching lower band = oversold
Volume Analysis: Volume SMA 20: 3289.05, On-Balance Volume (OBV): -19795.58, Volume Rate of Change: -48.33%
News & Sentiment Analysis
Recent Headlines Summary: N/A (no recent news headlines)
Sentiment Assessment: N/A (no recent news headlines)
Catalyst Identification: N/A (no recent news headlines)
Market Narrative: No clear market narrative with no recent news sentiment available.
Risk & Volatility Assessment
Beta Interpretation: 1.66 (high risk, relative to SPY)
Volatility Regime: High volatility, suggesting increased risk and uncertainty
Options Market Signals:
- IV Premium vs HV30: N/A (positive = implied richer than realized)
- Put/Call Ratios: N/A
- Unusual Activity: N/A
Downside Protection: Support levels at $18.77 and potential for further price declines.
Market Context & Positioning
Sector Performance: Relative weakness within the sector
Institutional Activity: Volume patterns suggesting institutional interest is low
Correlation Analysis: High correlation with market (R-squared interpretation)
Relative Valuation: Position within trading range, with no clear upside or downside momentum
Key Levels & Action Items
Critical Price Levels: $18.77 (lower Bollinger Band), $21.08 (SMA 20), $23.39 (upper Bollinger Band)
Breakout/Breakdown Levels: Technical levels that could trigger significant moves, such as the SMA 50 or upper/lower Bollinger Bands
Time-Sensitive Catalysts: No immediate catalysts identified
Risk Management: Consider stop-loss levels at $18.77 and potential for further price declines.
Data Interpretation Notes
- RSI: 31.99 (neutral) suggests no clear momentum signal
- MACD: -1.15 / Signal: -0.03 / Histogram: -1.12 (bearish) indicates bearish momentum
- Bollinger Bands: Price touching lower band = oversold, suggesting potential for further price declines
News Impact Assessment
No recent news headlines available.
Risk Assessment Criteria
- High Risk: Beta >1.5, high volatility, negative news sentiment
- Medium Risk: Beta 0.8-1.5, moderate volatility, mixed signals
- Low Risk: Beta <0.8, low volatility, positive fundamentals
Output Format Requirements
- Be Objective: Present both bullish and bearish cases
- Use Specific Data: Reference actual numbers from technical indicators
- Highlight Conflicts: Note when technical and news signals diverge
BPI Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
High volatility - stock moves more than market
BPI Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
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| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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