BTCI

I am not a huge fan of any sort of income generating Bitcoin asset. The asset is already high risk enough, so messing around with derivatives etc to generate income on the asset is likely to cap upside potential of a high risk asset, which is detrimental over the long-term.

If we are willing to take on the high risk nature of Bitcoin, we need to be capturing the maximum amount of upside in order to justify that risk. This fund has underperformed the overall price of Bitcoin and the price of something like IBIT by around 10%~ over the last 8 months or so.

If it is in a taxable account, the taxes on the distributions erodes returns even further.