Bitcoin Income ETF Sees Year-End Outflows as Volatility Tests Payout Promise
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The NEOS Bitcoin High Income ETF, BTCI, closed out the year with notable redemptions, recording approximately $2.2 million in net outflows on December 29, 2025. The move, while modest at about 0.22% of its $992.0 million in assets under management (AUM), signals investors’ growing caution around income-oriented crypto strategies amid renewed turbulence in the underlying market.
The latest pullback comes as the fund, which blends bitcoin exposure with an options-based income overlay, navigates a sharply weaker backdrop for its core asset. The related asset, BTC-USD, is trading around $89,769.99, down roughly 26.17% over the past three months. Despite that drawdown, the short-term tone remains indecisive, with the 1-day technical signal flashing Hold.
For investors in BTCI, the tension is clear: the options premium harvested in the ETF’s income strategy can look attractive in volatile markets, but sustained price weakness in bitcoin erodes capital values and may spur profit-taking or risk reduction, particularly around year-end portfolio rebalancing. The latest outflow, though small relative to AUM, suggests some holders are trimming exposure rather than leaning into the recent price reset.
Whether these redemptions prove a brief bout of positioning or the start of a broader reassessment of high-income crypto products will likely hinge on bitcoin’s next leg. A stabilization in BTC-USD could restore confidence in BTCI’s yield-focused mandate, while further downside might push more investors to the sidelines. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.