# Grayscale Bitcoin Premium Income ETF (BPI) — Overview

BPI · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/bpi

## Price

Last close $25.35 on Oct 15, 2026. 52-week range $19.21 – $40.51.

## Fund profile

BPI is actively managed, seeking current income through a synthetic covered call strategy on Bitcoin ETPs by investing in options rather than directly in Bitcoin. The fund aims for capital appreciation while providing monthly distributions to investors.

| Metric | Value |
| --- | --- |
| Issuer | Grayscale Advisors, LLC |
| Industry | — |
| Inception | Apr 2, 2025 |
| Assets under management | $2.5M |
| Expense ratio | 0.66% |
| Net asset value | $25.24 (as of Oct 14, 2026) |
| Distributions | Biweekly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Grayscale Bitcoin Premium Income ETF (BPI)?

BPI is actively managed, seeking current income through a synthetic covered call strategy on Bitcoin ETPs by investing in options rather than directly in Bitcoin. The fund aims for capital appreciation while providing monthly distributions to investors.

### What is BPI's expense ratio?

Grayscale Bitcoin Premium Income ETF charges an annual expense ratio of 0.66%. The fund is issued by Grayscale Advisors, LLC.

### How large is BPI?

Grayscale Bitcoin Premium Income ETF manages $2.5M in assets and has traded since Apr 2, 2025.

### How do I buy shares of Grayscale Bitcoin Premium Income ETF (BPI)?

BPI trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).