The Nicholas Crypto Income ETF (BLOX) recently launched on June 17, 2025, aiming to provide diversified exposure to digital assets while generating income through options strategies. As of July 4, the ETF attracted net inflows of $4.52 million, bringing total assets under management to approximately $4.9 million. The fund has a unique three-sleeved structure: it holds equity in publicly listed crypto-related companies, offers exposure to select bitcoin and ether ETFs, and includes an options sleeve designed for income generation through strategies like writing call/put spreads. David Nicholas, CEO of XFUNDs, noted that the options income space is becoming an asset class in its own right, attracting yield-seeking retail investors. The fund captures rallies in its holdings, such as Coinbase and Core Scientific, benefiting from appreciation and income from options premiums. It is also flexible to include additional altcoins as regulatory approvals for ETFs develop. The income generated from options and dividends is distributed weekly to subscribers.

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