Nicholas Crypto Income ETF draws investor interest with mixed assets and options income.
- BLOX has pulled in over $4.5 million in new investments since launch.
- The fund combines crypto-related stocks, asset exposure, and options strategy.
- It may add altcoins like Solana when regulators allow.
What Is BLOX?
The Nicholas Crypto Income ETF (BLOX) is a new investment fund that launched on June 17, 2025. It trades on the New York Stock Exchange and is managed by XFUNDs, a division of Nicholas Wealth.
BLOX gives people a way to invest in the crypto market without buying coins directly. It also uses options to provide weekly income for investors.
Three Parts of the Fund
BLOX is made of three parts, or “sleeves.”
The first sleeve holds stocks in companies tied to crypto. These include Coinbase, Nvidia, Core Scientific, and others.
The second sleeve invests in funds that track the price of assets like bitcoin and ether. It can also add exposure to more crypto assets in the future.
The third sleeve uses an options strategy. This includes writing put spreads and covered calls. These trades can earn steady income even if crypto prices don’t move much.
Performance and Growth
Since its launch, BLOX has received around $4.52 million in investments. The total assets now sit at about $4.9 million. Stocks like Coinbase and Core Scientific, which recently went up by 14% and 15% each, have helped boost returns. Thanks to its structure, the fund can earn both from market gains and income trades.
CEO David Nicholas says the fund targets retail investors who want yield. The income is paid weekly from options and dividends.
Altcoins May Join Next
The fund may soon include other crypto assets, like Solana (SOL) and XRP. Once the U.S. SEC approves new ETFs for these coins, BLOX can add them. They plan to edit the fund, not create a new one. This shows that BLOX wants to cover more of the growing crypto world.
Source: coindesk.com
