The Nicholas Crypto Income ETF (BLOX), launched on June 17, has recorded net inflows of $4.52 million as of this week. The actively managed crypto fund, which combines digital asset exposure with income strategies, now manages nearly $4.9 million in assets, according to VettaFi data.
The BLOX ETF is part of the XFUNDS by Nicholas Wealth and it is listed on the NYSE under the ticker BLOX. The ETF was launched in partnership with Tidal Investments LLC to offer a mix of growth and yield across three investment sleeves: equities, crypto ETFs, and options.
“The options income space is almost becoming its own asset class,” said David Nicholas, CEO of Nicholas Wealth, in an interview. He added that the fund is attracting interest from retail investors seeking regular income alongside crypto exposure.
The fund’s equity sleeve invests in publicly listed firms involved in the crypto sector or companies that hold digital assets on their balance sheets. As of Thursday, top holdings included Coinbase, Nvidia, MARA, Core Scientific, and BlackRock’s spot Ethereum ETF.
The second sleeve holds a mix of regulated bitcoin and Ether ETFs, with the flexibility to include other digital assets through new regulatory approvals. The final sleeve writes calls and puts spreads on its crypto and equity positions to generate income.
For example, the fund reportedly captured Coinbase’s 14% gain during the final week of June and Core Scientific’s 15% rally, while also generating income through options premiums. The income, including dividends, is paid out weekly to subscribers.
Nicholas added that the fund is open to including altcoins like Solana once spot ETFs tied to them receive SEC approval. “We wouldn’t need a new ETF,” he said. “We’d just edit the existing structure to include new assets.”
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