# BPI ETF returns, drawdowns and dividends

> BPI (Grayscale Bitcoin Premium Income ETF): 1-year total return -23.86%, price return -37.06%, max drawdown 52.59%, trailing yield 20.39%. Daily data through Oct. 26, 2026.

Source: https://findetfstock.com/etf/bpi/ · Prices through: 2026-10-26 · Data: Yahoo Finance daily closes and ex-dividend amounts

Grayscale Bitcoin Premium Income ETF (option income ETF). Total assets: $2.6M, average daily dollar volume $36K (3 months), as of 2026-10-26 (Yahoo Finance; fund net assets, all share classes).

BPI lost 23.86% over the past year with dividends reinvested (-37.06% on price alone), based on closing prices through Oct. 26, 2026. Its largest fall from a peak over the past year was 52.59%, and it closed 43.81% below its highest close since Sept. 22, 2025 ($43.93 on Oct. 6, 2025). It made 24 dividend payments in the last 12 months: $5.03 per share over the last 12 months, a trailing yield of 20.39%. 

## Returns by period

| Period | Since | Total return | Price return |
|---|---|---|---|
| 1 month | 2026-09-25 | -2.91% | -4.67% |
| 3 months | 2026-07-24 | +23.70% | +18.86% |
| 6 months | 2026-04-24 | +4.18% | -4.40% |
| Year to date | 2025-12-31 | -5.47% | -18.09% |
| 1 year | 2025-10-24 | -23.86% | -37.06% |
| 3 years | – | – | – |
| Since first close | 2025-09-22 | -25.07% (-23.21%/yr) | -39.15% (-36.54%/yr) |

Total return reinvests every dividend at the ex-dividend date close. Price return excludes dividends.

## Did the payouts keep up with the price?

Over the past year BPI paid out 12.83% of its starting price in distributions, while its price changed -37.06%. Reinvesting every payment gave a total return of -23.86%. The distributions did not make up for the fall in price, so a holder ended the year with less than they started with, even counting every payment.

## Calendar-year returns

| Year | Total return | Price return |
|---|---|---|
| 2026 (year to date) | -5.47% | -18.09% |

## Drawdowns

| Measure | Value |
|---|---|
| Max drawdown, 1 year | 52.59% |
| Max drawdown, 3 years | 56.28% |
| Max drawdown, 5 years | 56.28% |
| Highest close since 2025-09-22 | $43.93 on 2025-10-06 (-43.81% from there) |
| 52-week closing range | $19.20 to $40.51 |

Deepest fall in the stored history: 56.28%, from 2025-10-06 to 2026-06-30, not yet recovered.

## Dividends

Trailing 12 months: $5.03 per share in 24 payments, yield 20.39%. Last ex-dividend date: 2026-10-14 ($0.21).

| Year | Dividends per share | Payments |
|---|---|---|
| 2026 (so far) | $3.44 | 19 |

Historical data for research and education, not investment advice. Methodology: https://findetfstock.com/methodology/