BPI vs. GFOF

Last updated Jun 30, 2026

BPI (Grayscale Bitcoin Premium Income ETF) and GFOF (Grayscale Future of Finance ETF) are both exchange-traded funds - BPI is a Derivative Income fund actively managed by Grayscale, while GFOF is a Blockchain fund tracking the Bloomberg Grayscale Future of Finance Index. BPI is actively managed, while GFOF is passively managed. BPI charges 0.65%/yr vs 0.70%/yr for GFOF.

Performance

BPI vs. GFOF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Bitcoin Premium Income ETF (BPI) and Grayscale Future of Finance ETF (GFOF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BPI

• 1D: 1.02%
• 1M: -17.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GFOF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BPI vs. GFOF - Yearly Performance Comparison

	2026 (YTD)
BPI Grayscale Bitcoin Premium Income ETF	-19.78%
GFOF Grayscale Future of Finance ETF	0.00%

Return for Risk

BPI vs. GFOF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Premium Income ETF (BPI) and Grayscale Future of Finance ETF (GFOF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	BPI	GFOF	Difference
Max Drawdown Largest peak-to-trough decline	-26.45%	—	—
Current Drawdown Current decline from peak	-25.06%	—	—
Average Drawdown Average peak-to-trough decline	-12.33%	—	—

Volatility

Volatility by Period

	BPI	GFOF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	37.13%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.13%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.13%	—	—

BPI vs. GFOF - Expense Ratio Comparison

BPI has a 0.65% expense ratio, which is lower than GFOF's 0.70% expense ratio.

Dividends

BPI vs. GFOF - Dividend Comparison

BPI's dividend yield for the trailing twelve months is around 3.52%, while GFOF has not paid dividends to shareholders.

Position	TTM	2024	2023
BPI Grayscale Bitcoin Premium Income ETF	3.52%	0.00%	0.00%
GFOF Grayscale Future of Finance ETF	0.00%	2.55%	4.08%

Frequently Asked Questions

Which ETF is better, BPI or GFOF?

On fees, BPI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BPI or GFOF?

BPI is cheaper with a 0.65% expense ratio, compared with 0.70% for GFOF.

Which ETF pays a higher dividend yield, BPI or GFOF?

BPI has the higher dividend yield at 3.52%, compared with 0.00% for GFOF.

What is the main difference between BPI and GFOF?

BPI is categorized as Derivative Income, while GFOF is Blockchain. Their fees differ too: 0.65% for BPI and 0.70% for GFOF.