I need someone to educate me here.
I understand that there is risk in bitcoin itself.
But for some magical reason, NEOS income ETFs just don’t have any NAV erosion like other high yield etfs do. You can see on the graph, where it just followed the bitcoin price while giving 25% dividend yield last year.
So where is the risk here? How is NEOS doing this?
It still sounds too good to be true though.
I have a positive outlook for bitcoin rn and I’m thinking of buying BTCI, so I want some input.