BLOX: NICHOLAS CRYPTO INCOME ETF
What this ETF is trying to do
The NICHOLAS CRYPTO INCOME ETF (ticker: BLOX) is an exchange-traded fund that focuses on the crypto-related market. It holds a variety of assets, including Bitcoin ETFs and companies involved in the crypto space.
What the numbers show
When looking at BLOX, it is important to understand two different types of returns: price return and total return.
• Price Return: This measures only the change in the ETF's share price. Over the last year, the one-year price return was approximately -50.34%. Year-to-date, the price return is approximately -24.29%.
• Total Return: This includes the change in share price plus any cash distributions paid out to investors. The one-year total return was approximately -28.56%. Year-to-date, the total return is approximately 0.58%.
An estimated price from roughly one year ago was $26.68, while the current price is $13.25.
Income and distribution explanation
BLOX provides a very high distribution yield of approximately 46.09%. This income is paid out very frequently, appearing almost like a weekly payment. In the last 12 months, there were 52 distributions, with most occurring on Fridays.
It is important to remember that a high distribution yield does not mean an investor earned that percentage as a total return. While the distributions provide cash, they do not guarantee that your original investment will stay at the same value.
NAV erosion explanation
The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, the fund has a severe erosion-risk flag. This means StockValueFinder's rules detected significant price deterioration. The fund has an erosion score of 10, which is labeled as "Severe price erosion." This indicates that the market price of the shares has dropped significantly.
Pros
• High Cash Flow: The ETF offers a very high distribution yield and frequent (weekly-like) payouts.
• Crypto Exposure: It provides access to a wide variety of crypto-related assets and companies.
Cons
• Significant Price Decline: The share price has dropped by about 50.34% over the last year.
• High Risk Warning: The fund carries a severe erosion-risk flag due to its price trends.
• Income Rating: The fund has an income rating grade of "F."
Beginner takeaway
BLOX is a crypto-related ETF that pays out very high amounts of cash frequently. However, investors should be aware that the share price has fallen sharply. While the high distributions can provide cash, they have not prevented a large decline in the overall value of the investment over the past year. High yields can sometimes be accompanied by significant price drops.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | OTHER ASSETS AND LIABILITIES | n/a | 33.67% |
| 2 | FIRST AMERICAN GOVERNMENT OBLIGS X | FGXXX | 17.84% |
| 3 | VANECK BITCOIN ETF | HODL | 10.69% |
| 4 | HUT 8 CORP | HUT | 6.98% |
| 5 | FBTC US 02/20/26 C55 | n/a | 5.96% |
| 6 | IREN LTD | IREN | 5.58% |
| 7 | ETHA US 02/20/26 C13 | n/a | 5.31% |
| 8 | RIOT PLATFORMS INC | RIOT | 4.47% |
| 9 | n/a | TSM | 4.44% |
| 10 | CIPHER MINING INC | CIFR | 4.34% |