Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Fund Details
Upturn AI Summary
Nicholas Crypto Income ETF(BLOX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for BLOX
10/02/2026: BLOX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
The Nicholas Crypto Income ETF (BLOX) is an actively managed fund designed for investors seeking income from the volatile blockchain and cryptocurrency equity sector. By holding a portfolio of digital asset-related stocks and utilizing an options overlay, it aims to generate yield that is otherwise scarce in this industry. Its main strength lies in this specialized, active approach to income, though it carries higher fees and lower liquidity compared to massive passive peers. The primary risks involve the high beta of the underlying holdings and the structural risk of potential call-writing capping capital appreciation. It is most suitable for investors comfortable with high volatility who prioritize cash flow over pure price momentum.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The options overlay may cap the upside potential that growth investors typically seek. |
| Momentum investor | Strong fit while signal remains positive | Momentum traders may benefit from the fund's exposure to high-beta crypto-linked stocks during bull runs. |
| Value investor | Weak fit | The underlying blockchain companies often command high valuations, which may not align with traditional value metrics. |
| Dividend/Income investor | Strong fit | This fund is specifically designed to generate income from assets that otherwise pay little to no dividends. |
| Low-risk investor | Weak fit | The inherent volatility of crypto and blockchain-related equities makes this unsuitable for low-risk portfolios. |
Investor Profile
Ideal Investor Profile
Income-focused investors who are bullish on the long-term potential of blockchain technology but wish to generate cash flow in the interim.
Suitability
Best for long-term investors comfortable with high sector-specific risk who are looking to diversify their income sources.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | The underlying blockchain equities are subject to extreme price swings. |
| Market risk | High | The fund is highly susceptible to broad downturns in the cryptocurrency and tech sectors. |
| Concentration | Medium / high | The portfolio is concentrated in a single, high-risk industry. |
| Tracking/expense | Medium | Active management and options strategies result in higher costs than passive alternatives. |
| Liquidity | Medium | Lower trading volume can lead to higher transaction costs for larger orders. |
| Business/sector quality | High | Many firms in the blockchain space are still in early growth stages with uncertain profitability. |
Risk Analysis
Volatility
The fund exhibits high volatility due to the underlying asset class.
Market Risk
Significant exposure to the cyclical and speculative nature of the cryptocurrency market.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Industry | Blockchain and Digital Asset Infrastructure Equities | 90 | This component provides direct exposure to the growth of the blockchain industry. |
| Derivatives | Call Options (Income Generation) | 5 | Selling call options helps generate income by trading away some potential upside appreciation. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Liquidity is maintained for operational needs and tactical position management. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type ETF | Historic Profit -4.72% | Avg. Invested days 23 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/02/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 30, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $303.80M |
| Issuer | Nicholas Wealth, LLC |
| Expense Ratio | 99% |
| Distribution Yield | 47.71% |
| Inception | Jun 16, 2025 |
Performance
| Period | Total Return |
|---|---|
| YTD | +3.43% |
| 1 Year | -12.39% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 48.9% |
| 3Y Volatility | 0% |
| 3Y Sharpe Ratio | 0 |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Small Cap | 23.80% |
| Mid Cap | 7.70% |
| Mega Cap | 6.09% |
| Large Cap | 2.19% |
Top Sectors
| Sector | Weight |
|---|---|
| Financial Services | 65.97% |
| Technology | 34.03% |
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 19.89x |
| Portfolio P/B | 1.25x |
| Portfolio P/S | 2.13x |
Top Holdings
| Holding | Weight |
|---|---|
| Fidelity Wise Origin Bitcoin Trust | 17.28% |
| iShares Ethereum Trust ETF | 7.97% |
| Nicholas Bitcoin and Treasuries AfterDark ETF | 5.48% |
| BitMine Immersion Technologies | 4.59% |
| Hut 8. Common Stock | 4.01% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.