The recently launched crypto ETF BLOX in the US, offering investors diversified access to digital assets and additional income from options strategies, is attracting more attention. As David Nicholas, CEO of XFUNDs, said in an interview with CoinDesk, “the options income space is almost becoming its own asset class.”

The ETF was launched on June 17 on the NYSE and has since collected about $4.52 million in net inflows. “We own 11 companies that we have high conviction will benefit from Bitcoin or Ether appreciation, but they are not crypto assets directly,” Nicholas noted. Top assets include BlackRock Ethereum ETF, Coinbase, Nvidia, MARA, and Core Scientific.

Nicholas also emphasized that the three-sleeve structure — equity, crypto ETFs, and options — allows the fund to profit from asset growth and from premiums generated through options strategies. “That’s what’s great about put spreads — there’s no cap. A put spread is a long, bullish options position,” he explained.

Nicholas further stated that as regulated instruments for altcoins like Solana or XRP appear, the fund is ready to promptly include them in its portfolio.