Core Viewpoint - The U.S. invasion of Venezuela and the arrest of Nicolas Maduro have led to a rally in bitcoin, with prices exceeding $94,000, raising speculation about a potential return to $100,000 in the near term [1]. Group 1: Bitcoin and BTCI ETF - The NEOS Bitcoin High Income ETF (BTCI) is an actively managed covered call ETF that generates significant income from bitcoin, boasting a distribution rate of 27.25% as of December 31, 2025 [2]. - BTCI's relevance is heightened by the potential regime change in Venezuela, which may impact bitcoin's market dynamics [3]. Group 2: Venezuela's Bitcoin Holdings - Venezuela is rumored to hold approximately 600,000 bitcoin, valued at around $60 billion, which could represent nearly 3% of bitcoin's circulating supply if seized by the U.S. government [4][5]. - The U.S. government's potential seizure of Venezuela's bitcoin holdings could benefit BTCI, especially if the assets are used to bolster national reserves rather than being sold [5]. Group 3: Investment Implications - As a covered call ETF, BTCI may not capture all of bitcoin's upside but can still provide exposure to the cryptocurrency market, making it attractive for income investors during this period of heightened interest in bitcoin [6]. - Reports indicate that Venezuela's accumulation of bitcoin began around 2018, involving the liquidation of gold reserves, which could have significantly increased in value since then [7].