ProShares - Ultra Bitcoin ETF
AThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$14.93+0.14 (+0.98%)
- 0.98%
- $586M
- −64.5%
- 45.34%
- 4.8M sh
- $14.80
- low $7.92high $53.94
The ETF.net BITU Grade
A
Score 81 out of 100
- 1 of 15
Score 81 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A93 out of 100Rank 2 of 15Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B60 out of 100Rank 5 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A83 out of 100Rank 3 of 15Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A80 out of 100Rank 1 of 15
Our read on BITU
AA 2x bitcoin fund that doesn't charge like one. BITU aims for two times the daily move of the Bloomberg Bitcoin Index, and does it at 0.98% a year inside a plain 1940 Act ETF wrapper.
BITU seeks daily investment results corresponding to two times the daily performance of the Bloomberg Bitcoin Index, before fees and expenses.
Why people hold it
- Cheapest fee in its leveraged crypto peer group: 0.98% a year, about half the cohort median and well under BITX at 2.75%.
- The 2x target is measured against the Bloomberg Bitcoin Index, a named third-party benchmark, not an in-house futures strategy the manager defines itself.
- Ordinary 1940 Act ETF structure from ProShares, trading since 2024, and one of the more actively traded names on the leveraged crypto shelf.
Worth knowing
- The 2x objective resets daily. Hold longer and compounding takes over, so multi-day results can land far from twice the period's move, especially in choppy markets.
- Double leverage on an asset that already swings hard: drawdowns arrive magnified, same as gains.
- Short history. It launched in 2024, so there's limited track record across a full crypto cycle.
BITU Holdings
- Other
- 1
- 100%
- Net Other Assets (Liabilities)
BITU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
BITU$3,550
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BITU |
|---|---|
| Year to date | −32.2% |
| 1 month | +12.1% |
| 3 months | +56.3% |
| 1 year | −64.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BITU |
|---|---|---|
| 2026 YTD | −32.2% | |
| 2025 | −36.8% | |
| 2024 | +37.9% |
BITU in the news
BITU Dividends
- 45.34%
- $6.71
- $0.0088 per share
- Monthly
Distribution history
BITU Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 95.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.28
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −83.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 3.42
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BITU Cost
0.98%
BITU0.98%
- The middle half of 2x Long Crypto funds
- Median 1.89%
1 of the 14 2x Long Crypto funds charge less.
Other funds in 2x Long Crypto
- AETHTProShares - Ultra Ether ETFExpense ratio 1.02%1 year return −78.8%
- ABTCLWorld Funds Trust - T-Rex 2X Long Bitcoin Daily Target ETFExpense ratio 0.95%1 year return −65.7%
- BUXRPProShares - Ultra XRP ETFExpense ratio 1.67%1 year return −88.4%
- CBITX2x Bitcoin Strategy ETFExpense ratio 2.75%1 year return −63.9%
- CSUILVolatility Shares Trust - 2x Sui ETFExpense ratio 1.85%1 year return —