ProShares - Ultra Bitcoin ETF
This 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.
$15.46−0.78 (−4.77%)
History starts Apr 2, 2024.
- Expense ratio
- 0.98%
- Fund size
- $570M
- 1Y return
- −58.6%
- Yield · Last 12 months
- 43.25%
- Holdings
- 5
- Volume · 30D
- 4.7M sh
- NAV per share
- $14.48
- 52W range
The ETF.net BITU Grade
Score 80 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 93Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 55Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 82Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 80Category rank
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
- 5
- 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.
BITU$4,136
Returns run to the Sep 22, 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 | −25.6% |
| 1 month | +22.0% |
| 3 months | +66.0% |
| 1 year | −58.6% |
| 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 | −25.6% | |
| 2025 | −36.8% | |
| 2024 | +37.9% |
BITU in the news
BITU Dividends
- 43.25%
- $7.02
- $0.01 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 8, 2026 | $0.01 |
| Aug 3, 2026 | Aug 7, 2026 | $0.02 |
| Jul 1, 2026 | Jul 8, 2026 | $0.01 |
| Jun 1, 2026 | Jun 5, 2026 | $0.01 |
| May 1, 2026 | May 7, 2026 | $0.01 |
| Apr 1, 2026 | Apr 8, 2026 | $0.01 |
| Mar 2, 2026 | Mar 6, 2026 | $0.02 |
| Feb 2, 2026 | Feb 6, 2026 | $0.03 |
| Dec 24, 2025 | Dec 31, 2025 | $5.73 |
| Dec 1, 2025 | Dec 5, 2025 | $0.43 |
| Nov 3, 2025 | Nov 7, 2025 | $0.40 |
| Oct 1, 2025 | Oct 7, 2025 | $0.33 |
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.
- 96.6%
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.
- 0.25
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.
- 3.52
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 15 2x Long Crypto funds charge less.