2x Bitcoin Strategy 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.
$19.98−1.03 (−4.93%)
History starts Jun 27, 2023.
- Expense ratio
- 2.75%
- Fund size
- $1.4B
- 1Y return
- −57.9%
- Yield · Last 12 months
- 12.59%
- Holdings
- 3
- Volume · 30D
- 10.1M sh
- NAV per share
- $21.14
- 52W range
The ETF.net BITX Grade
Score 53 of 100 sits in the C 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.FScore 21Category 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 66Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 96Category 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 77Category rank
Our read on BITX
COne of the original 2x bitcoin funds, live since 2023. BITX aims for twice the daily move of a bitcoin futures index, resets that math every day, and trades heavily. High-octane, priced like it, and built for days rather than decades.
The Fund seeks daily results equal to twice the daily performance of the S&P CME Bitcoin Futures Daily Roll Index, before fees and expenses.
Why people hold it
- Aims for twice the daily move of the S&P CME Bitcoin Futures Daily Roll Index inside an ordinary 1940 Act ETF. No margin account, no wallet, no crypto exchange login.
- Very actively traded, so getting in and out is rarely the hard part. That matters in a product built around single-day exposure.
- Trading since 2023, a long operating history for geared crypto, and it makes distributions on a monthly cadence.
Worth knowing
- At 2.75% a year, it is the expensive lane to this trade. Its peer group's median is 1.89%, and ProShares' BITU charges 0.98% for 2x bitcoin exposure.
- The 2x target resets daily. Over longer holds, choppy markets compound against you, and multi-day results can land well away from twice bitcoin's move.
- The reference is a bitcoin futures index, not spot bitcoin, so futures roll mechanics sit between you and the coin price.
BITX Holdings
- Other
- 3
- 100%
- CME Bitcoin Fut Oct26
BITX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
BITX$4,212
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 | BITX |
|---|---|
| Year to date | −23.6% |
| 1 month | +22.3% |
| 3 months | +68.0% |
| 1 year | −57.9% |
| 3 years | +39.5% |
| 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 | BITX |
|---|---|---|
| 2026 YTD | −23.6% | |
| 2025 | −38.4% | |
| 2024 | +162.9% | |
| 2023 | +47.2% |
BITX in the news
BITX Dividends
- 12.59%
- $2.65
- $0.01 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 19, 2026 | Aug 20, 2026 | $0.01 |
| Jul 22, 2026 | Jul 23, 2026 | $0.01 |
| Jun 17, 2026 | Jun 18, 2026 | $0.02 |
| May 20, 2026 | May 21, 2026 | $0.02 |
| Apr 22, 2026 | Apr 23, 2026 | $0.02 |
| Mar 18, 2026 | Mar 19, 2026 | $0.02 |
| Feb 18, 2026 | Feb 19, 2026 | $0.02 |
| Jan 21, 2026 | Jan 22, 2026 | $0.03 |
| Dec 15, 2025 | Dec 16, 2025 | $0.74 |
| Nov 25, 2025 | Nov 26, 2025 | $0.57 |
| Oct 29, 2025 | Oct 30, 2025 | $0.57 |
| Sep 26, 2025 | Sep 29, 2025 | $0.61 |
BITX 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.
- 110.2%
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.
- 0.69
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.
- 3.26
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BITX Cost
2.75%
BITX2.75%
- The middle half of 2x Long Crypto funds
- Median 1.89%
11 of the 15 2x Long Crypto funds charge less.