2x Bitcoin Strategy ETF
BThis 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.
$16.13−0.06 (−0.37%)
- 2.75%
- $1.03B
- −64.8%
- 9.34%
- 9.85M sh
- low $10.09high $47.17
The ETF.net BITX Grade
B
Score 61 out of 100
- 4 of 14
Score 61 of 100 falls in the B 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.D38 out of 100Rank 9 of 14Mission
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.B65 out of 100Rank 3 of 14Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A99 out of 100Rank 1 of 14Holdings
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.A77 out of 100Rank 2 of 14
Our read on BITX
In short
BOne 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.
Stated mandate
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
Worth knowing
BITX 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.
BITX$3,517
Returns run to the Nov 2, 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 | −41.2% |
| 1 month | −18.9% |
| 3 months | +38.8% |
| 1 year | −64.8% |
| 3 years | +7.4% |
| 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 | −41.2% | |
| 2025 | −38.4% | |
| 2024 | +162.9% | |
| 2023 | +47.2% |
BITX in the news
BITX Dividends
- 9.34%
- $1.51
- $0.02 per share
- Monthly
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.
- 106.3%
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.
- 0.49
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.
- 3.22
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
BITX Cost
Overpaying vs BITU, tied cheapest in 2x Long Crypto
$23,397
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
BITX 2.75%
$41,266
BITU 0.95% Tied cheapest
$17,869
Cost over time
Year by year
| Year | BITX | BITU | Overpaying |
|---|---|---|---|
| 10 | $4,509 | $1,678 | $2,831 |
| 20 | $15,708 | $6,322 | $9,386 |
| 30 | $41,266 | $17,869 | $23,397 |
Other funds in 2x Long Crypto
- AETHTProShares Ultra Ether ETFExpense ratio 0.96%1 year return −81.9%
- BBTCLT-Rex 2X Long Bitcoin Daily Target ETFExpense ratio 0.95%1 year return −66.7%
- CUXRPProShares Ultra XRP ETFExpense ratio 1.67%1 year return −88.9%
- CSUILVolatility Shares 2x Sui ETFExpense ratio 1.85%1 year return
- CSLONProShares Ultra Solana ETFExpense ratio 2.14%1 year return −87.4%
