2x Bitcoin Strategy ETF
CThis 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.
$19.30+0.20 (+1.05%)
- 2.75%
- $1.2B
- −63.9%
- 10.74%
- 10.4M sh
- $18.89
- low $10.09high $68.81
The ETF.net BITX Grade
C
Score 52 out of 100
- 5 of 15
Score 52 of 100 falls in the C 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.F21 out of 100Rank 12 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.A100 out of 100Rank 1 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.A77 out of 100Rank 2 of 15
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 Nov26
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$3,611
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 | BITX |
|---|---|
| Year to date | −30.5% |
| 1 month | +12.3% |
| 3 months | +57.2% |
| 1 year | −63.9% |
| 3 years | +35.4% |
| 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 | −30.5% | |
| 2025 | −38.4% | |
| 2024 | +162.9% | |
| 2023 | +47.2% |
BITX in the news
BITX Dividends
- 10.74%
- $2.05
- $0.02 per share
- Monthly
Distribution history
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.
- 0.71
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.
BITX Cost
2.75%
BITX2.75%
- The middle half of 2x Long Crypto funds
- Median 1.89%
10 of the 14 2x Long Crypto funds charge less.
Other funds in 2x Long Crypto
- 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%
- CSUILVolatility Shares Trust - 2x Sui ETFExpense ratio 1.85%1 year return —
- CTXXH21Shares 2x Long HYPE ETFExpense ratio 1.89%1 year return —
- CEVMUDirexion Daily Ether Bull 2X ETFExpense ratio 1.05%1 year return —