Skip to content
etf.net

Launched

Direxion Daily Bitcoin Bull 2X ETF

BTCUNYSE ArcaBThis 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.

$26.75+0.30 (+1.13%)

As of Oct 13, 2026, 3:59 PM

B55/ 100

Rank 64 of 380 in Single-Stock Long Leveraged

B55/100Rank 64 of 380inSingle-Stock Long Leveraged
Intraday session: up, 50 prints from 26.45 to 26.75. Range 26.45 to 27.11. Use the arrow keys to read each point.26.6026.9027.0027.1010 AM12 PM2 PM4 PM
Expense ratio
1.15%
Fund size
$7M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
8
Avg volume · 30D
0M sh
NAV per share
$26.19
52W range
low $14.11high $29.58
Launched

The ETF.net BTCU Grade

Based on 4 of 6 pillars

B

Score 55 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
64 of 380
Six-pillar profile for BTCU. Scores out of 100: Cost 41, Risk 82, Mission not scored, Tradability 59, Holdings not scored, Durability 56. Strongest: Risk (82). Weakest: Cost (41). Based on 4 of 6 pillars.

Score 55 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.
    C41 out of 100
    Rank 224 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A82 out of 100
    Rank 28 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B59 out of 100
    Rank 125 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B56 out of 100
    Rank 152 of 380

Our read on BTCU

ETF.net Research

BBTCU aims for 200% of bitcoin's daily price move, built off a spot bitcoin ETF instead of futures. Leveraged crypto that settles into a regular brokerage account: no wallet, no exchange login.

Stated mandate

BTCU seeks daily investment results equal to 200% of Bitcoin's price performance before fees and expenses.

Why people hold it

  1. 01Leverage on spot: the prospectus names iShares Bitcoin Trust (IBIT) as the initial reference, so the 2X daily target rides a spot bitcoin ETF, not a futures curve.direxion.com
  2. 02Fee lands right at the median for 2X single-asset funds at 1.15%; Direxion notes it would be 0.95% without the reference ETP's acquired fund fees.direxion.com
  3. 03No wallet, no exchange account, no private keys. The exposure arrives through derivatives inside an ETF you buy like any other ticker.direxion.com

Worth knowing

  1. 01Daily reset: hold past one day and compounding takes over, so results over a week or a month can drift well away from 2X bitcoin's move for that stretch.direxion.com
  2. 02Direxion says it plainly: this is not equivalent to owning bitcoin. You hold swap exposure tied to a reference ETP, not coins in your name.direxion.com
  3. 03A 2026 launch with a small asset base and thin trading, which tends to mean wider spreads than the veterans of the leveraged shelf.

BTCU Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
8
Top-10 weight
100%
Largest holding
Ibit Swap Asset Leg (Ibitbcl)23.9%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Ibit Swap Asset Leg (Ibitbcl)23.94%102,488$5M1
002—Ibit Swap Asset Leg (Ibitgsl)16.91%72,367$3M1
003—Ibit Swap Asset Leg (Ibitctl)14.66%62,741$3M1
004—Ibit Swap Asset Leg (Ibitmll)10.22%43,746$2M1
005—Dreyfus Trsry Securities Cash Mgmt9.04%1,800,542$2M84
006—Goldman Finl Sq Trsry Inst 5068.74%1,740,959$2M98
007—Dreyfus Govt Cash Man Ins8.27%1,648,437$2M108
008—Goldman Sachs Fin Gov 465 Institut8.23%1,640,000$2M76

Showing 1–8 of 8 holdings

BTCU Performance

Launched May 27, 2026

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.Not enough history yet.Not enough history yet.
BTCU$15,686
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. BTCU $15,686. SPY $10,332. Use the arrow keys to read each point.$8,828$13,434$18,039Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

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.

Trailing total return for BTCU. Periods over one year show the average yearly return.
PeriodBTCU
Year to dateFund launched this year—
1 month+11.9%
3 months+56.9%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BTCU
YearReturn barBTCU
2026 YTD+9.5%

Since listing, May 27, 2026

BTCU in the news

Filtered to BTCU · Single-Stock Long Leveraged

BTCU Dividends

Last payment
$0.16 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 2 payments in 2026 YTD. Jun 23, 2026 $0.04; Sep 22, 2026 $0.16. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.16
Jun 23, 2026Jun 30, 2026$0.04

BTCU 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.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched May 2026; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched May 2026; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
0.00
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BTCU Cost

Expense ratio1.15%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

224 of the 333 Single-Stock Long Leveraged funds charge less.

BTCU costs $115.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

Other funds in Single-Stock Long Leveraged

See others