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BITI vs HBIT

ProShares Short Bitcoin ETF

BITICNYSE Arca

ETF Opportunities Trust – Hedgeye Bitcoin ETF

HBIT—NYSE Arca

Overlap

0.0%by weight

Expense ratio

HBIT −0.32pt a year

BITI1.02%HBIT0.70%

Avg volume · 30D

BITI 112.8×the volume

BITI1.35MHBIT12K

BITI vs HBIT Performance

Sep 30, 2026 – Oct 30, 2026

+8.9%BITI−3.1%HBIT

Sep 30, 2026 to Oct 30, 2026. BITI +8.9%. HBIT −3.1%. Use the arrow keys to read each point.0%2.5%5%7.5%Sep 30Oct 15Oct 30
Expense ratio
BITI 1.02%
HBIT 0.70%, better
Fund size
BITI $73M
HBIT $3M
1Y total return
BITI +25.9%
HBIT No data
Yield (12M)
BITI 29.08%
HBIT No data
Holdings
BITI 3
HBIT 4
Avg volume (30D)
BITI 1.35M sh, better
HBIT 12K sh
NAV per share
BITI $19.17
HBIT $24.91
52W range

ETF.net Grade

  • —HBITNot yet graded
BITI: Cost 22, Risk 39, Mission not scored, Tradability 79, Holdings 50, Durability 81.
Pillar letters and Scores for BITI, HBIT, with each pillar’s weight
PillarBITIHBIT
Cost30% weightF22Not scored
Mission25% weightNot scoredNot scored
Risk15% weightD39Not scored
Tradability15% weightA79Not scored
Holdings10% weightC50Not scored
Durability5% weightA81Not scored

Rank among Bitcoin Derivatives funds

How we build Categories ›

Bitcoin Derivatives⁠

Category · 6 funds
See all 6 ›

BITI ranks 2nd of 6 funds in the Bitcoin Derivatives Category.

  1. Rank 1BBITOProShares Bitcoin ETFScore 56
  2. Rank 2CBITIProShares Short Bitcoin ETFScore 44
  3. Rank 3CBNAVAmplify Fairlead Tactical Bitcoin ETFScore 40
  4. HBITNot yet graded

Our read on each fund

ETF.net Research

BITICProShares Short Bitcoin ETF

HBIT—ETF Opportunities Trust – Hedgeye Bitcoin ETF

In short

BITI The original US short-bitcoin fund. Live since 2022, BITI targets -1x the daily move of the Bloomberg Bitcoin Index without directly shorting any coin, and it resets every day. Cost: 1.02% a year, above the category norm.

HBIT No data

Stated mandate

BITI The Fund seeks daily results, before fees and expenses, that correspond to the inverse of the daily performance of the Bloomberg Bitcoin Index.

HBIT No data

Why people hold it

  • BITI The first US ETF built to go short bitcoin, trading since 2022, so there is a multi-year public record behind the mechanism rather than a brand-new launch.businesswire.com
  • Short exposure inside an ordinary brokerage account: no margin agreement, no coin borrow, no wallet. The fund uses derivatives and does not directly short bitcoin.proshares.comproshares.com 2
  • Actively traded for an inverse crypto product, and it stands in the upper half of its bitcoin-derivatives peer group.
  • The collateral behind the position throws off income: the fund intends to distribute income, if any, monthly, and capital gains at least annually.sec.gov

HBIT No data

Worth knowing

  • BITI Daily reset. Over longer stretches the result is each day's return compounded, which can differ in size and even direction from -1x the index over that same span.sec.gov
  • The prospectus is blunt about the edges: a flat index over time still loses money here, and the full value of an investment can be lost within a single day.sec.govproshares.com
  • At 1.02% a year it costs above the typical fund in its category, and more than its long-side sibling BITO at 0.95%.

HBIT No data

Full BITI profile⁠

Full HBIT profile⁠

BITI vs HBIT Holdings

How BITI and HBIT differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BITI and 0.0% of HBIT.

Level by level

  • Holdings0 in both0.0%
  • Asset classAlternatives100%
  • Countryby domicile100%

Sector

No Sector split for BITI and HBIT.

Country, concentration and asset class

Country by domicile

Country weights in BITI and HBIT, widest gap first
CountryMore in BITIMore in HBIT
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • BITI100.0%
  • HBIT167.2%

Securities held

  • BITI2
  • HBIT3

Asset class

BITI
Alternatives
HBIT
Alternatives

Holdings

  • Only in BITI2
  • In both0
  • Only in HBIT3

Only in BITI

2 securities, 59.3% of BITI by weight

  • Proshares Genius Mny Mkt Etf39.96%
  • TREASURY BILL, 0%, due 2026-11-0519.31%

Only in HBIT

3 securities, 90.4% of HBIT by weight

  • First American Government Obligations Fund 12/01/203167.44%
  • iShares Bitcoin Trust ETF19.19%
  • Ibit 11/20/2026 43.5 P3.77%

Weight gaps

BITI and HBIT share no securities.

All 3 BITI holdings⁠All 5 HBIT holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BITI vs HBIT Cost

Overpaying BITI vs HBIT

$5,406

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BITI 1.02%

    $19,012

  • HBIT 0.70%

    $13,606

$10,000
30 years

Cost over time

  • BITI 1.02%
  • HBIT 0.70%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BITI $19,012HBIT $13,606

Year by year

YearBITIHBITOverpaying
10$1,797$1,250$547
20$6,746$4,760$1,986
30$19,012$13,606$5,406

Expense ratio

  • 1.02%BITI
  • 0.70%HBIT, cheaper
  • Middle half of Bitcoin Derivatives funds
  • Median 0.96%

HBIT cheapest of 6 funds

BITI 5th cheapest of 6 funds

BITI vs HBIT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BITI 29.08%
HBIT No data
Payout (12M)
BITI $5.57
HBIT None
Last payment
BITI $0.04
HBIT No data
Ex-dividend
BITI Oct 1, 2026
HBIT No data
Paid on
BITI Oct 7, 2026
HBIT No data
Frequency
BITI Monthly
HBIT No data

Distribution history

Per share, 2023 to 2026, same scale for both

BITIMonthly · 45 paymentsAll BITI payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.07; Mar 1, 2023 $0.04; Apr 3, 2023 $0.05; May 1, 2023 $0.14; Jun 1, 2023 $0.33; Jul 3, 2023 $0.26; Aug 1, 2023 $0.23; Sep 1, 2023 $0.29; Oct 2, 2023 $0.23; Nov 1, 2023 $0.17; Dec 1, 2023 $0.20; Dec 20, 2023 $0.19; Feb 1, 2024 $0.09; Mar 1, 2024 $0.09; Apr 1, 2024 $0.08; May 1, 2024 $0.10; Jun 3, 2024 $0.10; Jul 1, 2024 $0.08; Aug 1, 2024 $0.10; Sep 3, 2024 $0.09; Oct 1, 2024 $0.07; Nov 1, 2024 $0.06; Dec 2, 2024 $0.03; Dec 23, 2024 $0.05; Feb 3, 2025 $0.03; Mar 3, 2025 $0.03; Apr 1, 2025 $0.04; May 1, 2025 $0.03; Jun 2, 2025 $0.03; Jul 1, 2025 $0.03; Aug 1, 2025 $0.03; Sep 2, 2025 $0.03; Oct 1, 2025 $0.03; Nov 3, 2025 $0.02; Dec 1, 2025 $0.02; Dec 24, 2025 $0.04; Feb 2, 2026 $0.31; Mar 2, 2026 $0.95; Apr 1, 2026 $0.59; May 1, 2026 $0.20; Jun 1, 2026 $0.24; Jul 1, 2026 $1.45; Aug 3, 2026 $1.33; Sep 1, 2026 $0.38; Oct 1, 2026 $0.04. Use the arrow keys to read each point.$0$120232026YTD
HBITAll HBIT payments⁠

No distribution history available.

BITI vs HBIT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BITI 46.4%HBIT No data
Return per unit of riskSharpe ratio, 3 years
BITI −0.69HBIT No data
Worst fallMax drawdown, 5 years
BITI −92.2%since Jun 2022HBIT No data
Market sensitivityBeta, 5 years
BITI −1.41HBIT 0.00

BITI and HBIT in the news

All news⁠

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