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BITO vs BNAV

ProShares Bitcoin ETF

BITOBNYSE Arca

Amplify Fairlead Tactical Bitcoin ETF

BNAVCCboe

Overlap

Expense ratio

BNAV −0.21pt a year

BITO0.95%BNAV0.74%

Avg volume · 30D

BITO 36645.0×the volume

BITO172MBNAV4.7K

BITO vs BNAV Performance

Jul 31, 2026 – Oct 30, 2026

+20.6%BITO+21.6%BNAV

Jul 31, 2026 to Oct 30, 2026. BITO +20.6%. BNAV +21.6%. Use the arrow keys to read each point.0%10%30%Jul 2026Sep 2026Oct 2026
Expense ratio
BITO 0.95%
BNAV 0.74%, better
Fund size
BITO $1.49B
BNAV $3M
1Y total return
BITO −32.3%
BNAV No data
Yield (12M)
BITO 24.14%
BNAV No data
Holdings
BITO 3
BNAV 4
Avg volume (30D)
BITO 172M sh, better
BNAV 4.7K sh
NAV per share
BITO $10.23
BNAV $30.30
52W range

ETF.net Grade

BITO: Cost 51, Risk 46, Mission not scored, Tradability 73, Holdings 50, Durability 91. BNAV: Cost 70, Risk 85, Mission not scored, Tradability 49, Holdings 65, Durability 36.
Pillar letters and Scores for BITO, BNAV, with each pillar’s weight
PillarBITOBNAV
Cost30% weightC51A70Higher
Mission25% weightNot scoredNot scored
Risk15% weightC46A85Higher
Tradability15% weightA73HigherC49
Holdings10% weightC50B65Higher
Durability5% weightA91HigherD36

Rank among Bitcoin Derivatives funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BITO and BNAV are both graded against the same 6 Bitcoin Derivatives funds, so their Grades compare head to head.

Bitcoin Derivatives⁠

Category · 6 funds
See all 6 ›

BITO ranks 1st and BNAV 3rd 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. Rank 4DNGHTNicholas Bitcoin and Treasuries AfterDark ETFScore 35

Our read on each fund

ETF.net Research

BITOBProShares Bitcoin ETF

BNAVCAmplify Fairlead Tactical Bitcoin ETF

In short

BITO The derivatives route to bitcoin: futures and swaps held inside a regular 1940 Act fund, no exchange account, no wallet, no keys. Trading since 2021, heavily traded, and it pushes futures-related gains out as a monthly distribution.

BNAV No data

Stated mandate

BITO The fund seeks capital appreciation through exposure to bitcoin, primarily using bitcoin futures and swaps rather than holding bitcoin directly.

BNAV No data

Why people hold it

  • BITO Bitcoin exposure bought like any stock. The fund uses bitcoin futures and swaps inside a 1940 Act fund wrapper instead of holding coins, so there is no crypto exchange account or private key to manage.proshares.com
  • At 0.95% a year it undercuts the typical fee in its bitcoin-derivatives group, and it stands among the stronger implementations in that small cohort.
  • One of the busiest tickers in the bitcoin-derivatives corner, and a multi-billion-dollar fund. Liquidity like that usually means you get in and out without fighting the spread.
  • A 2021 launch, which makes it one of the longer-running bitcoin funds on a US exchange. ProShares also runs the inverse version, BITI, if you want the other side of the trade.

BNAV No data

Worth knowing

  • BITO You own futures and swaps, not bitcoin. Results follow the futures market, and the cost of rolling contracts forward can leave the fund behind spot bitcoin over long stretches.
  • The monthly payout comes from futures-related gains, not from an interest-paying asset, so the amount moves around with the futures book rather than arriving on a set schedule of size.
  • Bitcoin-linked swings are severe, and roughly 1% a year in fees compounds on top of that. This is the sharp end of the risk spectrum, not a core holding by design.

BNAV No data

Full BITO profile⁠

Full BNAV profile⁠

BITO vs BNAV 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.

BITO vs BNAV Cost

Overpaying BITO vs BNAV

$3,562

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

  • BITO 0.95%

    $17,869

  • BNAV 0.74%

    $14,307

$10,000
30 years

Cost over time

  • BITO 0.95%
  • BNAV 0.74%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BITO $17,869BNAV $14,307

Year by year

YearBITOBNAVOverpaying
10$1,678$1,319$359
20$6,322$5,015$1,307
30$17,869$14,307$3,562

Expense ratio

  • 0.95%BITO
  • 0.74%BNAV, cheaper
  • Middle half of Bitcoin Derivatives funds
  • Median 0.96%

BNAV 2nd cheapest of 6 funds

BITO 3rd cheapest of 6 funds

BITO vs BNAV Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BITO 24.14%
BNAV No data
Payout (12M)
BITO $2.47
BNAV None
Last payment
BITO $0.02
BNAV No data
Ex-dividend
BITO Oct 1, 2026
BNAV No data
Paid on
BITO Oct 7, 2026
BNAV No data
Frequency
BITO Monthly
BNAV No data

Distribution history

Per share, 2023 to 2026, same scale for both

BITOMonthly · 45 paymentsAll BITO payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.15; Mar 1, 2023 $0.10; Apr 3, 2023 $0.46; May 1, 2023 $0.42; Jun 1, 2023 $0.43; Jul 3, 2023 $0.66; Aug 1, 2023 $0.38; Sep 1, 2023 $0.0053; Oct 2, 2023 $0.07; Nov 1, 2023 $0.14; Dec 1, 2023 $0.13; Dec 20, 2023 $0.15; Feb 1, 2024 $0.36; Mar 1, 2024 $0.73; Apr 1, 2024 $1.14; May 1, 2024 $1.68; Jun 3, 2024 $1.77; Jul 1, 2024 $1.50; Aug 1, 2024 $1.45; Sep 3, 2024 $1.21; Oct 1, 2024 $1.09; Nov 1, 2024 $0.99; Dec 2, 2024 $1.00; Dec 23, 2024 $1.11; Feb 3, 2025 $0.94; Mar 3, 2025 $0.72; Apr 1, 2025 $0.36; May 1, 2025 $0.54; Jun 2, 2025 $1.00; Jul 1, 2025 $0.78; Aug 1, 2025 $1.21; Sep 2, 2025 $0.86; Oct 1, 2025 $0.76; Nov 3, 2025 $0.84; Dec 1, 2025 $0.78; Dec 24, 2025 $0.74; Feb 2, 2026 $0.0097; Mar 2, 2026 $0.01; Apr 1, 2026 $0.0061; May 1, 2026 $0.02; Jun 1, 2026 $0.01; Jul 1, 2026 $0.01; Aug 3, 2026 $0.01; Sep 1, 2026 $0.01; Oct 1, 2026 $0.02. Use the arrow keys to read each point.$0$220232026YTD
BNAVAll BNAV payments⁠

No distribution history available.

BITO vs BNAV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BITO 51.1%BNAV No data
Return per unit of riskSharpe ratio, 3 years
BITO 0.55BNAV No data
Worst fallMax drawdown, 5 years
BITO −77.9%BNAV No data
Market sensitivityBeta, 5 years
BITO 1.74BNAV 0.00

BITO and BNAV in the news

All news⁠

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