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BITO vs HBIT

ProShares Bitcoin ETF

BITOBNYSE Arca

ETF Opportunities Trust – Hedgeye Bitcoin ETF

HBIT—NYSE Arca

Overlap

0.0%by weight

Expense ratio

HBIT −0.25pt a year

BITO0.95%HBIT0.70%

Avg volume · 30D

BITO 14395.7×the volume

BITO172MHBIT12K

BITO vs HBIT Performance

Sep 30, 2026 – Oct 30, 2026

−8.5%BITO−3.1%HBIT

Sep 30, 2026 to Oct 30, 2026. BITO −8.5%. HBIT −3.1%. Use the arrow keys to read each point.−6%0%2%Sep 30Oct 15Oct 30
Expense ratio
BITO 0.95%
HBIT 0.70%, better
Fund size
BITO $1.49B
HBIT $3M
1Y total return
BITO −32.3%
HBIT No data
Yield (12M)
BITO 24.14%
HBIT No data
Holdings
BITO 3
HBIT 4
Avg volume (30D)
BITO 172M sh, better
HBIT 12K sh
NAV per share
BITO $10.23
HBIT $24.91
52W range

ETF.net Grade

  • —HBITNot yet graded
BITO: Cost 51, Risk 46, Mission not scored, Tradability 73, Holdings 50, Durability 91.
Pillar letters and Scores for BITO, HBIT, with each pillar’s weight
PillarBITOHBIT
Cost30% weightC51Not scored
Mission25% weightNot scoredNot scored
Risk15% weightC46Not scored
Tradability15% weightA73Not scored
Holdings10% weightC50Not scored
Durability5% weightA91Not scored

Rank among Bitcoin Derivatives funds

How we build Categories ›

Our read on each fund

ETF.net Research

BITOBProShares Bitcoin ETF

HBIT—ETF Opportunities Trust – Hedgeye 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.

HBIT 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.

HBIT 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.

HBIT 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.

HBIT No data

Full BITO profile⁠

Full HBIT profile⁠

BITO vs HBIT Holdings

How BITO and HBIT differ

Overlap by weight

0.0%

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

Level by level

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

Sector

No Sector split for HBIT.

Country, concentration and asset class

Country by domicile

Country weights in BITO and HBIT, widest gap first
CountryMore in BITOMore in HBIT
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • BITO100.0%
  • HBIT167.2%

Securities held

  • BITO2
  • HBIT3

Asset class

BITO
Alternatives
HBIT
Alternatives

Holdings

  • Only in BITO2
  • In both0
  • Only in HBIT3

Only in BITO

2 securities, 70.8% of BITO by weight

  • Proshares Genius Mny Mkt Etf44.46%
  • TREASURY BILL, 0%, due 2026-11-0526.31%

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

BITO and HBIT share no securities.

All 5 BITO 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.

BITO vs HBIT Cost

Overpaying BITO vs HBIT

$4,263

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

  • BITO 0.95%

    $17,869

  • HBIT 0.70%

    $13,606

$10,000
30 years

Cost over time

  • BITO 0.95%
  • 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$20K051015202530BITO $17,869HBIT $13,606

Year by year

YearBITOHBITOverpaying
10$1,678$1,250$428
20$6,322$4,760$1,562
30$17,869$13,606$4,263

Expense ratio

  • 0.95%BITO
  • 0.70%HBIT, cheaper
  • Middle half of Bitcoin Derivatives funds
  • Median 0.96%

HBIT cheapest of 6 funds

BITO 3rd cheapest of 6 funds

BITO vs HBIT Dividends

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

No distribution history available.

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

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