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BITU vs BTCL

ProShares Ultra Bitcoin ETF

BITUANYSE Arca

T-Rex 2X Long Bitcoin Daily Target ETF

BTCLBCboe

Overlap

0.0%by weight

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

BITU0.95%BTCL0.95%

Avg volume · 30D

BITU 58.7×the volume

BITU4.37MBTCL74.4K

BITU vs BTCL Performance

Oct 31, 2025 – Oct 30, 2026

−65.6%BITU−66.6%BTCL

Oct 31, 2025 to Oct 30, 2026. BITU −65.6%. BTCL −66.6%. Use the arrow keys to read each point.−40%−20%0%Oct 2025Apr 2026Oct 2026
Expense ratio
BITU 0.95%
BTCL 0.95%
Fund size
BITU $478M
BTCL $35M
1Y total return
BITU −65.6%, better
BTCL −66.6%
Yield (12M)
BITU 53.60%, better
BTCL 2.98%
Holdings
BITU 1
BTCL 3
Avg volume (30D)
BITU 4.37M sh, better
BTCL 74.4K sh
NAV per share
BITU $12.52
BTCL $18.33
52W range

ETF.net Grade

BITU: Cost 91, Risk 65, Mission not scored, Tradability 84, Holdings not scored, Durability 78. BTCL: Cost 91, Risk 63, Mission not scored, Tradability 22, Holdings not scored, Durability 53.
Pillar letters and Scores for BITU, BTCL, with each pillar’s weight
PillarBITUBTCL
Cost30% weightA91A91
Mission25% weightNot scoredNot scored
Risk15% weightB65HigherB63
Tradability15% weightA84HigherF22
Holdings10% weightNot scoredNot scored
Durability5% weightA78HigherC53

Rank among 2x Long Crypto funds

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

Same Category. BITU and BTCL are both graded against the same 14 2x Long Crypto funds, so their Grades compare head to head.

2x Long Crypto⁠

Category · 14 funds
See all 14 ›

BITU ranks 1st and BTCL 3rd of 14 funds in the 2x Long Crypto Category.

  1. Rank 1ABITUProShares Ultra Bitcoin ETFScore 82
  2. Rank 2AETHTProShares Ultra Ether ETFScore 76
  3. Rank 3BBTCLT-Rex 2X Long Bitcoin Daily Target ETFScore 65
  4. Rank 4BBITX2x Bitcoin Strategy ETFScore 61

Our read on each fund

ETF.net Research

BITUAProShares Ultra Bitcoin ETF

BTCLBT-Rex 2X Long Bitcoin Daily Target ETF

In short

BITU ProShares' double-speed bitcoin trade. BITU targets 2x the daily move of the Bloomberg Bitcoin Index using swaps and futures, never the coin itself, for 0.95% inside an ordinary brokerage account.

BTCL No data

Stated mandate

BITU BITU seeks daily investment results corresponding to two times the daily performance of the Bloomberg Bitcoin Index, before fees and expenses.

BTCL No data

Why people hold it

  • BITU 0.95%, with gross and net the same, so no expiring waiver is propping up the price. BITX charges 2.75% for the same 2x bitcoin idea. Below the median fee in the leveraged crypto category.
  • A 1940 Act registered fund bought like any stock: no wallet, no exchange account, no private keys to lose.proshares.com
  • The reference point is the Bloomberg Bitcoin Index, Bloomberg's measure of a single bitcoin priced in USD, not a basket or a miner proxy.proshares.com
  • Among the leveraged crypto funds we grade, it stands near the top of the group on cost and day-to-day tradability.

BTCL No data

Worth knowing

  • BITU The 2x target applies to a single day and resets. Hold longer and volatility compounding takes over, so multi-day results can land meaningfully above or below 2x the index.proshares.com
  • Double the move of one of the most volatile assets traded. That cuts both ways: drawdowns arrive twice as fast.
  • No coins here. Exposure comes from swaps and futures per the prospectus, and the fund's own history only starts in 2024.proshares.com

BTCL No data

Full BITU profile⁠

Full BTCL profile⁠

BITU vs BTCL Holdings

How BITU and BTCL differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BITU and 0.0% of BTCL.

Level by level

  • Asset classAlternatives, Equity0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for BITU and BTCL.

Country, concentration and asset class

Country by domicile

No country split for BITU and BTCL.

Concentration

Weight in the 10 largest Holdings

  • BITU100.0%
  • BTCL210.2%

Securities held

  • BITU0
  • BTCL1

Asset class

BITU
Alternatives
BTCL
Equity

Holdings

  • Only in BITU0
  • In both0
  • Only in BTCL1

Only in BITU

0 securities, 0.0% of BITU by weight

Only in BTCL

1 security, 10.0% of BTCL by weight

  • First American Treasury Obligations Fund 01/01/20409.98%

Weight gaps

BITU and BTCL share no securities.

All 5 BITU holdings⁠All 4 BTCL 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.

BITU vs BTCL Cost

Same expense ratio

$17,869

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

  • BITU 0.95%

    $17,869

  • BTCL 0.95%

    $17,869

$10,000
30 years

Cost over time

  • BITU 0.95%
  • BTCL 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BITU $17,869BTCL $17,869

Year by year

YearBITUBTCL
10$1,678$1,678
20$6,322$6,322
30$17,869$17,869

Expense ratio

  • 0.95%BITU
  • 0.95%BTCL
  • Middle half of 2x Long Crypto funds
  • Median 2.02%

BITU cheapest of 14 funds

BTCL cheapest of 14 funds

BITU vs BTCL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BITU 53.60%, better
BTCL 2.98%
Payout (12M)
BITU $6.71
BTCL $0.49
Last payment
BITU $0.0088
BTCL $0.49
Ex-dividend
BITU Oct 1, 2026
BTCL Dec 24, 2025
Paid on
BITU Oct 7, 2026
BTCL No data
Frequency
BITU Monthly
BTCL Annual

Distribution history

Per share, 2024 to 2026, same scale for both

BITUMonthly · 24 paymentsAll BITU payments⁠
One bar per payment. 24 payments from 2024 to 2026 YTD. May 1, 2024 $0.02; Jun 3, 2024 $0.02; Jul 1, 2024 $0.02; Aug 1, 2024 $0.0082; Dec 23, 2024 $0.0045; Feb 3, 2025 $1.21; Mar 3, 2025 $0.79; Jun 2, 2025 $0.58; Jul 1, 2025 $0.18; Aug 1, 2025 $0.97; Sep 2, 2025 $0.49; Oct 1, 2025 $0.33; Nov 3, 2025 $0.40; Dec 1, 2025 $0.43; Dec 24, 2025 $5.73; Feb 2, 2026 $0.03; Mar 2, 2026 $0.02; Apr 1, 2026 $0.01; May 1, 2026 $0.01; Jun 1, 2026 $0.01; Jul 1, 2026 $0.01; Aug 3, 2026 $0.02; Sep 1, 2026 $0.01; Oct 1, 2026 $0.0088. Use the arrow keys to read each point.$0$52026YTD
BTCLAnnual · 2 paymentsAll BTCL payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 24, 2024 $2.12; Dec 24, 2025 $0.49. Use the arrow keys to read each point.$0$52026YTD

BITU vs BTCL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BITU 94.2%since May 2024BTCL 96.6%since Aug 2024
Return per unit of riskSharpe ratio, 3 years
BITU 0.20since May 2024BTCL 0.13since Aug 2024
Worst fallMax drawdown, 5 years
BITU −83.4%since Apr 2024BTCL −84.0%since Jul 2024
Market sensitivityBeta, 5 years
BITU 3.42BTCL 1.87

BITU and BTCL in the news

All news⁠

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