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BITU vs ETHT

ProShares Ultra Bitcoin ETF

BITUANYSE Arca

ProShares Ultra Ether ETF

ETHTANYSE Arca

Overlap

100%by weight

Expense ratio

BITU −0.01pt a year

BITU0.95%ETHT0.96%

Avg volume · 30D

BITU 2.5×the volume

BITU4.37METHT1.72M

BITU vs ETHT Performance

Oct 31, 2025 – Oct 30, 2026

−65.6%BITU−82.1%ETHT

Oct 31, 2025 to Oct 30, 2026. BITU −65.6%. ETHT −82.1%. Use the arrow keys to read each point.−40%−20%0%Oct 2025Apr 2026Oct 2026
Expense ratio
BITU 0.95%, better
ETHT 0.96%
Fund size
BITU $478M
ETHT $213M
1Y total return
BITU −65.6%, better
ETHT −82.1%
Yield (12M)
BITU 53.60%, better
ETHT 1.74%
Holdings
BITU 1
ETHT 1
Avg volume (30D)
BITU 4.37M sh, better
ETHT 1.72M sh
NAV per share
BITU $12.52
ETHT $13.05
52W range

ETF.net Grade

BITU: Cost 91, Risk 65, Mission not scored, Tradability 84, Holdings not scored, Durability 78. ETHT: Cost 91, Risk 51, Mission 0, Tradability 74, Holdings not scored, Durability 72.
Pillar letters and Scores for BITU, ETHT, with each pillar’s weight
PillarBITUETHT
Cost30% weightA91A91
Mission25% weightNot scoredF0
Risk15% weightB65HigherC51
Tradability15% weightA84HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA78HigherA72

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 ETHT 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 ETHT 2nd 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

Our read on each fund

ETF.net Research

BITUAProShares Ultra Bitcoin ETF

ETHTAProShares Ultra Ether 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.

ETHT ProShares opened the US market for leveraged ether in June 2024, and it runs the low-cost version: 0.96% to target twice ether's daily move, below the typical fee among 2x crypto funds.

Stated mandate

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

ETHT The fund seeks daily investment results equal to twice the daily performance of ether, before fees and expenses.

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.
  • ETHT The original. It listed June 7, 2024 alongside a -2x twin as the first US ETFs built to target twice ether's daily move.businesswire.com
  • At 0.96%, with no fee waiver involved, it costs far less than ETHU, the other 2x ether fund in the group, at 2.97%.
  • One of the stronger builds in its leveraged-crypto peer group, and actively traded, so entering and exiting doesn't hinge on a thin market.
  • No wallet, no keys. It's a registered 1940 Act ETF that gets its exposure from derivatives and does not invest directly in ether.proshares.com

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
  • ETHT The 2x target resets daily. Over periods longer than a single day, returns will likely differ from that daily target, per the prospectus.proshares.com
  • Leverage cuts both ways: on a down day for ether, the fund should lose roughly twice as much as the index it tracks.proshares.com
  • The track record starts in June 2024, so there is less history here than for most ETFs when judging behavior across market cycles.

Full BITU profile⁠

Full ETHT profile⁠

BITU vs ETHT Holdings

How BITU and ETHT differ

Overlap by weight

100%

Shared holdings make up 100% of BITU and 100% of ETHT.

Level by level

  • Asset classAlternatives100%
  • Holdings0 in both100%

Sector

No Sector split for BITU and ETHT.

Country, concentration and asset class

Country by domicile

No country split for BITU and ETHT.

Concentration

Weight in the 10 largest Holdings

  • BITU100.0%
  • ETHT100.0%

Securities held

  • BITU0
  • ETHT0

Asset class

BITU
Alternatives
ETHT
Alternatives

Holdings

  • Only in BITU0
  • In both0
  • Only in ETHT0

Only in BITU

0 securities, 0.0% of BITU by weight

Only in ETHT

0 securities, 0.0% of ETHT by weight

Weight gaps

BITU and ETHT share no securities.

All 5 BITU holdings⁠All 2 ETHT 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 ETHT Cost

Overpaying ETHT vs BITU

$165

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

  • BITU 0.95%

    $17,869

  • ETHT 0.96%

    $18,034

$10,000
30 years

Cost over time

  • BITU 0.95%
  • ETHT 0.96%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ETHT $18,034BITU $17,869

Year by year

YearBITUETHTOverpaying
10$1,678$1,695$17
20$6,322$6,383$61
30$17,869$18,034$165

Expense ratio

  • 0.95%BITU, cheaper
  • 0.96%ETHT
  • Middle half of 2x Long Crypto funds
  • Median 2.02%

BITU cheapest of 14 funds

ETHT 3rd cheapest of 14 funds

BITU vs ETHT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BITU 53.60%, better
ETHT 1.74%
Payout (12M)
BITU $6.71
ETHT $0.23
Last payment
BITU $0.0088
ETHT $0.01
Ex-dividend
BITU Oct 1, 2026
ETHT Oct 1, 2026
Paid on
BITU Oct 7, 2026
ETHT Oct 7, 2026
Frequency
BITU Monthly
ETHT Monthly

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
ETHTMonthly · 15 paymentsAll ETHT payments⁠
One bar per payment. 15 payments from 2024 to 2026 YTD. Sep 3, 2024 $0.0038; Dec 23, 2024 $0.01; Sep 2, 2025 $1.60; Nov 3, 2025 $0.0082; Dec 1, 2025 $0.03; Dec 24, 2025 $0.08; Feb 2, 2026 $0.02; Mar 2, 2026 $0.02; Apr 1, 2026 $0.0057; May 1, 2026 $0.0044; Jun 1, 2026 $0.01; Jul 1, 2026 $0.01; Aug 3, 2026 $0.01; Sep 1, 2026 $0.0087; Oct 1, 2026 $0.01. Use the arrow keys to read each point.$0$52026YTD

BITU vs ETHT 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 2024ETHT 153.7%since Jul 2024
Return per unit of riskSharpe ratio, 3 years
BITU 0.20since May 2024ETHT −0.03since Jul 2024
Worst fallMax drawdown, 5 years
BITU −83.4%since Apr 2024ETHT −96.0%since Jun 2024
Market sensitivityBeta, 5 years
BITU 3.42ETHT 5.26

BITU and ETHT in the news

All news⁠

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