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BITU vs TXXH

ProShares Ultra Bitcoin ETF

BITUANYSE Arca

21Shares 2x Long HYPE ETF

TXXHCNasdaq

Overlap

Expense ratio

BITU −0.94pt a year

BITU0.95%TXXH1.89%

Avg volume · 30D

BITU 309.0×the volume

BITU4.37MTXXH14.1K

BITU vs TXXH Performance

Jul 31, 2026 – Oct 30, 2026

+38.3%BITU+127.2%TXXH

Jul 31, 2026 to Oct 30, 2026. BITU +38.3%. TXXH +127.2%. Use the arrow keys to read each point.0%100%150%Jul 2026Sep 2026Oct 2026
Expense ratio
BITU 0.95%, better
TXXH 1.89%
Fund size
BITU $478M
TXXH $6M
1Y total return
BITU −65.6%
TXXH No data
Yield (12M)
BITU 53.60%
TXXH No data
Holdings
BITU 1
TXXH 2
Avg volume (30D)
BITU 4.37M sh, better
TXXH 14.1K sh
NAV per share
BITU $12.52
TXXH $73.36
52W range

ETF.net Grade

BITU: Cost 91, Risk 65, Mission not scored, Tradability 84, Holdings not scored, Durability 78. TXXH: Cost 53, Risk 80, Mission 0, Tradability 21, Holdings not scored, Durability 20.
Pillar letters and Scores for BITU, TXXH, with each pillar’s weight
PillarBITUTXXH
Cost30% weightA91HigherC53
Mission25% weightNot scoredF0
Risk15% weightB65A80Higher
Tradability15% weightA84HigherF21
Holdings10% weightNot scoredNot scored
Durability5% weightA78HigherF20

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 TXXH 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 TXXH 9th 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 9CEVMUDirexion Daily Ether Bull 2X ETFScore 40
  4. Rank 9CTXXH21Shares 2x Long HYPE ETFScore 40
  5. Rank 11DXXRPTeucrium 2x Long Daily XRP ETFScore 39

Our read on each fund

ETF.net Research

BITUAProShares Ultra Bitcoin ETF

TXXHC21Shares 2x Long HYPE 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.

TXXH The first US-listed leveraged bet on Hyperliquid's HYPE token. TXXH is a 1940-Act fund that uses swaps and futures to chase twice HYPE's daily move: a trading tool in a brokerage-friendly wrapper.

Stated mandate

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

TXXH The Fund seeks twice the daily price performance of HYPE before fees and expenses. It is designed for daily, short-term leveraged exposure rather than results over periods longer than one day.

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.
  • TXXH 21Shares got there first: TXXH and its spot sibling were the first US-listed ETFs tracking Hyperliquid, reachable from an ordinary brokerage account, no wallet required.manilatimes.net21shares.com
  • Registered under the Investment Company Act of 1940, the same rulebook as a conventional ETF, rather than the commodity-trust structure used by spot crypto products.manilatimes.net
  • At 1.89%, it sits mid-pack among 2x crypto funds, undercutting BITX (2.75%) and ETHU (2.97%).

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
  • TXXH The 2x objective is a one-day target that resets daily. Over longer holds, compounding through choppy markets can leave results well away from twice HYPE's move.21shares.com
  • Exposure is synthetic: swaps, futures and options rather than HYPE itself, which brings counterparty and collateral risk into the picture.21shares.com21shares.com 2
  • ProShares' 2x bitcoin and ether funds (BITU, ETHT) charge roughly half of 1.89%. The premium here buys a much younger, thinner underlying market.

Full BITU profile⁠

Full TXXH profile⁠

BITU vs TXXH 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 TXXH Cost

Overpaying TXXH vs BITU

$13,655

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

  • BITU 0.95%

    $17,869

  • TXXH 1.89%

    $31,524

$10,000
30 years

Cost over time

  • BITU 0.95%
  • TXXH 1.89%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530TXXH $31,524BITU $17,869

Year by year

YearBITUTXXHOverpaying
10$1,678$3,211$1,533
20$6,322$11,602$5,280
30$17,869$31,524$13,655

Expense ratio

  • 0.95%BITU, cheaper
  • 1.89%TXXH
  • Middle half of 2x Long Crypto funds
  • Median 2.02%

BITU cheapest of 14 funds

TXXH 7th cheapest of 14 funds

BITU vs TXXH Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BITU 53.60%
TXXH No data
Payout (12M)
BITU $6.71
TXXH None
Last payment
BITU $0.0088
TXXH No data
Ex-dividend
BITU Oct 1, 2026
TXXH No data
Paid on
BITU Oct 7, 2026
TXXH No data
Frequency
BITU Monthly
TXXH No data

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
TXXHAll TXXH payments⁠

No distribution history available.

BITU vs TXXH 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 2024TXXH No data
Return per unit of riskSharpe ratio, 3 years
BITU 0.20since May 2024TXXH No data
Worst fallMax drawdown, 5 years
BITU −83.4%since Apr 2024TXXH No data
Market sensitivityBeta, 5 years
BITU 3.42TXXH 6.89

BITU and TXXH in the news

All news⁠

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