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BITX vs BTCL

2x Bitcoin Strategy ETF

BITXBCboe

T-Rex 2X Long Bitcoin Daily Target ETF

BTCLBCboe

Overlap

Expense ratio

BTCL −1.80pt a year

BITX2.75%BTCL0.95%

Avg volume · 30D

BITX 132.4×the volume

BITX9.85MBTCL74.4K

BITX vs BTCL Performance

Oct 31, 2025 – Oct 30, 2026

−64.7%BITX−66.6%BTCL

Oct 31, 2025 to Oct 30, 2026. BITX −64.7%. BTCL −66.6%. Use the arrow keys to read each point.−40%−20%0%Oct 2025Apr 2026Oct 2026
Expense ratio
BITX 2.75%
BTCL 0.95%, better
Fund size
BITX $1.03B
BTCL $35M
1Y total return
BITX −64.7%, better
BTCL −66.6%
Yield (12M)
BITX 9.31%, better
BTCL 2.98%
Holdings
BITX 3
BTCL 3
Avg volume (30D)
BITX 9.85M sh, better
BTCL 74.4K sh
NAV per share
BITX $16.19
BTCL $18.33
52W range

ETF.net Grade

BITX: Cost 38, Risk 65, Mission not scored, Tradability 99, Holdings not scored, Durability 77. BTCL: Cost 91, Risk 63, Mission not scored, Tradability 22, Holdings not scored, Durability 53.
Pillar letters and Scores for BITX, BTCL, with each pillar’s weight
PillarBITXBTCL
Cost30% weightD38A91Higher
Mission25% weightNot scoredNot scored
Risk15% weightB65HigherB63
Tradability15% weightA99HigherF22
Holdings10% weightNot scoredNot scored
Durability5% weightA77HigherC53

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. BITX 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 ›

BTCL ranks 3rd and BITX 4th 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
  5. Rank 5CUXRPProShares Ultra XRP ETFScore 51

Our read on each fund

ETF.net Research

BITXB2x Bitcoin Strategy ETF

BTCLBT-Rex 2X Long Bitcoin Daily Target ETF

In short

BITX One of the original 2x bitcoin funds, live since 2023. BITX aims for twice the daily move of a bitcoin futures index, resets that math every day, and trades heavily. High-octane, priced like it, and built for days rather than decades.

BTCL No data

Stated mandate

BITX The Fund seeks daily results equal to twice the daily performance of the S&P CME Bitcoin Futures Daily Roll Index, before fees and expenses.

BTCL No data

Why people hold it

  • BITX Aims for twice the daily move of the S&P CME Bitcoin Futures Daily Roll Index inside an ordinary 1940 Act ETF. No margin account, no wallet, no crypto exchange login.
  • Very actively traded, so getting in and out is rarely the hard part. That matters in a product built around single-day exposure.
  • Trading since 2023, a long operating history for geared crypto, and it makes distributions on a monthly cadence.

BTCL No data

Worth knowing

  • BITX At 2.75% a year, it is the expensive lane to this trade. Its peer group's median is 1.89%, and ProShares' BITU charges 0.98% for 2x bitcoin exposure.
  • The 2x target resets daily. Over longer holds, choppy markets compound against you, and multi-day results can land well away from twice bitcoin's move.
  • The reference is a bitcoin futures index, not spot bitcoin, so futures roll mechanics sit between you and the coin price.

BTCL No data

Full BITX profile⁠

Full BTCL profile⁠

BITX vs 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.

BITX vs BTCL Cost

Overpaying BITX vs BTCL

$23,397

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

  • BITX 2.75%

    $41,266

  • BTCL 0.95%

    $17,869

$10,000
30 years

Cost over time

  • BITX 2.75%
  • BTCL 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K$50K051015202530BITX $41,266BTCL $17,869

Year by year

YearBITXBTCLOverpaying
10$4,509$1,678$2,831
20$15,708$6,322$9,386
30$41,266$17,869$23,397

Expense ratio

  • 2.75%BITX
  • 0.95%BTCL, cheaper
  • Middle half of 2x Long Crypto funds
  • Median 2.02%

BTCL cheapest of 14 funds

BITX 9th cheapest of 14 funds

BITX vs BTCL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BITX 9.31%, better
BTCL 2.98%
Payout (12M)
BITX $1.51
BTCL $0.49
Last payment
BITX $0.02
BTCL $0.49
Ex-dividend
BITX Oct 21, 2026
BTCL Dec 24, 2025
Paid on
BITX Oct 22, 2026
BTCL No data
Frequency
BITX Monthly
BTCL Annual

Distribution history

Per share, 2024 to 2026, same scale for both

BITXMonthly · 30 paymentsAll BITX payments⁠
One bar per payment. 30 payments from 2024 to 2026 YTD. May 22, 2024 $0.97; Jun 25, 2024 $0.86; Jul 24, 2024 $0.68; Aug 28, 2024 $0.63; Sep 26, 2024 $0.63; Oct 29, 2024 $0.59; Nov 26, 2024 $0.61; Dec 16, 2024 $0.58; Jan 29, 2025 $0.09; Feb 26, 2025 $0.06; Mar 27, 2025 $0.53; Apr 28, 2025 $0.54; May 28, 2025 $0.52; Jun 26, 2025 $0.54; Jul 29, 2025 $0.61; Aug 27, 2025 $0.62; Sep 26, 2025 $0.61; Oct 29, 2025 $0.57; Nov 25, 2025 $0.57; Dec 15, 2025 $0.74; Jan 21, 2026 $0.03; Feb 18, 2026 $0.02; Mar 18, 2026 $0.02; Apr 22, 2026 $0.02; May 20, 2026 $0.02; Jun 17, 2026 $0.02; Jul 22, 2026 $0.01; Aug 19, 2026 $0.01; Sep 23, 2026 $0.02; Oct 21, 2026 $0.02. Use the arrow keys to read each point.$0$22026YTD
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$22026YTD

BITX vs BTCL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BITX 106.3%BTCL 96.6%since Aug 2024
Return per unit of riskSharpe ratio, 3 years
BITX 0.49BTCL 0.13since Aug 2024
Worst fallMax drawdown, 5 years
BITX −83.4%since Jun 2023BTCL −84.0%since Jul 2024
Market sensitivityBeta, 5 years
BITX 3.22BTCL 1.87

BITX and BTCL in the news

All news⁠

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