Skip to content
etf.net

BITX vs ETHT

2x Bitcoin Strategy ETF

BITXBCboe

ProShares Ultra Ether ETF

ETHTANYSE Arca

Overlap

Expense ratio

ETHT −1.79pt a year

BITX2.75%ETHT0.96%

Avg volume · 30D

BITX 5.7×the volume

BITX9.85METHT1.72M

BITX vs ETHT Performance

Oct 31, 2025 – Oct 30, 2026

−64.7%BITX−82.1%ETHT

Oct 31, 2025 to Oct 30, 2026. BITX −64.7%. ETHT −82.1%. Use the arrow keys to read each point.−40%−20%0%Oct 2025Apr 2026Oct 2026
Expense ratio
BITX 2.75%
ETHT 0.96%, better
Fund size
BITX $1.03B
ETHT $213M
1Y total return
BITX −64.7%, better
ETHT −82.1%
Yield (12M)
BITX 9.31%, better
ETHT 1.74%
Holdings
BITX 3
ETHT 1
Avg volume (30D)
BITX 9.85M sh, better
ETHT 1.72M sh
NAV per share
BITX $16.19
ETHT $13.05
52W range

ETF.net Grade

BITX: Cost 38, Risk 65, Mission not scored, Tradability 99, Holdings not scored, Durability 77. ETHT: Cost 91, Risk 51, Mission 0, Tradability 74, Holdings not scored, Durability 72.
Pillar letters and Scores for BITX, ETHT, with each pillar’s weight
PillarBITXETHT
Cost30% weightD38A91Higher
Mission25% weightNot scoredF0
Risk15% weightB65HigherC51
Tradability15% weightA99HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA77HigherA72

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 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 ›

ETHT ranks 2nd 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

ETHTAProShares Ultra Ether 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.

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

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.

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

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.
  • 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

  • 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.
  • 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 BITX profile⁠

Full ETHT profile⁠

BITX vs 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.

BITX vs ETHT Cost

Overpaying BITX vs ETHT

$23,232

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

  • BITX 2.75%

    $41,266

  • ETHT 0.96%

    $18,034

$10,000
30 years

Cost over time

  • BITX 2.75%
  • ETHT 0.96%
  • 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 $41,266ETHT $18,034

Year by year

YearBITXETHTOverpaying
10$4,509$1,695$2,814
20$15,708$6,383$9,325
30$41,266$18,034$23,232

Expense ratio

  • 2.75%BITX
  • 0.96%ETHT, cheaper
  • Middle half of 2x Long Crypto funds
  • Median 2.02%

ETHT 3rd cheapest of 14 funds

BITX 9th cheapest of 14 funds

BITX vs ETHT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BITX 9.31%, better
ETHT 1.74%
Payout (12M)
BITX $1.51
ETHT $0.23
Last payment
BITX $0.02
ETHT $0.01
Ex-dividend
BITX Oct 21, 2026
ETHT Oct 1, 2026
Paid on
BITX Oct 22, 2026
ETHT Oct 7, 2026
Frequency
BITX Monthly
ETHT Monthly

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$12026YTD
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$12026YTD

BITX vs ETHT 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%ETHT 153.7%since Jul 2024
Return per unit of riskSharpe ratio, 3 years
BITX 0.49ETHT −0.03since Jul 2024
Worst fallMax drawdown, 5 years
BITX −83.4%since Jun 2023ETHT −96.0%since Jun 2024
Market sensitivityBeta, 5 years
BITX 3.22ETHT 5.26

BITX and ETHT in the news

All news⁠

Popular comparisons

  • BITXBvsBITUA

    2x Bitcoin Strategy ETF · ProShares Ultra Bitcoin ETF

    Expense ratio
    2.75% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ETHTAvsBITUA

    ProShares Ultra Ether ETF · ProShares Ultra Bitcoin ETF

    Expense ratio
    0.96% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BITXBvsBTCLB

    2x Bitcoin Strategy ETF · T-Rex 2X Long Bitcoin Daily Target ETF

    Expense ratio
    2.75% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ETHTAvsBTCLB

    ProShares Ultra Ether ETF · T-Rex 2X Long Bitcoin Daily Target ETF

    Expense ratio
    0.96% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BITXBvsUXRPC

    2x Bitcoin Strategy ETF · ProShares Ultra XRP ETF

    Expense ratio
    2.75% · 1.67%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ETHTAvsUXRPC

    ProShares Ultra Ether ETF · ProShares Ultra XRP ETF

    Expense ratio
    0.96% · 1.67%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.