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BITX vs TXXD

2x Bitcoin Strategy ETF

BITXBCboe

21Shares 2x Long Dogecoin ETF

TXXDFNasdaq

Overlap

28.8%by weight

Expense ratio

BITX −0.61pt a year

BITX2.75%TXXD3.36%

Avg volume · 30D

BITX 142.6×the volume

BITX9.85MTXXD69.1K

BITX vs TXXD Performance

Dec 31, 2025 – Oct 30, 2026

−41.0%BITX−78.0%TXXD

Dec 31, 2025 to Oct 30, 2026. BITX −41.0%. TXXD −78.0%. Use the arrow keys to read each point.−25%0%25%50%Dec 2025Jun 2026Oct 2026
Expense ratio
BITX 2.75%, better
TXXD 3.36%
Fund size
BITX $1.03B
TXXD $4M
1Y total return
BITX −64.7%
TXXD No data
Yield (12M)
BITX 9.31%
TXXD No data
Holdings
BITX 3
TXXD 3
Avg volume (30D)
BITX 9.85M sh, better
TXXD 69.1K sh
NAV per share
BITX $16.19
TXXD $31.66
52W range

ETF.net Grade

BITX: Cost 38, Risk 65, Mission not scored, Tradability 99, Holdings not scored, Durability 77. TXXD: Cost 8, Risk 21, Mission not scored, Tradability 28, Holdings not scored, Durability 23.
Pillar letters and Scores for BITX, TXXD, with each pillar’s weight
PillarBITXTXXD
Cost30% weightD38HigherF8
Mission25% weightNot scoredNot scored
Risk15% weightB65HigherF21
Tradability15% weightA99HigherD28
Holdings10% weightNot scoredNot scored
Durability5% weightA77HigherF23

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 TXXD 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 ›

BITX ranks 4th and TXXD 13th 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
  6. Rank 12DSOLT2x Solana ETFScore 38
  7. Rank 13FTXXD21Shares 2x Long Dogecoin ETFScore 16
  8. Rank 14FTXXS21Shares 2x Long Sui ETFScore 12

Our read on each fund

ETF.net Research

BITXB2x Bitcoin Strategy ETF

TXXDF21Shares 2x Long Dogecoin 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.

TXXD Leverage aimed at the internet's dog coin. TXXD uses DOGE swaps and futures to chase twice Dogecoin's daily move, NAV to NAV, resetting every day. The 3.36% expense ratio sits above the leveraged-crypto norm.

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.

TXXD The fund seeks daily, before-fee-and-expense returns equal to twice Dogecoin's daily price performance, measured from one NAV calculation to the next. It is not designed to achieve that objective over periods longer than one day.

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.
  • TXXD Targets twice Dogecoin's daily price move using DOGE swaps and futures, so the exposure arrives in a brokerage account rather than a crypto wallet.21shares.com
  • The mandate is blunt about its own limits: daily results before fees, measured one NAV calculation to the next, and not designed for any longer period.21shares.com
  • Dogecoin is a rare leverage target. The category's best-known funds point at bitcoin, ether and XRP (BITU, ETHT, UXRP). This one aims its 2x at DOGE.

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.
  • TXXD Cost sits at the top of the group: 3.36% a year, above the category median, against 0.95% for BITU and 2.75% for BITX.
  • Daily reset means compounding. Held through a choppy stretch, results can drift far from twice DOGE's move over that span, in either direction.21shares.com
  • Launched in November 2025, so the record is short and the asset base still modest for a fund stacking leverage on a famously jumpy coin.

Full BITX profile⁠

Full TXXD profile⁠

BITX vs TXXD Holdings

How BITX and TXXD differ

Overlap by weight

28.8%

Shared holdings make up 33.3% of BITX and 28.8% of TXXD.

Level by level

  • Holdings0 in both28.8%
  • Asset classAlternatives100%

Sector

No Sector split for BITX and TXXD.

Country, concentration and asset class

Country by domicile

No country split for BITX and TXXD.

Concentration

Weight in the 10 largest Holdings

  • BITX100.0%
  • TXXD100.0%

Securities held

  • BITX0
  • TXXD1

Asset class

BITX
Alternatives
TXXD
Alternatives

Holdings

  • Only in BITX0
  • In both0
  • Only in TXXD1

Only in BITX

0 securities, 0.0% of BITX by weight

Only in TXXD

1 security, 4.5% of TXXD by weight

  • Us Bank Mmda - Usbgfs 9 09/01/20374.52%

Weight gaps

BITX and TXXD share no securities.

All 3 BITX holdings⁠All TXXD 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 TXXD Cost

Overpaying TXXD vs BITX

$5,627

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

  • BITX 2.75%

    $41,266

  • TXXD 3.36%

    $46,893

$10,000
30 years

Cost over time

  • BITX 2.75%
  • TXXD 3.36%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K$50K051015202530TXXD $46,893BITX $41,266

Year by year

YearBITXTXXDOverpaying
10$4,509$5,374$865
20$15,708$18,254$2,546
30$41,266$46,893$5,627

Expense ratio

  • 2.75%BITX, cheaper
  • 3.36%TXXD
  • Middle half of 2x Long Crypto funds
  • Median 2.02%

BITX 9th cheapest of 14 funds

TXXD 13th cheapest of 14 funds

BITX vs TXXD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BITX 9.31%
TXXD No data
Payout (12M)
BITX $1.51
TXXD No data
Last payment
BITX $0.02
TXXD $0.03
Ex-dividend
BITX Oct 21, 2026
TXXD Feb 25, 2026
Paid on
BITX Oct 22, 2026
TXXD Feb 26, 2026
Frequency
BITX Monthly
TXXD Irregular

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
TXXDIrregular · 1 paymentAll TXXD payments⁠
One bar per payment. 1 payment from 2024 to 2026 YTD. Feb 25, 2026 $0.03. Use the arrow keys to read each point.$0$12026YTD

BITX vs TXXD 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%TXXD No data
Return per unit of riskSharpe ratio, 3 years
BITX 0.49TXXD No data
Worst fallMax drawdown, 5 years
BITX −83.4%since Jun 2023TXXD No data
Market sensitivityBeta, 5 years
BITX 3.22TXXD 3.56

BITX and TXXD in the news

All news⁠

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