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BITX vs TXXH

2x Bitcoin Strategy ETF

BITXBCboe

21Shares 2x Long HYPE ETF

TXXHCNasdaq

Overlap

0.0%by weight

Expense ratio

TXXH −0.86pt a year

BITX2.75%TXXH1.89%

Avg volume · 30D

BITX 697.2×the volume

BITX9.85MTXXH14.1K

BITX vs TXXH Performance

Jul 31, 2026 – Oct 30, 2026

+39.3%BITX+127.2%TXXH

Jul 31, 2026 to Oct 30, 2026. BITX +39.3%. TXXH +127.2%. Use the arrow keys to read each point.0%100%150%Jul 2026Sep 2026Oct 2026
Expense ratio
BITX 2.75%
TXXH 1.89%, better
Fund size
BITX $1.03B
TXXH $6M
1Y total return
BITX −64.7%
TXXH No data
Yield (12M)
BITX 9.31%
TXXH No data
Holdings
BITX 3
TXXH 2
Avg volume (30D)
BITX 9.85M sh, better
TXXH 14.1K sh
NAV per share
BITX $16.19
TXXH $73.36
52W range

ETF.net Grade

BITX: Cost 38, Risk 65, Mission not scored, Tradability 99, Holdings not scored, Durability 77. TXXH: Cost 53, Risk 80, Mission 0, Tradability 21, Holdings not scored, Durability 20.
Pillar letters and Scores for BITX, TXXH, with each pillar’s weight
PillarBITXTXXH
Cost30% weightD38C53Higher
Mission25% weightNot scoredF0
Risk15% weightB65A80Higher
Tradability15% weightA99HigherF21
Holdings10% weightNot scoredNot scored
Durability5% weightA77HigherF20

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 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 ›

BITX ranks 4th 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 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 9CEVMUDirexion Daily Ether Bull 2X ETFScore 40
  7. Rank 9CTXXH21Shares 2x Long HYPE ETFScore 40
  8. Rank 11DXXRPTeucrium 2x Long Daily XRP ETFScore 39

Our read on each fund

ETF.net Research

BITXB2x Bitcoin Strategy ETF

TXXHC21Shares 2x Long HYPE 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.

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

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.

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

  • 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.
  • 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

  • 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.
  • 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 BITX profile⁠

Full TXXH profile⁠

BITX vs TXXH Holdings

How BITX and TXXH differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BITX and 0.0% of TXXH.

Level by level

  • Holdings0 in both0.0%
  • Asset classAlternatives100%

Sector

No Sector split for BITX and TXXH.

Country, concentration and asset class

Country by domicile

No country split for BITX and TXXH.

Concentration

Weight in the 10 largest Holdings

  • BITX100.0%
  • TXXH207.7%

Securities held

  • BITX0
  • TXXH1

Asset class

BITX
Alternatives
TXXH
Alternatives

Holdings

  • Only in BITX0
  • In both0
  • Only in TXXH1

Only in BITX

0 securities, 0.0% of BITX by weight

Only in TXXH

1 security, 8.1% of TXXH by weight

  • Us Bank Mmda - Usbgfs 9 09/01/20378.07%

Weight gaps

BITX and TXXH share no securities.

All 3 BITX holdings⁠All 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.

BITX vs TXXH Cost

Overpaying BITX vs TXXH

$9,742

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

  • BITX 2.75%

    $41,266

  • TXXH 1.89%

    $31,524

$10,000
30 years

Cost over time

  • BITX 2.75%
  • 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$40K$50K051015202530BITX $41,266TXXH $31,524

Year by year

YearBITXTXXHOverpaying
10$4,509$3,211$1,298
20$15,708$11,602$4,106
30$41,266$31,524$9,742

Expense ratio

  • 2.75%BITX
  • 1.89%TXXH, cheaper
  • Middle half of 2x Long Crypto funds
  • Median 2.02%

TXXH 7th cheapest of 14 funds

BITX 9th cheapest of 14 funds

BITX vs TXXH Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BITX 9.31%
TXXH No data
Payout (12M)
BITX $1.51
TXXH None
Last payment
BITX $0.02
TXXH No data
Ex-dividend
BITX Oct 21, 2026
TXXH No data
Paid on
BITX Oct 22, 2026
TXXH No data
Frequency
BITX Monthly
TXXH No data

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
TXXHAll TXXH payments⁠

No distribution history available.

BITX vs TXXH 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%TXXH No data
Return per unit of riskSharpe ratio, 3 years
BITX 0.49TXXH No data
Worst fallMax drawdown, 5 years
BITX −83.4%since Jun 2023TXXH No data
Market sensitivityBeta, 5 years
BITX 3.22TXXH 6.89

BITX and TXXH in the news

All news⁠

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