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BTCL vs ETHT

T-Rex 2X Long Bitcoin Daily Target ETF

BTCLBCboe

ProShares Ultra Ether ETF

ETHTANYSE Arca

Overlap

Expense ratio

BTCL −0.01pt a year

BTCL0.95%ETHT0.96%

Avg volume · 30D

ETHT 23.1×the volume

BTCL74.4KETHT1.72M

BTCL vs ETHT Performance

Oct 31, 2025 – Oct 30, 2026

−66.6%BTCL−82.1%ETHT

Oct 31, 2025 to Oct 30, 2026. BTCL −66.6%. ETHT −82.1%. Use the arrow keys to read each point.−40%−20%0%Oct 2025Apr 2026Oct 2026
Expense ratio
BTCL 0.95%, better
ETHT 0.96%
Fund size
BTCL $35M
ETHT $213M
1Y total return
BTCL −66.6%, better
ETHT −82.1%
Yield (12M)
BTCL 2.98%, better
ETHT 1.74%
Holdings
BTCL 3
ETHT 1
Avg volume (30D)
BTCL 74.4K sh
ETHT 1.72M sh, better
NAV per share
BTCL $18.33
ETHT $13.05
52W range

ETF.net Grade

BTCL: Cost 91, Risk 63, Mission not scored, Tradability 22, Holdings not scored, Durability 53. ETHT: Cost 91, Risk 51, Mission 0, Tradability 74, Holdings not scored, Durability 72.
Pillar letters and Scores for BTCL, ETHT, with each pillar’s weight
PillarBTCLETHT
Cost30% weightA91A91
Mission25% weightNot scoredF0
Risk15% weightB63HigherC51
Tradability15% weightF22A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC53A72Higher

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. BTCL 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 BTCL 3rd 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

Our read on each fund

ETF.net Research

BTCLBT-Rex 2X Long Bitcoin Daily Target ETF

ETHTAProShares Ultra Ether ETF

In short

BTCL No data

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

BTCL No data

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

Why people hold it

BTCL No data

  • 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

BTCL No data

  • 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 BTCL profile⁠

Full ETHT profile⁠

BTCL 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.

BTCL vs ETHT Cost

Overpaying ETHT vs BTCL

$165

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

  • BTCL 0.95%

    $17,869

  • ETHT 0.96%

    $18,034

$10,000
30 years

Cost over time

  • BTCL 0.95%
  • ETHT 0.96%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ETHT $18,034BTCL $17,869

Year by year

YearBTCLETHTOverpaying
10$1,678$1,695$17
20$6,322$6,383$61
30$17,869$18,034$165

Expense ratio

  • 0.95%BTCL, cheaper
  • 0.96%ETHT
  • Middle half of 2x Long Crypto funds
  • Median 2.02%

BTCL cheapest of 14 funds

ETHT 3rd cheapest of 14 funds

BTCL vs ETHT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BTCL 2.98%, better
ETHT 1.74%
Payout (12M)
BTCL $0.49
ETHT $0.23
Last payment
BTCL $0.49
ETHT $0.01
Ex-dividend
BTCL Dec 24, 2025
ETHT Oct 1, 2026
Paid on
BTCL No data
ETHT Oct 7, 2026
Frequency
BTCL Annual
ETHT Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

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
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$22026YTD

BTCL vs ETHT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BTCL 96.6%since Aug 2024ETHT 153.7%since Jul 2024
Return per unit of riskSharpe ratio, 3 years
BTCL 0.13since Aug 2024ETHT −0.03since Jul 2024
Worst fallMax drawdown, 5 years
BTCL −84.0%since Jul 2024ETHT −96.0%since Jun 2024
Market sensitivityBeta, 5 years
BTCL 1.87ETHT 5.26

BTCL and ETHT in the news

All news⁠

Popular comparisons

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