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BTCL vs TXXH

T-Rex 2X Long Bitcoin Daily Target ETF

BTCLBCboe

21Shares 2x Long HYPE ETF

TXXHCNasdaq

Overlap

Expense ratio

BTCL −0.94pt a year

BTCL0.95%TXXH1.89%

Avg volume · 30D

BTCL 5.3×the volume

BTCL74.4KTXXH14.1K

BTCL vs TXXH Performance

Jul 31, 2026 – Oct 30, 2026

+37.6%BTCL+127.2%TXXH

Jul 31, 2026 to Oct 30, 2026. BTCL +37.6%. TXXH +127.2%. Use the arrow keys to read each point.0%100%150%Jul 2026Sep 2026Oct 2026
Expense ratio
BTCL 0.95%, better
TXXH 1.89%
Fund size
BTCL $35M
TXXH $6M
1Y total return
BTCL −66.6%
TXXH No data
Yield (12M)
BTCL 2.98%
TXXH No data
Holdings
BTCL 3
TXXH 2
Avg volume (30D)
BTCL 74.4K sh, better
TXXH 14.1K sh
NAV per share
BTCL $18.33
TXXH $73.36
52W range

ETF.net Grade

BTCL: Cost 91, Risk 63, Mission not scored, Tradability 22, Holdings not scored, Durability 53. TXXH: Cost 53, Risk 80, Mission 0, Tradability 21, Holdings not scored, Durability 20.
Pillar letters and Scores for BTCL, TXXH, with each pillar’s weight
PillarBTCLTXXH
Cost30% weightA91HigherC53
Mission25% weightNot scoredF0
Risk15% weightB63A80Higher
Tradability15% weightF22HigherF21
Holdings10% weightNot scoredNot scored
Durability5% weightC53HigherF20

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 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 ›

BTCL ranks 3rd 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 9CEVMUDirexion Daily Ether Bull 2X ETFScore 40
  6. Rank 9CTXXH21Shares 2x Long HYPE ETFScore 40
  7. Rank 11DXXRPTeucrium 2x Long Daily XRP ETFScore 39

Our read on each fund

ETF.net Research

BTCLBT-Rex 2X Long Bitcoin Daily Target ETF

TXXHC21Shares 2x Long HYPE ETF

In short

BTCL No data

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

BTCL No data

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

BTCL No data

  • 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

BTCL No data

  • 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 BTCL profile⁠

Full TXXH profile⁠

BTCL vs 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.

BTCL vs TXXH Cost

Overpaying TXXH vs BTCL

$13,655

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

  • BTCL 0.95%

    $17,869

  • TXXH 1.89%

    $31,524

$10,000
30 years

Cost over time

  • BTCL 0.95%
  • 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$40K051015202530TXXH $31,524BTCL $17,869

Year by year

YearBTCLTXXHOverpaying
10$1,678$3,211$1,533
20$6,322$11,602$5,280
30$17,869$31,524$13,655

Expense ratio

  • 0.95%BTCL, cheaper
  • 1.89%TXXH
  • Middle half of 2x Long Crypto funds
  • Median 2.02%

BTCL cheapest of 14 funds

TXXH 7th cheapest of 14 funds

BTCL vs TXXH Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BTCL 2.98%
TXXH No data
Payout (12M)
BTCL $0.49
TXXH None
Last payment
BTCL $0.49
TXXH No data
Ex-dividend
BTCL Dec 24, 2025
TXXH No data
Frequency
BTCL Annual
TXXH No data

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
TXXHAll TXXH payments⁠

No distribution history available.

BTCL vs TXXH 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 2024TXXH No data
Return per unit of riskSharpe ratio, 3 years
BTCL 0.13since Aug 2024TXXH No data
Worst fallMax drawdown, 5 years
BTCL −84.0%since Jul 2024TXXH No data
Market sensitivityBeta, 5 years
BTCL 1.87TXXH 6.89

Popular comparisons

  • BTCLBvsBITUA

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

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

  • TXXHCvsBITUA

    21Shares 2x Long HYPE ETF · ProShares Ultra Bitcoin ETF

    Expense ratio
    1.89% · 0.95%
    Category
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  • BTCLBvsETHTA

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

    Expense ratio
    0.95% · 0.96%
    Category
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  • TXXHCvsETHTA

    21Shares 2x Long HYPE ETF · ProShares Ultra Ether ETF

    Expense ratio
    1.89% · 0.96%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BTCLBvsBITXB

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

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

  • TXXHCvsBITXB

    21Shares 2x Long HYPE ETF · 2x Bitcoin Strategy ETF

    Expense ratio
    1.89% · 2.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.