Skip to content
etf.net

BTCL vs TXXS

T-Rex 2X Long Bitcoin Daily Target ETF

BTCLBCboe

21Shares 2x Long Sui ETF

TXXSFNasdaq

Overlap

Expense ratio

BTCL −3.60pt a year

BTCL0.95%TXXS4.55%

Avg volume · 30D

BTCL 8.1×the volume

BTCL74.4KTXXS9.2K

BTCL vs TXXS Performance

Dec 31, 2025 – Oct 30, 2026

−43.1%BTCL−83.8%TXXS

Dec 31, 2025 to Oct 30, 2026. BTCL −43.1%. TXXS −83.8%. Use the arrow keys to read each point.−25%0%25%50%75%Dec 2025Jun 2026Oct 2026
Expense ratio
BTCL 0.95%, better
TXXS 4.55%
Fund size
BTCL $35M
TXXS $5M
1Y total return
BTCL −66.6%
TXXS No data
Yield (12M)
BTCL 2.98%
TXXS No data
Holdings
BTCL 3
TXXS 3
Avg volume (30D)
BTCL 74.4K sh, better
TXXS 9.2K sh
NAV per share
BTCL $18.33
TXXS $28.34
52W range

ETF.net Grade

BTCL: Cost 91, Risk 63, Mission not scored, Tradability 22, Holdings not scored, Durability 53. TXXS: Cost 1, Risk 22, Mission not scored, Tradability 24, Holdings not scored, Durability 23.
Pillar letters and Scores for BTCL, TXXS, with each pillar’s weight
PillarBTCLTXXS
Cost30% weightA91HigherF1
Mission25% weightNot scoredNot scored
Risk15% weightB63HigherF22
Tradability15% weightF22F24Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC53HigherF23

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 TXXS 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 TXXS 14th 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 13FTXXD21Shares 2x Long Dogecoin ETFScore 16
  6. Rank 14FTXXS21Shares 2x Long Sui ETFScore 12

Our read on each fund

ETF.net Research

BTCLBT-Rex 2X Long Bitcoin Daily Target ETF

TXXSF21Shares 2x Long Sui ETF

In short

BTCL No data

TXXS The first US ETF to put leverage on Sui. TXXS aims for two times Sui's daily price move using swaps, futures and options instead of owning the coin: a one-day tool in a leveraged crypto aisle that is otherwise mostly bitcoin and ether.

Stated mandate

BTCL No data

TXXS The Fund seeks before-fee daily results equal to two times Sui’s daily price performance for one NAV-to-NAV day, not longer periods. It uses primarily swaps, futures, and options rather than holding Sui directly, with at least 80% exposure-consistent instruments targeted under normal circumstances.

Why people hold it

BTCL No data

  • TXXS Listed on Nasdaq in December 2025 as the first leveraged Sui ETF in the US, in a 2x crypto aisle still built mostly around bitcoin and ether.nasdaq.com
  • No wallet, no private keys. Exposure comes from swaps, futures and options inside a 1940 Act fund, with at least 80% in exposure-consistent instruments under normal conditions.21shares.com
  • The contract is explicit: before fees, two times Sui's move from one NAV to the next, for a single day and not for longer stretches.

Worth knowing

BTCL No data

  • TXXS Fee is 4.55% a year with no waiver in place, above the category median and above 2x crypto peers like BITU (0.95%) and BITX (2.75%).
  • Leverage resets daily, so results over weeks or months can drift far from 2x Sui's move over the same window. Choppy markets compound against the position.21shares.com
  • Small and thinly traded, so spreads and order size matter more here than in the category's heavyweights. Distributions, if any, come annually or semiannually.

Full BTCL profile⁠

Full TXXS profile⁠

BTCL vs TXXS 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 TXXS Cost

Overpaying TXXS vs BTCL

$37,583

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

  • BTCL 0.95%

    $17,869

  • TXXS 4.55%

    $55,452

$10,000
30 years

Cost over time

  • BTCL 0.95%
  • TXXS 4.55%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$20K$40K$60K051015202530TXXS $55,452BTCL $17,869

Year by year

YearBTCLTXXSOverpaying
10$1,678$6,933$5,255
20$6,322$22,470$16,148
30$17,869$55,452$37,583

Expense ratio

  • 0.95%BTCL, cheaper
  • 4.55%TXXS
  • Middle half of 2x Long Crypto funds
  • Median 2.02%

BTCL cheapest of 14 funds

TXXS 14th cheapest of 14 funds

BTCL vs TXXS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BTCL 2.98%
TXXS No data
Payout (12M)
BTCL $0.49
TXXS No data
Last payment
BTCL $0.49
TXXS $0.06
Ex-dividend
BTCL Dec 24, 2025
TXXS Feb 25, 2026
Paid on
BTCL No data
TXXS Feb 26, 2026
Frequency
BTCL Annual
TXXS Irregular

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
TXXSIrregular · 1 paymentAll TXXS payments⁠
One bar per payment. 1 payment from 2024 to 2026 YTD. Feb 25, 2026 $0.06. Use the arrow keys to read each point.$0$22026YTD

BTCL vs TXXS 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 2024TXXS No data
Return per unit of riskSharpe ratio, 3 years
BTCL 0.13since Aug 2024TXXS No data
Worst fallMax drawdown, 5 years
BTCL −84.0%since Jul 2024TXXS No data
Market sensitivityBeta, 5 years
BTCL 1.87TXXS 1.99

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.

  • TXXSFvsBITUA

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

    Expense ratio
    4.55% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BTCLBvsETHTA

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

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

  • TXXSFvsETHTA

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

    Expense ratio
    4.55% · 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.

  • TXXSFvsBITXB

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

    Expense ratio
    4.55% · 2.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.