Skip to content
etf.net

BTCU vs OKTG

Direxion Daily Bitcoin Bull 2X ETF

BTCUCNYSE Arca

Leverage Shares 2x Long OKTA Daily ETF

OKTGANasdaq

Overlap

0.0%by weight

Expense ratio

OKTG −0.38pt a year

BTCU1.13%OKTG0.75%

Avg volume · 30D

OKTG 1.4×the volume

BTCU27.2KOKTG38.5K

BTCU vs OKTG Performance

Jul 31, 2026 – Nov 2, 2026

+38.6%BTCU+39.8%OKTG

Jul 31, 2026 to Nov 2, 2026. BTCU +38.6%. OKTG +39.8%. Use the arrow keys to read each point.−25%0%75%100%125%Jul 2026Sep 2026Nov 2026
Expense ratio
BTCU 1.13%
OKTG 0.75%, better
Fund size
BTCU $5M
OKTG $8M
Holdings
BTCU 8
OKTG 6
Avg volume (30D)
BTCU 27.2K sh
OKTG 38.5K sh, better
NAV per share
BTCU $22.44
OKTG $53.95
52W range

ETF.net Grade

BTCU: Cost 38, Risk 82, Mission not scored, Tradability 50, Holdings not scored, Durability 55. OKTG: Cost 70, Risk 76, Mission 94, Tradability 73, Holdings not scored, Durability 51.
Pillar letters and Scores for BTCU, OKTG, with each pillar’s weight
PillarBTCUOKTG
Cost30% weightD38A70Higher
Mission25% weightNot scoredA94
Risk15% weightA82HigherA76
Tradability15% weightC50A73Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB55HigherC51

Rank among Single-Stock Long Leveraged funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BTCU and OKTG are both graded against the same 315 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 315 funds
See all 315 ›

OKTG ranks 3rd and BTCU 78th of 315 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  2. Rank 2AUNHGLeverage Shares 2x Long UNH Daily ETFScore 72
  3. Rank 3AOKTGLeverage Shares 2x Long OKTA Daily ETFScore 70
  4. Rank 3APANGLeverage Shares 2x Long PANW Daily ETFScore 70
  5. Rank 78CBABXGraniteShares 2x Long BABA Daily ETFScore 52
  6. Rank 78CBTCUDirexion Daily Bitcoin Bull 2X ETFScore 52
  7. Rank 78CLMTLDirexion Daily LMT Bull 2X ETFScore 52

Our read on each fund

ETF.net Research

BTCUCDirexion Daily Bitcoin Bull 2X ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

BTCU What if you could get 2x daily bitcoin without touching futures? That's BTCU: swaps written on a spot bitcoin ETF, targeting 200% of bitcoin's daily move. 1.13% net of a waiver through September 1, 2027.

OKTG A 2x daily amplifier on Okta, the identity-security stock, in an ETF wrapper. Leverage Shares prices it at 0.75%, under the typical leveraged single-stock fund, in a corner of the market built mostly around mega-caps.

Stated mandate

BTCU BTCU seeks daily investment results equal to 200% of Bitcoin's price performance before fees and expenses.

OKTG The fund seeks daily leveraged investment results equal to 200% of the daily performance of the publicly traded common stock identified as OKTA, before fees and expenses.

Why people hold it

  • BTCU The spot angle. Direxion built this on swaps referencing IBIT, the iShares spot bitcoin ETF, rather than CME futures, so the reference is bitcoin's price, not a futures curve.direxion.com
  • One job, stated plainly: daily results of 200% of bitcoin's price performance before fees and expenses. No stock picking, no discretion, no hedge overlay.direxion.com
  • 2x is the milder rung on the leverage ladder. The daily-reset math that chews up 3x products in choppy tape bites less hard at double.
  • On risk measures, it sits in the stronger part of a crowded leveraged-bull field of hundreds of funds.
  • OKTG Costs 0.75% a year, below the roughly 1.01% median for leveraged single-stock funds, and matches the fee on Leverage Shares' other 2x products like UNHG and ASMG.
  • Mechanically simple: it aims for 200% of Okta's daily move before fees and expenses, no margin account, options chain or share borrow involved.leverageshares.com
  • Unusual target. Most 2x single-stock ETFs point at mega-caps such as AAPU and GGLL; this one puts the same machinery on a cybersecurity name.

Worth knowing

  • BTCU This is a one-day tool. Leverage resets daily, so returns over longer stretches can diverge meaningfully from 2x bitcoin, and volatile sideways markets widen that gap.sec.gov
  • Cost runs above the category median: 1.13% net of a waiver through September 1, 2027, 1.15% gross. The cheapest-run 2x names (OKTG 0.75%, TSMG 0.76%) charge less, unwaived.
  • Young and small. It launched in 2026 with a modest asset base and light trading, which can mean wider spreads for anyone sizing a position quickly.
  • OKTG The leverage resets every day. Hold past that and returns compound, so a choppy stretch can leave you far from 2x Okta's move over the period.
  • One company, doubled. An earnings gap or a breach headline at Okta hits the fund at twice the size, with no other holdings to soften it.
  • Launched in November 2025 and still small and thinly traded, so spreads can run wider than on the long-established mega-cap leveraged funds.

Full BTCU profile⁠

Full OKTG profile⁠

BTCU vs OKTG Holdings

How BTCU and OKTG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BTCU and 0.0% of OKTG.

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for BTCU and OKTG.

Country, concentration and asset class

Country by domicile

No country split for BTCU.

Concentration

Weight in the 10 largest Holdings

  • BTCU100.0%
  • OKTG207.4%

Securities held

  • BTCU2
  • OKTG1

Asset class

BTCU
Leveraged/Inverse
OKTG
Equity

Holdings

  • Only in BTCU2
  • In both0
  • Only in OKTG1

Only in BTCU

2 securities, 18.5% of BTCU by weight

  • Goldman Finl Sq Trsry Inst 50611.01%
  • Goldman Sachs Fin Gov 465 Institut7.46%

Only in OKTG

1 security, 7.4% of OKTG by weight

  • First American Treasury Obligations Fund 01/01/20407.35%

Weight gaps

BTCU and OKTG share no securities.

All BTCU holdings⁠All 6 OKTG 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.

BTCU vs OKTG Cost

Overpaying BTCU vs OKTG

$6,282

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

  • BTCU 1.13%

    $20,764

  • OKTG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • BTCU 1.13%
  • OKTG 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530BTCU $20,764OKTG $14,482

Year by year

YearBTCUOKTGOverpaying
10$1,981$1,336$645
20$7,403$5,078$2,325
30$20,764$14,482$6,282

Expense ratio

  • 1.13%BTCU
  • 0.75%OKTG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

OKTG 87th cheapest of 315 funds

BTCU 221st cheapest of 315 funds

BTCU vs OKTG Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
BTCU No data
OKTG None
Last payment
BTCU $0.16
OKTG No data
Ex-dividend
BTCU Sep 22, 2026
OKTG No data
Paid on
BTCU Sep 29, 2026
OKTG No data
Frequency
BTCU Quarterly
OKTG No data

Distribution history

Per share, 2026, same scale for both

BTCUQuarterly · 2 paymentsAll BTCU payments⁠
One bar per payment. 2 payments in 2026 YTD. Jun 23, 2026 $0.04; Sep 22, 2026 $0.16. Use the arrow keys to read each point.$0$0.102026YTD
OKTGAll OKTG payments⁠

No distribution history available.

BTCU vs OKTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
BTCU 0.00OKTG 2.39

Popular comparisons

  • BTCUCvsTSMGA

    Direxion Daily Bitcoin Bull 2X ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.13% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • OKTGAvsTSMGA

    Leverage Shares 2x Long OKTA Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.75% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BTCUCvsUNHGA

    Direxion Daily Bitcoin Bull 2X ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.13% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • OKTGAvsUNHGA

    Leverage Shares 2x Long OKTA Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.75% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BTCUCvsPANGA

    Direxion Daily Bitcoin Bull 2X ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.13% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • OKTGAvsPANGA

    Leverage Shares 2x Long OKTA Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.75% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.