Bitcoin, the largest cryptocurrency by market capitalization, continues to be the most widely traded digital asset in the world. With its price volatility creating opportunities for both bulls and bears, several fund families have launched specialized ETFs targeting BTC with 2x, -2x and mixed leverage ratios.
Quick Overview
| Ticker | Fund Name | Leverage | Direction | Expense Ratio | AUM |
|---|---|---|---|---|---|
| Long | |||||
| BITX | Volatility Shares 2x Bitcoin Strategy ETF | 2x | Long | 2.75% | $1.3B |
| BITU | ProShares Ultra Bitcoin ETF | 2x | Long | 0.95% | $614.8M |
| BTGD | STKd 100% Bitcoin & 100% Gold ETF | 2x | Long | 1.09% | $55.1M |
| BTCL | T-Rex 2x Long Bitcoin Daily Mutual Fund | 2x | Long | 0.95% | $38.2M |
| XBTY | GraniteShares YieldBOOST Bitcoin ETF | variable | Long | 1.15% | $10.2M |
| ISBG | IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF | 2x | Long | 1.14% | $8.1M |
| BTCU | Direxion Daily Bitcoin Bull 2X ETF | 2x | Long | 1.13% | $6.3M |
| ISSB | IncomeSTKd 1x US Stocks & 1x Bitcoin Premium ETF | 2x | Long | 1.14% | $2.4M |
| Short (Inverse) | |||||
| SBIT | ProShares UltraShort Bitcoin ETF | 2x | Short | 0.95% | $126.8M |
| BTCZ | T-Rex 2x Inverse Bitcoin Daily Fund | 2x | Short | 0.95% | $18.3M |
| BITI | ProShares Short Bitcoin ETF | 1x | Short | 1.03% | - |
Note: BTGD, ISBG, ISSB are multi-asset ETFs that combine Bitcoin with other assets (Gold, S&P 500, Nasdaq-100, or US Stocks). They do not provide pure Bitcoin exposure.
BITX
Volatility Shares 2x Bitcoin Strategy ETF
BITU
ProShares Ultra Bitcoin ETF
Multi-Asset: This ETF combines Bitcoin with Gold exposure and is not a pure Bitcoin play.
BTGD
STKd 100% Bitcoin & 100% Gold ETF
BTCL
T-Rex 2x Long Bitcoin Daily Mutual Fund
XBTY
GraniteShares YieldBOOST Bitcoin ETF
Multi-Asset: This ETF combines Bitcoin with Gold exposure and is not a pure Bitcoin play.
ISBG
IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF
BTCU
Direxion Daily Bitcoin Bull 2X ETF
Multi-Asset: This ETF combines Bitcoin with US Stocks exposure and is not a pure Bitcoin play.
ISSB
IncomeSTKd 1x US Stocks & 1x Bitcoin Premium ETF
SBIT
ProShares UltraShort Bitcoin ETF
BTCZ
T-Rex 2x Inverse Bitcoin Daily Fund
BITI
ProShares Short Bitcoin ETF
I have personally traded SBIT and one important observation I made was, due to the extreme price volatility, the premium decay happens quickly, even when you got the direction right
Risk Warning: Leveraged and inverse ETFs are complex financial instruments that may not be suitable for all investors. Past performance does not guarantee future results. Please consult with a financial advisor before making investment decisions.