ProShares Short Bitcoin ETF (BITI) belongs to the Cryptocurrency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BITI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BITI
BITI charges 1.03% annually. There are 102 ETFs in the Cryptocurrency category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Bitcoin Trust | 0.14% | 368.03M | Apr 2026 | BITI vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.60B | Jul 2024 | BITI vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.51B | Jul 2024 | BITI vs ETH | |
| Franklin Bitcoin ETF | 0.19% | 331.89M | Jan 2024 | BITI vs EZBC | |
| Franklin Solana ETF | 0.19% | 8.80M | Dec 2025 | BITI vs SOEZ |
Best Risk-Adjusted Alternatives to BITI
BITI has a PortfoliosLab risk / return rank of 52. There is 1 ETF in the Cryptocurrency category with a higher risk-adjusted rank, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 95 | — | Oct 2017 | BITI vs ZCSH | |
| Proshares Ultrashort Bitcoin ETF | 48 | 158.01M | Apr 2024 | BITI vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 42 | — | Jul 2024 | BITI vs BTCZ | |
| CoinShares Bitcoin Miners ETF | 36 | 395.17M | Feb 2022 | BITI vs WGMI | |
| REX Crypto Equity Premium Income ETF | 20 | 112.35M | Dec 2024 | BITI vs CEPI |
Top Performing BITI Alternatives (YTD)
BITI is at 24.48% YTD. There are 6 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 34.55%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | 34.55% | 158.01M | Apr 2024 | BITI vs SBIT | |
| ProShares UltraShort Ether ETF | 30.34% | 51.90M | Jun 2024 | BITI vs ETHD | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 29.81% | — | Jul 2024 | BITI vs BTCZ | |
| ProShares Short Ether Strategy ETF | 29.34% | 17.31M | Nov 2023 | BITI vs SETH | |
| CoinShares Bitcoin Miners ETF | 25.69% | 395.17M | Feb 2022 | BITI vs WGMI |
Lowest Volatility Alternatives to BITI
BITI has 44.15% 1-year volatility. There are 29 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 2.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.00% | — | Oct 2025 | BITI vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.72% | — | Oct 2025 | BITI vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.66% | — | Oct 2025 | BITI vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.88% | — | Oct 2025 | BITI vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.91% | 7.63M | Sep 2025 | BITI vs BFOC |
Lowest Drawdown Alternatives to BITI
BITI has a 1-year max drawdown of -25.28%. There are 3 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -14.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -14.02% | 22.57M | Aug 2022 | BITI vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.45M | Jun 2025 | BITI vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 112.35M | Dec 2024 | BITI vs CEPI | |
| Global X Bitcoin Trend Strategy ETF | -26.03% | 1.48M | Mar 2024 | BITI vs BTRN | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | -27.89% | 14.58M | Mar 2023 | BITI vs BITC |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $37B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 41 | 34.71% | 37.04B | Feb 2010 | BITI vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 44 | 25.90% | 14.15B | Jun 2006 | BITI vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 1 | -27.77% | 1.45B | Oct 2021 | BITI vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 51 | 24.61% | 5.47B | Jun 2009 | BITI vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 54 | 17.80% | 8.13B | Jun 2006 | BITI vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 60 | 63.25% | 2.97B | Jan 2007 | BITI vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 40 | 11.29% | 11.63B | Oct 2013 | BITI vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -38.86% | 2.09B | Feb 2010 | BITI vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 48 | 12.64% | 410.75M | Mar 2024 | BITI vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -34.93% | 216.19M | Oct 2011 | BITI vs UVXY |
Often Compared With BITI
Investors most often compare BITI with BTCI, BTC-USD, MSTY. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare BITI with Any Fund or Stock
Compare BITI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BITI with funds that move differently
ProShares Short Bitcoin ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BITI.
Explore BITI Diversifiers