Proshares Ultra Bitcoin ETF (BITU) 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 BITU. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BITU
BITU charges 0.95% annually. There are 90 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% | 392.19M | Apr 2026 | BITU vs MSBT | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.57B | Jul 2024 | BITU vs ETH | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.71B | Jul 2024 | BITU vs BTC | |
| Franklin Crypto Index ETF | 0.19% | 14.11M | Feb 2025 | BITU vs EZPZ | |
| Franklin Bitcoin ETF | 0.19% | 354.69M | Jan 2024 | BITU vs EZBC |
Best Risk-Adjusted Alternatives to BITU
BITU has a PortfoliosLab risk / return rank of 2. There are 72 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 96 | — | Oct 2017 | BITU vs ZCSH | |
| CoinShares Bitcoin Miners ETF | 62 | 240.40M | Feb 2022 | BITU vs WGMI | |
| ProShares Short Bitcoin ETF | 51 | 129.73M | Jun 2022 | BITU vs BITI | |
| Proshares Ultrashort Bitcoin ETF | 45 | 176.54M | Apr 2024 | BITU vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 40 | — | Jul 2024 | BITU vs BTCZ |
Top Performing BITU Alternatives (YTD)
BITU is at -57.36% YTD. There are 106 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 43.06%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| CoinShares Bitcoin Miners ETF | 43.06% | 240.40M | Feb 2022 | BITU vs WGMI | |
| Proshares Ultrashort Bitcoin ETF | 35.42% | 176.54M | Apr 2024 | BITU vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 30.29% | — | Jul 2024 | BITU vs BTCZ | |
| ProShares Short Ether Strategy ETF | 29.49% | 16.03M | Nov 2023 | BITU vs SETH | |
| ProShares UltraShort Ether ETF | 29.04% | 60.61M | Jun 2024 | BITU vs ETHD |
Lowest Volatility Alternatives to BITU
BITU has 88.40% 1-year volatility. There are 119 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 1.95%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 1.95% | — | Oct 2025 | BITU vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.65% | — | Oct 2025 | BITU vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.48% | — | Oct 2025 | BITU vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.54% | — | Oct 2025 | BITU vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.69% | 7.65M | Sep 2025 | BITU vs BFOC |
Lowest Drawdown Alternatives to BITU
BITU has a 1-year max drawdown of -83.45%. There are 68 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% | 23.25M | Aug 2022 | BITU vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.44M | Jun 2025 | BITU vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 111.94M | Dec 2024 | BITU vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 129.73M | Jun 2022 | BITU vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.73% | 735.02K | Mar 2024 | BITU vs BTRN |
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 $33B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 45 | 29.42% | 32.83B | Feb 2010 | BITU vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 48 | 23.13% | 12.76B | Jun 2006 | BITU vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -28.40% | 1.41B | Oct 2021 | BITU vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 65 | 26.96% | 5.15B | Jun 2009 | BITU vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 67 | 19.52% | 7.81B | Jun 2006 | BITU vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 58 | 55.27% | 2.47B | Jan 2007 | BITU vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 51 | 11.50% | 11.68B | Oct 2013 | BITU vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -38.05% | 2.00B | Feb 2010 | BITU vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 52 | 11.89% | 394.37M | Mar 2024 | BITU vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -36.18% | 244.68M | Oct 2011 | BITU vs UVXY |
Often Compared With BITU
Investors most often compare BITU with BITX, IBIT, BTC-USD. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare BITU with Any Fund or Stock
Compare BITU with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BITU with funds that move differently
Proshares Ultra Bitcoin ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BITU.
Explore BITU Diversifiers