2x Bitcoin Strategy ETF (BITX) 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 BITX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BITX
BITX charges 2.38% annually. There are 125 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 | BITX vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.71B | Jul 2024 | BITX vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.57B | Jul 2024 | BITX vs ETH | |
| Franklin Crypto Index ETF | 0.19% | 14.11M | Feb 2025 | BITX vs EZPZ | |
| Franklin Bitcoin ETF | 0.19% | 354.69M | Jan 2024 | BITX vs EZBC |
Best Risk-Adjusted Alternatives to BITX
BITX has a PortfoliosLab risk / return rank of 2. There are 71 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 | BITX vs ZCSH | |
| CoinShares Bitcoin Miners ETF | 62 | 240.40M | Feb 2022 | BITX vs WGMI | |
| ProShares Short Bitcoin ETF | 51 | 129.73M | Jun 2022 | BITX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | 45 | 176.54M | Apr 2024 | BITX vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 40 | — | Jul 2024 | BITX vs BTCZ |
Top Performing BITX Alternatives (YTD)
BITX is at -56.44% YTD. There are 104 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 | BITX vs WGMI | |
| Proshares Ultrashort Bitcoin ETF | 35.42% | 176.54M | Apr 2024 | BITX vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 30.29% | — | Jul 2024 | BITX vs BTCZ | |
| ProShares Short Ether Strategy ETF | 29.49% | 16.03M | Nov 2023 | BITX vs SETH | |
| ProShares UltraShort Ether ETF | 29.04% | 60.61M | Jun 2024 | BITX vs ETHD |
Lowest Volatility Alternatives to BITX
BITX has 88.21% 1-year volatility. There are 118 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 | BITX vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.65% | — | Oct 2025 | BITX vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.48% | — | Oct 2025 | BITX vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.54% | — | Oct 2025 | BITX vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.69% | 7.65M | Sep 2025 | BITX vs BFOC |
Lowest Drawdown Alternatives to BITX
BITX 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 | BITX vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.44M | Jun 2025 | BITX vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 111.94M | Dec 2024 | BITX vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 129.73M | Jun 2022 | BITX vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.73% | 735.02K | Mar 2024 | BITX vs BTRN |
Other ETFs from Volatility Shares
The 8 most viewed Volatility Shares ETFs shown here include UVIX, SVIX, ETHU and span 5 categories. AUM among these funds goes as high as $740M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| 2x Long VIX Futures ETF | Volatility | 1 | -52.21% | 268.36M | Mar 2022 | BITX vs UVIX | |
| -1x Short VIX Futures ETF | Volatility, Inverse Equities | 37 | 0.58% | 195.06M | Mar 2022 | BITX vs SVIX | |
| Volatility Shares 2x Ether ETF | Leveraged Cryptocurrency, Cryptocurrency | 3 | -71.31% | 740.23M | Jun 2024 | BITX vs ETHU | |
| Volatility Premium Plus ETF | Volatility | 37 | 5.04% | 14.02M | Apr 2023 | BITX vs ZVOL | |
| Solana ETF | Cryptocurrency | 3 | -41.22% | 92.03M | Mar 2025 | BITX vs SOLZ | |
| Volatility Shares 2x XRP ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -76.84% | — | May 2025 | BITX vs XRPT | |
| 2x Solana ETF | Blockchain | 3 | -74.81% | 124.67M | Mar 2025 | BITX vs SOLT | |
| Volatility Shares XRP ETF | Cryptocurrency | 1 | -43.35% | 92.72M | May 2025 | BITX vs XRPI |
Often Compared With BITX
Investors most often compare BITX with BITU, IBIT, BTC-USD. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare BITX with Any Fund or Stock
Compare BITX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BITX with funds that move differently
2x Bitcoin Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BITX.
Explore BITX Diversifiers