Volatility Shares 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 1.85% annually. There are 105 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% | — | Apr 2026 | BITX vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.89B | Jul 2024 | BITX vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.87B | Jul 2024 | BITX vs ETH | |
| Franklin Bitcoin ETF | 0.19% | 426.34M | Jan 2024 | BITX vs EZBC | |
| Franklin Ethereum ETF | 0.19% | 41.19M | Jul 2024 | BITX vs EZET |
Best Risk-Adjusted Alternatives to BITX
BITX has a PortfoliosLab risk / return rank of 2. There are 60 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 92 | — | Oct 2017 | BITX vs ZCSH | |
| Valkyrie Bitcoin Miners ETF | 79 | 395.17M | Feb 2022 | BITX vs WGMI | |
| iShares Blockchain and Tech ETF | 33 | 102.76M | Apr 2022 | BITX vs IBLC | |
| REX Crypto Equity Premium Income ETF | 32 | — | Dec 2024 | BITX vs CEPI | |
| ProShares Shrt Bitcoin ETF | 30 | 177.35M | Jun 2022 | BITX vs BITI |
Top Performing BITX Alternatives (YTD)
BITX is at -52.31% YTD. There are 94 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 84.78%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Valkyrie Bitcoin Miners ETF | 84.78% | 395.17M | Feb 2022 | BITX vs WGMI | |
| ProShares UltraShort Ether ETF | 63.80% | 91.08M | Jun 2024 | BITX vs ETHD | |
| Grayscale Zcash Trust (ZEC) | 41.32% | — | Oct 2017 | BITX vs ZCSH | |
| ProShares Short Ether Strategy ETF | 40.93% | 20.06M | Nov 2023 | BITX vs SETH | |
| Proshares Ultrashort Bitcoin ETF | 37.02% | 203.71M | Apr 2024 | BITX vs SBIT |
Lowest Volatility Alternatives to BITX
BITX has 86.83% 1-year volatility. There are 101 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ARK 21Shares Active Bitcoin Ethereum Strategy ETF | 0.00% | 3.59M | Nov 2023 | BITX vs ARKY | |
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.14% | — | Oct 2025 | BITX vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.88% | — | Oct 2025 | BITX vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 7.23% | — | Oct 2025 | BITX vs CBXO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 12.61% | 7.66M | Sep 2025 | BITX vs BFOC |
Lowest Drawdown Alternatives to BITX
BITX has a 1-year max drawdown of -78.92%. There are 56 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -7.63%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -7.63% | 22.49M | Aug 2022 | BITX vs BCDF | |
| REX Crypto Equity Premium Income ETF | -22.47% | — | Dec 2024 | BITX vs CEPI | |
| ProShares Shrt Bitcoin ETF | -25.28% | 177.35M | Jun 2022 | BITX vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.29% | 1.60M | Mar 2024 | BITX vs BTRN | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | -26.51% | 17.91M | Mar 2023 | BITX vs BITC |
Other ETFs from Volatility Shares
The 9 most viewed Volatility Shares ETFs shown here include UVIX, SVIX, ETHU and span 7 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Volatility Shares 2x Long VIX Futures ETF | Volatility | 2 | -31.87% | 425.83M | Mar 2022 | BITX vs UVIX | |
| Volatility Shares -1x Short VIX Futures ETF | Inverse Equities | 26 | -8.17% | 215.09M | Mar 2022 | BITX vs SVIX | |
| Volatility Shares 2x Ether ETF | Cryptocurrency, Leveraged Cryptocurrency | 4 | -71.31% | 2.03B | Nov 2023 | BITX vs ETHU | |
| Volatility Premium Plus ETF | Volatility | 16 | -2.29% | 14.96M | Apr 2023 | BITX vs ZVOL | |
| Solana ETF | Cryptocurrency | 2 | -42.90% | 225.52M | Mar 2025 | BITX vs SOLZ | |
| -1x Short VIX Mid-Term Futures Strategy ETF | Inverse Equities | — | — | 12.30M | Apr 2023 | BITX vs ZIVB | |
| Volatility Shares One+One Nasdaq-100® and Bitcoin ... | Nasdaq-100, Leveraged Equities, Leveraged Cryptocurrency | 4 | -18.43% | 1.44M | Feb 2025 | BITX vs OOQB | |
| Volatility Shares 2x XRP ETF | Cryptocurrency, Leveraged Cryptocurrency | 3 | -69.02% | — | May 2025 | BITX vs XRPT | |
| 2x Solana ETF | Blockchain | 2 | -74.43% | 663.43M | Mar 2025 | BITX vs SOLT |
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
Volatility Shares 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