Data as of Oct 28, 2026.
BIL vs BITO: Differences, Returns & Fees
Over the year to Oct 28, 2026, BIL returned +3.7% to BITO's −30.5%, and BIL charges 0.14% to BITO's 0.95%.
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Net assets: $48.7bn on Oct 27, 2026 for SPDR Bloomberg 1-3 Month T-Bill ETF, and $1.6bn on Oct 28, 2026 for ProShares Bitcoin ETF.
Pair scorecard
BIL costs 0.81 points a year less; their one-year returns differ by 34.2 points; BIL is far larger, $48.7bn against $1.6bn.
| Measure | BIL | BITO |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.7% | −30.5% |
| Benchmark | ||
| What it tracks | Bloomberg 1-3 Month U.S. Treasury Bill Index | Bitcoin futures and swaps on Bitcoin |
| Cost and size | ||
| Expense ratio | 0.14% | 0.95% |
| Net assets, as of Oct 27, 2026 | $48.7bn | $1.6bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
What they share
By the books each fund has filed, BIL and BITO hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
BIL and BITO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BIL
BIL tracks an index of 1-3 month T-bills. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.14% a year.
BITO is a registered fund that reaches Bitcoin through what its N-PORT for Aug 31, 2026 lists: Bitcoin futures and swaps on Bitcoin. Over the year to Oct 28, 2026, Bitcoin moved −28.3% and BITO returned −30.5%. That leaves it 2.2 percentage points behind. BITO is a registered investment company: it files a monthly N-PORT rather than a 10-K. Its N-PORT for Aug 31, 2026 puts 67.9% of its net assets in ProShares GENIUS Money Market ETF.
A holder gets exposure to Bitcoin without the fund holding the coin itself. That difference is the fee, the cost of rolling the futures from one month to the next, what the futures traded at against Bitcoin, and what the market paid for the shares, all of it together. It is the only number on this page the sponsor does not publish itself.
Questions people ask
- Are BIL and BITO in the same category?
- BIL is a bond ETF and BITO is a crypto futures ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, BIL or BITO?
- In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and BITO −30.5%.
- Which is cheaper, BIL or BITO?
- BIL is cheaper, by 0.81 percentage points a year. That is about $81 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, BIL against BITO, data as of Oct 28, 2026. https://etfiq.com/compare/any/bil-vs-bito
ETFIQ. (Oct 28, 2026). BIL against BITO. Retrieved from https://etfiq.com/compare/any/bil-vs-bito
[BIL against BITO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bil-vs-bito)
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