Data as of Oct 28, 2026.
BITO vs BWET: Differences, Returns & Fees
Over the year to Oct 28, 2026, BITO returned −30.5% to BWET's +5,121.7%, and BITO charges 0.95% to BWET's 4.68%.
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Net assets on Oct 28, 2026: $1.6bn for ProShares Bitcoin ETF and $178m for Breakwave Tanker Shipping ETF.
Pair scorecard
BITO costs 3.73 points a year less; their one-year returns differ by 5152.2 points; BITO is 9.0 times larger.
| Measure | BITO | BWET |
|---|---|---|
| Return | ||
| Total return, 1 year | −30.5% | +5,121.7% |
| Drawdown | ||
| Below its high | 11.2%, high on Oct 8, 2026 | |
| Benchmark | ||
| What it tracks | Bitcoin futures and swaps on Bitcoin | Tanker freight futures |
| Cost and size | ||
| Expense ratio | 0.95% | 4.68% |
| Net assets | $1.6bn | $178m |
| Holdings | ||
| Holdings in common | not published | |
Side by side
BITO and BWET on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
Its expense ratio is 4.68%, for the year to Jun 30, 2026, as its 10-K states.
BWET holds tanker freight futures. Over the year to Oct 28, 2026 it returned +5,121.7% with distributions reinvested. It sat 11.2% below its high of Oct 8, 2026 on Oct 28, 2026.
Questions people ask
- Are BITO and BWET in the same category?
- BITO is a crypto futures ETF and BWET is a commodity ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, BITO or BWET?
- In the year to Oct 28, 2026, with distributions reinvested, BITO returned −30.5% and BWET +5,121.7%.
- Which is cheaper, BITO or BWET?
- BITO is cheaper, by 3.73 percentage points a year. That is about $373 on $10,000 held for a year. Fees come from each fund's own filings.
Links are sources, not endorsements. A comparison is not a recommendation.
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ETFIQ, BITO against BWET, data as of Oct 28, 2026. https://etfiq.com/compare/any/bito-vs-bwet
ETFIQ. (Oct 28, 2026). BITO against BWET. Retrieved from https://etfiq.com/compare/any/bito-vs-bwet
[BITO against BWET (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bito-vs-bwet)
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