Data as of Oct 28, 2026.
BITO vs USFR: Differences, Returns & Fees
Over the year to Oct 28, 2026, BITO returned −30.5% to USFR's +4.1%, and USFR charges 0.15% to BITO's 0.95%.
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Net assets: $1.6bn on Oct 28, 2026 for ProShares Bitcoin ETF, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.
Pair scorecard
USFR costs 0.80 points a year less; their one-year returns differ by 34.6 points.
| Measure | BITO | USFR |
|---|---|---|
| Return | ||
| Total return, 1 year | −30.5% | +4.1% |
| Benchmark | ||
| What it tracks | Bitcoin futures and swaps on Bitcoin | Bloomberg U.S. Treasury Floating Rate Bond Index |
| Cost and size | ||
| Expense ratio | 0.95% | 0.15% |
| Net assets, BITO as of Oct 28, 2026 and USFR as of May 31, 2026 | $1.6bn | $17.0bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, BITO and USFR hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
BITO and USFR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
BITO is a registered fund that reaches Bitcoin through what its N-PORT for Aug 31, 2026 lists: Bitcoin futures and swaps on Bitcoin. 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.
USFR
USFR tracks an index of Floating Rate Treasury. Over the year to Oct 28, 2026 it returned +4.1% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Bond Index. The prospectus expense ratio is 0.15% a year.
Questions people ask
- Are BITO and USFR in the same category?
- BITO is a crypto futures ETF and USFR is a bond 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 USFR?
- In the year to Oct 28, 2026, with distributions reinvested, BITO returned −30.5% and USFR +4.1%.
- Which is cheaper, BITO or USFR?
- USFR is cheaper, by 0.80 percentage points a year. That is about $80 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.
Cite this pageCitation, APA and Markdown
ETFIQ, BITO against USFR, data as of Oct 28, 2026. https://etfiq.com/compare/any/bito-vs-usfr
ETFIQ. (Oct 28, 2026). BITO against USFR. Retrieved from https://etfiq.com/compare/any/bito-vs-usfr
[BITO against USFR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bito-vs-usfr)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.