{"url":"https://etfiq.com/compare/leverage/biti-vs-btcz","section":"compare","title":"BITI vs BTCZ: which held to its multiple? | ETFIQ","description":"BITI sets out to return -1 times IBIT each day and BTCZ -2 times. Over the three months to Sep 30, 2026 they finished +9.6 pts and +24.8 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, BITI or BTCZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, BITI finished 9.6 points from what its multiple implies and BTCZ finished 24.8 points from its own, so BITI came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are BITI and BTCZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on bitcoin, BITI at -1 times and BTCZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, BITI or BTCZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window BITI\u2019s moved at 38% annualized and BTCZ\u2019s at 38%, so BITI has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold BITI or BTCZ for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, BITI or BTCZ?","acceptedAnswer":{"@type":"Answer","text":"BITI charges 1.02% a year and BTCZ charges 0.95%, so BTCZ is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"BITI vs BTCZ","item":"https://etfiq.com/compare/leverage/biti-vs-btcz"}]},{"@type":"WebPage","name":"BITI vs BTCZ: which held to its multiple?","description":"BITI sets out to return -1 times IBIT each day and BTCZ -2 times. Over the three months to Sep 30, 2026 they finished +9.6 pts and +24.8 pts away.","url":"https://etfiq.com/compare/leverage/biti-vs-btcz","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, BITI finished 1.2 points over and BTCZ 0.5 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of BITI and BTCZ","description":"BITI sets out to return -1 times IBIT each day and BTCZ -2 times. Over the three months to Sep 30, 2026 they finished +9.6 pts and +24.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/biti-vs-btcz","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6887,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / BITI vs BTCZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n BITI vs BTCZ: which held to its multiple?\n\n Over three months against its own daily promise, BITI finished 1.2 points over and BTCZ 0.5 points over.\n Copy this for sharing \n \n ProShares Short Bitcoin ETF and T-REX 2X INVERSE BITCOIN DAILY TARGET ETF.\n\n Download as PDF \n\n \u221229.6% BITI returned, 3 months \n \u221253.7% BTCZ returned, 3 months \n +9.6 pts BITI from its stated multiple \n +24.8 pts BTCZ from its stated multiple \n\n ETFIQ Decay Resistance Score: BITI scores higher\n Did","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/biti-vs-btcz","a":{"ticker":"BITI","name":"ProShares Short Bitcoin ETF","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: BITI returned \u221229.6% where its own daily promise gave \u221230.9%, 1.2 points over.","url":"https://etfiq.com/funds/biti","key_facts":[{"label":"What IBIT did","value":"+39.2%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"\u221230.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221229.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$81m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.02%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"b":{"ticker":"BTCZ","name":"T-REX 2X INVERSE BITCOIN DAILY TARGET ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: BTCZ returned \u221253.7% where its own daily promise gave \u221254.2%, 0.5 points over.","url":"https://etfiq.com/funds/btcz","key_facts":[{"label":"What IBIT did","value":"+39.2%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221254.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221253.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+0.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$16m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 30, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/biti-vs-btcz"}