{"url":"https://etfiq.com/compare/leverage/bitx-vs-btcl","section":"compare","title":"BITX vs BTCL: which held to its multiple? | ETFIQ","description":"BITX sets out to return +2 times IBIT each day and BTCL +2 times. Over the three months to Sep 30, 2026 they finished +3.8 pts and +2.5 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, BITX or BTCL?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, BITX finished 3.8 points from what its multiple implies and BTCL finished 2.5 points from its own, so BTCL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are BITX and BTCL levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on bitcoin, BITX at +2 times and BTCL at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, BITX or BTCL?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window BITX\u2019s moved at 38% annualized and BTCL\u2019s at 38%, so BITX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold BITX or BTCL 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, BITX or BTCL?","acceptedAnswer":{"@type":"Answer","text":"BITX charges 2.75% a year and BTCL charges 0.95%, so BTCL 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":"BITX vs BTCL","item":"https://etfiq.com/compare/leverage/bitx-vs-btcl"}]},{"@type":"WebPage","name":"BITX vs BTCL: which held to its multiple?","description":"BITX sets out to return +2 times IBIT each day and BTCL +2 times. Over the three months to Sep 30, 2026 they finished +3.8 pts and +2.5 pts away.","url":"https://etfiq.com/compare/leverage/bitx-vs-btcl","dateModified":"2026-09-30","abstract":"Over the days both have traded, BITX finished 3.8 points from its stated multiple and BTCL 2.5.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of BITX and BTCL","description":"BITX sets out to return +2 times IBIT each day and BTCL +2 times. Over the three months to Sep 30, 2026 they finished +3.8 pts and +2.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/bitx-vs-btcl","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":6537,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / BITX vs BTCL \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n BITX vs BTCL: which held to its multiple?\n\n Over the days both have traded, BITX finished 3.8 points from its stated multiple and BTCL 2.5.\n Copy this for sharing \n \n 2x Bitcoin Strategy ETF and T-REX 2X LONG BITCOIN DAILY TARGET ETF.\n\n Download as PDF \n\n +82.3% BITX returned, 3 months \n +81.0% BTCL returned, 3 months \n +3.8 pts BITX from its stated multiple \n +2.5 pts BTCL from its stated multiple \n\n ETFIQ Decay Resistance Score: BITX scores higher\n Did it keep up with ","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/bitx-vs-btcl","a":{"ticker":"BITX","name":"2x Bitcoin Strategy ETF","issuer":"Volatility Shares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: BITX returned +82.3% where its own daily promise gave +87.1%, 4.8 points short.","url":"https://etfiq.com/funds/bitx","key_facts":[{"label":"What IBIT did","value":"+39.2%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+87.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+82.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22124.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$1.1bn","as_of":"2026-09-30","source":"issuer page, as of Sep 15, 2026"},{"label":"Expense ratio","value":"2.75%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 26, 2026"}]},"b":{"ticker":"BTCL","name":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: BTCL returned +81.0% where its own daily promise gave +87.1%, 6.1 points short.","url":"https://etfiq.com/funds/btcl","key_facts":[{"label":"What IBIT did","value":"+39.2%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+87.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+81.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22126.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$37m","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/bitx-vs-btcl"}