{"url":"https://etfiq.com/compare/leverage/btcl-vs-btcu","section":"compare","title":"BTCL vs BTCU: which held to its multiple? | ETFIQ","description":"BTCL sets out to return +2 times IBIT each day and BTCU +2 times. Over the three months to Sep 30, 2026 they finished +2.5 pts and +3.3 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, BTCL or BTCU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, BTCL finished 2.5 points from what its multiple implies and BTCU finished 3.3 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 BTCL and BTCU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on bitcoin, BTCL at +2 times and BTCU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, BTCL or BTCU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window BTCL\u2019s moved at 38% annualized and BTCU\u2019s at 38%, so BTCL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold BTCL or BTCU 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, BTCL or BTCU?","acceptedAnswer":{"@type":"Answer","text":"BTCL charges 0.95% a year and BTCU charges 1.13%, 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":"BTCL vs BTCU","item":"https://etfiq.com/compare/leverage/btcl-vs-btcu"}]},{"@type":"WebPage","name":"BTCL vs BTCU: which held to its multiple?","description":"BTCL sets out to return +2 times IBIT each day and BTCU +2 times. Over the three months to Sep 30, 2026 they finished +2.5 pts and +3.3 pts away.","url":"https://etfiq.com/compare/leverage/btcl-vs-btcu","dateModified":"2026-09-30","abstract":"Over the days both have traded, BTCL finished 2.5 points from its stated multiple and BTCU 3.3.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of BTCL and BTCU","description":"BTCL sets out to return +2 times IBIT each day and BTCU +2 times. Over the three months to Sep 30, 2026 they finished +2.5 pts and +3.3 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/btcl-vs-btcu","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":6571,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / BTCL vs BTCU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n BTCL vs BTCU: which held to its multiple?\n\n Over the days both have traded, BTCL finished 2.5 points from its stated multiple and BTCU 3.3.\n Copy this for sharing \n \n T-REX 2X LONG BITCOIN DAILY TARGET ETF and Direxion Daily Bitcoin Bull 2X ETF.\n\n Download as PDF \n\n +81.0% BTCL returned, 3 months \n +81.8% BTCU returned, 3 months \n +2.5 pts BTCL from its stated multiple \n +3.3 pts BTCU from its stated multiple \n\n ETFIQ Decay Resistance Score: BTCU scores higher\n Did it ke","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/btcl-vs-btcu","a":{"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"}]},"b":{"ticker":"BTCU","name":"Direxion Daily Bitcoin Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: BTCU returned +81.8% where its own daily promise gave +87.1%, 5.3 points short.","url":"https://etfiq.com/funds/btcu","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":"+81.8%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22125.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$6m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.13%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 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/btcl-vs-btcu"}