# BITU (ProShares Ultra Bitcoin ETF)

ProShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: BITU returned +37.3% where its own daily promise gave +42.5%, 5.2 points short.

## Key facts

- BITU, what IBIT did: +21.4%, as of Sep 11, 2026.
- BITU, what +2 times a day gives: +42.5%, as of Sep 11, 2026.
- BITU, what the fund returned: +37.3%, as of Sep 11, 2026.
- BITU, the fund itself cost: −5.2 pts, as of Sep 11, 2026.
- BITU, net assets: $480m (issuer page, as of Sep 11, 2026).
- BITU, expense ratio: 0.98% (485BPOS XBRL, Sep 23, 2025).

## BITU over each window to Sep 11, 2026

| Window | Fund | IBIT | +2x the move | Difference | IBIT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +44.6% | +22.0% | +43.9% | +0.7 pts | 45% |
| 3 months | +37.3% | +21.4% | +42.9% | −5.6 pts | 38% |
| 6 months | +2.1% | +8.4% | +16.8% | −14.7 pts | 38% |
| 1 year | −68.0% | −32.7% | −65.4% | −2.6 pts | 45% |
| Since launch | −47.3% | +16.4% | +32.8% | −80.1 pts | 48% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of IBIT, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.74 times, against +2 stated | ETFIQ |
| Underlying | IBIT | ETFIQ |
| Segment | asset class, crypto | ETFIQ |
| Net assets | $480m | issuer page, as of Sep 11, 2026 |
| Expense ratio | 0.98% | 485BPOS XBRL, Sep 23, 2025 |
| Launched | Apr 2, 2024 | ETFIQ |
| Underlying volatility over the window | 38% annualized | ETFIQ |

## Questions

### Did BITU return +2 times IBIT?

Over the window to Sep 11, 2026, IBIT moved +21.4% and BITU returned +37.3%. 2 times that move is +42.9%, so the fund came out 5.6 points short of it.

### Why does BITU not return +2 times over a year?

Because it resets daily. BITU aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x IBIT ETF tracked its stated multiple most closely?

4 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, BITU, data as of Sep 11, 2026. https://etfiq.com/funds/BITU
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/BITU  ·  JSON: https://etfiq.com/funds/BITU.json