# BTCU (Direxion Daily Bitcoin Bull 2X ETF)

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

Three months to Sep 11, 2026: BTCU returned +38.6% where its own daily promise gave +42.5%, 3.9 points short.

## Key facts

- BTCU, what IBIT did: +21.4%, as of Sep 11, 2026.
- BTCU, what +2 times a day gives: +42.5%, as of Sep 11, 2026.
- BTCU, what the fund returned: +38.6%, as of Sep 11, 2026.
- BTCU, the fund itself cost: −3.9 pts, as of Sep 11, 2026.
- BTCU, expense ratio: 1.13% (485BPOS XBRL, Feb 26, 2026).
- BTCU, underlying: IBIT, as of Sep 11, 2026.

## BTCU over each window to Sep 11, 2026

| Window | Fund | IBIT | +2x the move | Difference | IBIT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +45.3% | +22.0% | +43.9% | +1.3 pts | 45% |
| 3 months | +38.6% | +21.4% | +42.9% | −4.3 pts | 38% |
| Since launch | −2.1% | +3.1% | +6.2% | −8.3 pts | 41% |

## 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 | +1.8 times, against +2 stated | ETFIQ |
| Underlying | IBIT | ETFIQ |
| Segment | asset class, crypto | ETFIQ |
| Expense ratio | 1.13% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | May 27, 2026 | ETFIQ |
| Underlying volatility over the window | 38% annualized | ETFIQ |

## Questions

### Did BTCU return +2 times IBIT?

Over the window to Sep 11, 2026, IBIT moved +21.4% and BTCU returned +38.6%. 2 times that move is +42.9%, so the fund came out 4.3 points short of it.

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

Because it resets daily. BTCU 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, BTCU, data as of Sep 11, 2026. https://etfiq.com/funds/BTCU
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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