# BITU (ProShares Ultra Bitcoin ETF)

ProShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: BITU returned +80.8% where its own daily promise gave +87.1%, 6.3 points short.

## Key facts

- BITU, what IBIT did: +39.2%, as of Sep 30, 2026.
- BITU, what 2 times a day gives: +87.1%, as of Sep 30, 2026.
- BITU, what the fund returned: +80.8%, as of Sep 30, 2026.
- BITU, the fund itself cost: −6.3 pts, as of Sep 30, 2026.
- BITU, net assets: $600m (issuer page, as of Sep 30, 2026).
- BITU, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026).

## BITU over each window to Sep 30, 2026

| Window | Fund | IBIT | +2x the move | Difference | IBIT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +9.4% | +6.0% | +12.0% | −2.6 pts | 43% |
| 3 months | +80.8% | +39.2% | +78.5% | +2.3 pts | 38% |
| 6 months | +30.4% | +22.5% | +45.0% | −14.7 pts | 38% |
| 1 year | −62.6% | −27.2% | −54.3% | −8.3 pts | 46% |
| Since launch | −39.4% | +25.9% | +51.8% | −91.2 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 | +2.06 times, against +2 stated | ETFIQ |
| Underlying | IBIT | ETFIQ |
| Segment | asset class, crypto | ETFIQ |
| Net assets | $600m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 25, 2026 |
| 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 30, 2026, IBIT moved +39.2% and BITU returned +80.8%. 2 times that move is +78.5%, so the fund came out 2.3 points ahead 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 figure itself.


## Cite this page

ETFIQ, BITU, data as of Sep 30, 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