# BTCU (Direxion Daily Bitcoin Bull 2X ETF)

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

Three months to Sep 30, 2026: BTCU returned +81.8% where its own daily promise gave +87.1%, 5.3 points short.

## Key facts

- BTCU, what IBIT did: +39.2%, as of Sep 30, 2026.
- BTCU, what 2 times a day gives: +87.1%, as of Sep 30, 2026.
- BTCU, what the fund returned: +81.8%, as of Sep 30, 2026.
- BTCU, the fund itself cost: −5.3 pts, as of Sep 30, 2026.
- BTCU, net assets: $6m (issuer page, as of Sep 30, 2026).
- BTCU, expense ratio: 1.13% (485BPOS XBRL, Feb 26, 2026).

## BTCU over each window to Sep 30, 2026

| Window | Fund | IBIT | +2x the move | Difference | IBIT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +9.6% | +6.0% | +12.0% | −2.4 pts | 43% |
| 3 months | +81.8% | +39.2% | +78.5% | +3.3 pts | 38% |
| Since launch | +12.8% | +11.5% | +23.0% | −10.2 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 | +2.08 times, against +2 stated | ETFIQ |
| Underlying | IBIT | ETFIQ |
| Segment | asset class, crypto | ETFIQ |
| Net assets | $6m | issuer page, as of Sep 30, 2026 |
| 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 30, 2026, IBIT moved +39.2% and BTCU returned +81.8%. 2 times that move is +78.5%, so the fund came out 3.3 points ahead 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 figure itself.


## Cite this page

ETFIQ, BTCU, data as of Sep 30, 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