Dividend comparison

BITO vs BITY: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for ProShares Bitcoin ETF and Amplify Bitcoin 2% Monthly Option Income ETF, side by side. Updated October 21, 2026.

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BITO vs BITY: key differences
The short answer, from the latest data on this page.
  • Fees. BITY is cheaper at 0.65% a year versus 0.95% for BITO. On $10,000 that is $30 a year less in fees.
  • Income. BITY pays more income, yielding 30.46% over the last twelve months versus 22.43% for BITO. That is about $803 more a year on $10,000. Both pay monthly.
  • Risk. BITO has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -77.8%, against -7.4% for BITY.
  • Diversification. BITO holds 5 positions and BITY holds 4.
  • Size. BITO is the larger fund with $1.6 billion in assets, against $13 million for BITY.

Bottom line: BITY has the edge on these figures, with lower fees, more income today and smaller drawdowns. BITO does not lead on any of the measures compared here.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricBITO
ProShares Bitcoin ETF
BITY
Amplify Bitcoin 2% Monthly Option Income ETF
Dividend yield (TTM)22.43%30.46%
Dividend / share (TTM)$2.47$8.34
Payout frequencyMonthlyMonthly
Last dividend$0.0174 on Oct 7, 2026$0.5680 on Sep 30, 2026
Ex-dividend dateOct 1, 2026Sep 29, 2026
Price$11.01$27.38
Beta1.741.39
Max drawdown (5Y)-77.8%-7.4%
Market cap$2.22B$12.9M
ExchangeAMEXCBOE
Expense ratio0.95%0.65%
Assets under management$1.61B$13.0M
Number of holdings54
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

BITO

$186.91/mo

$2243 /yr at 22.43% yield

BITY

$253.80/mo

$3046 /yr at 30.46% yield

Dividend history
Total dividends paid per share in each calendar year. BITO pays monthly; BITY pays monthly.
YearBITOBITY
2025$9.5198—
2024$14.0307—
Strategy: Bitcoin
Funds that give exposure to bitcoin, either by holding it directly in custody or through futures contracts. Spot funds that hold the same coins differ mainly in fee and trading liquidity, while futures funds carry extra roll costs. None of them produce income on their own.

Bitcoin has fallen more than 70% from its peak several times, and price swings of 10% in a day are not unusual.

What BITO vs BITY actually do

BITO
A ProShares fund that tracks bitcoin through CME futures contracts rather than holding any bitcoin itself.

It buys front-month CME bitcoin futures and rolls them forward as each contract nears expiry, holding Treasuries as collateral. When longer-dated contracts trade above nearer ones, a condition called contango that has been common in bitcoin futures, each roll sells low and buys high and drags on return relative to spot bitcoin. Fees are around 0.95% a year on top of that roll cost, and its distributions come from collateral interest and realized futures gains rather than from anything the asset pays.

Suits an account that cannot hold spot bitcoin products directly but can hold a futures-based fund. Since spot bitcoin ETFs became available in 2024 the structural case for the futures wrapper is much narrower, and the combination of roll drag and fee means it should not be expected to keep pace with bitcoin itself.

High volatility, structural tracking drag

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Sep 18, 2026 would now be worth $10,082 in BITO and $9,594 in BITY.
PeriodBITOBITY
1 month0.82%-4.06%
3 months26.70%—
Year to date-9.46%—
1 year-33.11%—
3 years115.46%—
5 years-11.21%—
  • BITO
  • BITY
94101107202610196

Both series indexed to 100 on 2026-09-18 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • BITO
  • BITY
0%17%34%51%67%Financial Services67.3%65.2%Cash & Others32.7%34.8%

Quick verdict

BITY has the edge on these figures, with lower fees, more income today and smaller drawdowns. BITO does not lead on any of the measures compared here. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is BITO or BITY better for dividend income?
It depends on your goals. BITO currently yields 22.43% Trailing Twelve Months (TTM) while BITY yields 30.46%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between BITO and BITY?
ProShares Bitcoin ETF (BITO) is an ETF listed on AMEX. Amplify Bitcoin 2% Monthly Option Income ETF (BITY) is an ETF listed on CBOE. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, BITO or BITY?
BITY has the lower expense ratio. BITO charges 0.95% a year and BITY charges 0.65%, a difference of $30 a year on a $10,000 investment.
Which is riskier, BITO or BITY?
Measured by the worst peak-to-trough decline over the last five years, BITO has been riskier: BITO fell as much as 77.8% and BITY as much as 7.4%. Their betas are 1.74 and 1.39.
How often do BITO and BITY pay dividends?
Both pay monthly. The most recent payments were $0.0174 for BITO and $0.5680 for BITY.
How much income does $10,000 in BITO vs BITY generate?
At current TTM yields, $10,000 in BITO would generate roughly $186.91 per month ($2243 annually). The same amount in BITY would produce about $253.80 per month ($3046 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both BITO and BITY?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare BITO vs BITY with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how BITO and BITY fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.