A head-to-head comparison of ProShares Bitcoin Strategy ETF and Amplify Bitcoin 2% Monthly Option Income ETF covering yield, cost, risk, and income potential.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
BITO has outpaced BITY over the trailing twelve months, posting a -35.30% total return against -39.05%. Measured from Apr 2025 — the start of shared available history — BITO has compounded at -13.80% a year versus -17.06% for BITY. Figures are total returns: price change plus every distribution reinvested.
Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of October 8, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Apr 2025” measures every fund from April 29, 2025 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Distribution rate and SEC yield
Metric
BITO
BITY
Forward distribution rate
1.91%
25.17%
Trailing 12-month yield
22.59%
30.82%
30-day SEC yield
0.31%
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Total return (price change plus reinvested distributions) is the Total returns section above. A 30-day SEC yield can sit far from the headline distribution rate; both numbers are the fund's own published fields.
Seeks total return through managed exposure to bitcoin futures contracts rather than direct bitcoin holdings, maintaining that futures position through rising, flat and declining markets.
Seeks to provide monthly income with Bitcoin exposure through a premium income strategy targeting approximately 24% annual distribution while maintaining potential for capital appreciation.
Bottom lineChoose BITO if you want straightforward Bitcoin exposure for the long run. Choose BITY if you want to maximize current income — roughly 25.17%, generated by selling options premium. BITO and BITY both use option or derivative overlays. Their tradeoff is the underlying exposure, how each option strategy is implemented, and the yield each targets; either overlay can limit upside participation, so neither offers uncapped price exposure.
How the risk works
Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.
Crypto volatility. BITO and BITY sit on top of crypto-asset prices, which routinely swing far more than equities. A single drawdown can exceed a year of distributions, so income projections deserve extra skepticism here.
Capped upside and premium dependence. BITY generates income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
ProShares is known for offering leveraged and inverse ETFs that provide amplified exposure to market movements, along with thematic and income-focused strategies. Their fund lineup spans digital assets (including Bitcoin and Ethereum exposure through BITO and EETH), dividend strategies like the Dividend Aristocrats fund (NOBL), covered call income strategies, and leveraged/inverse products that track major indices with 2x or 3x daily multipliers (such as SSO and TQQQ for tech-heavy portfolios). With 23 ETFs across specialized families including leveraged products, money market funds, and sector-specific offerings, ProShares serves investors seeking both traditional income and alternative exposure strategies.
See our curated list of related YouTube videos on BITO.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Amplify ETFs is known for offering specialized, thematic investment solutions across diverse market segments including digital assets, commodities, and dividend strategies. The issuer's lineup spans multiple fund families covering income-focused strategies, covered call approaches, commodity exposure, and thematic sectors such as cybersecurity, blockchain, gaming, and sustainable investing. Notable for tickers like BLOK (blockchain), HACK (cybersecurity), and DIVO (dividend), Amplify combines traditional income strategies with alternative themes and emerging asset classes, appealing to investors seeking both yield and exposure to innovation-driven sectors.
See our curated list of related YouTube videos on BITY.
BITO (ProShares Bitcoin Strategy ETF) and BITY (Amplify Bitcoin 2% Monthly Option Income ETF) are both monthly-pay dividend ETFs, but they take different approaches.
BITY offers the higher yield at 25.17% vs 1.91% for BITO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
BITY is cheaper with an expense ratio of 0.65% compared to 0.95%.
They have different reference exposures: BITO is linked to Bitcoin Futures while BITY is linked to Bitcoin, which means their performance drivers differ.
BITO is the larger fund by assets ($1.71B), but assets alone do not establish trading costs or liquidity.
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On a $10,000 investment, BITO would generate roughly $15.92 cash per distribution, while BITY would produce $209.75 cash per distribution, at current distribution rates. Both pay monthly distributions.
BITO yield1.91%
BITY yield25.17%
Cash diff on $10K$193.83
Cost & efficiency
Over 10 years on $10,000, BITO would cost approximately $950 in fees vs $650 for BITY (simplified, not compounded). The $300.00 difference may be offset by yield or performance.
BITO ER0.95%
BITY ER0.65%
Strategy & risk
BITO tracks Bitcoin Futures with a crypto approach, while BITY tracks Bitcoin with a covered call approach. Beta is 1.8778 for BITO and 1.7893 for BITY, making BITY the less volatile of the two by this measure.
BITO beta1.8778
BITY beta1.7893
Fund details
BITO is managed by ProShares (launched 10/18/2021) with $1.71B in assets. BITY is managed by Amplify ETFs (launched 04/29/2025) with $13.4M in assets.
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Frequently asked questions
What is the current distribution rate for BITO and BITY?
BITO currently distributes 1.91% and BITY 25.17%, based on fund data updated October 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.
Is BITO or BITY better for dividend income?
It depends on your goals. BITY currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between BITO and BITY?
BITO (ProShares Bitcoin Strategy ETF) tracks Bitcoin Futures with a crypto approach, while BITY (Amplify Bitcoin 2% Monthly Option Income ETF) tracks Bitcoin with a covered call approach. They are issued by ProShares and Amplify ETFs respectively.
Can I hold both BITO and BITY?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Is BITO or BITY safer?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — BITY scores 41, BITO scores 38, so BITY's payout currently looks the more resilient of the two. No score makes an investment risk-free — treat this as a screening signal, not a guarantee, and the leverage, options-income, or crypto caveats flagged on this page apply regardless of score.
Which has lower fees, BITO or BITY?
BITO has an expense ratio of 0.95% while BITY charges 0.65%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in BITO vs BITY generate?
At current rates, $10,000 in BITO would generate roughly $15.92 cash per distribution ($191.00 annually). The same in BITY would produce about $209.75 cash per distribution ($2,517.00 annually).
Which has performed better historically, BITO or BITY?
BITO has outpaced BITY over the trailing twelve months, posting a -35.30% total return against -39.05%. Measured from Apr 2025 — the start of shared available history — BITO has compounded at -13.80% a year versus -17.06% for BITY. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
The key distinction is that BITO is a futures-based tracker seeking total return, whereas BITY is an options-income strategy designed to harvest volatility while capping upside. BITY owns bitcoin directly and sells near-the-money call options each month, capturing option premium as its primary income source—a strategy that sacrifices participation in sharp price rallies to lock in high monthly cash flow.
The yield gap is dramatic: 25.17% for BITY versus 1.91% for BITO. That 23.26% percentage-point difference reflects BITY's options overlay, which generates premium income but also caps capital appreciation when bitcoin rallies hard. BITY also launched much more recently (04/29/2025) versus BITO (10/18/2021), so its expense ratio of 0.65% has not yet been tested across a full market cycle. BITO's 0.95% reflects a more mature operational structure. Appeals to those who want regulated derivative access and don't need to cap upside for income.
BITY: Designed for income-focused investors comfortable with covered-call mechanics and willing to sacrifice upside capture in exchange for a high and predictable monthly payout. Suits those who view bitcoin as a long-term holding and prefer harvesting volatility premium over growth. This risk intensifies if bitcoin consolidates for extended periods.
Options assignment and cap on gains.BITY's short-call strategy will lock in losses of capital appreciation when bitcoin rallies sharply above strike prices, forcing shareholders to forgo outsized moves. Repeated month-to-month caps can compound to meaningfully lower total returns in a sustained bull market. This effect can erode returns relative to spot bitcoin during certain periods, independent of price direction.
Concentration and volatility. Both funds expose investors entirely to bitcoin, with betas above 1.7, meaning they amplify cryptocurrency market swings beyond the underlying asset's moves. A sustained bitcoin downturn will drive sharper losses in both vehicles. If you want high monthly income and are comfortable sacrificing gains above preset strike prices, BITY's options strategy delivers that tradeoff—but monitor whether its extreme distribution rate erodes NAV over time. Past performance of bitcoin futures and options strategies does not predict future results.
AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.
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The metrics behind this comparison, explained in the Academy.
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