A head-to-head comparison of ProShares Bitcoin Strategy ETF and Amplify Bitcoin 24% Premium Income ETF covering yield, cost, risk, and income potential.
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 thematic and specialized investment solutions across 22 funds, ranging from digital assets and commodities to dividend and income-focused strategies. Their lineup emphasizes yield generation and alternative themes, with notable funds including DIVO (Amplify Dividend Rotation Fund), HACK (Amplify Cybersecurity ETF), and SWAN (Amplify BlackSwan Growth ETF), alongside crypto-related funds like BITY and SOLM. The issuer distinguishes itself through niche sector exposure and their proprietary YieldSmart technology platform designed to optimize income strategies.
See our curated list of related YouTube videos on BITY.
Seeks to provide monthly income with Bitcoin exposure through a premium income strategy targeting approximately 24% annual distribution while maintaining potential for capital appreciation.
Asset class
Equity
Equity
Inception date
10/18/2021
09/23/2024
Beta
1.8778
1.7893
Last dividend
$0.0104
$0.4930
Ex-dividend date
07/01/2026
06/29/2026
Bottom lineChoose BITO if you want straightforward Bitcoin exposure for the long run. Choose BITY if you want to maximize current income — roughly 23.01%, generated by selling options premium. There's no free lunch: BITY's payout comes from selling options, which caps upside and can erode the share price over time, while BITO keeps full price exposure.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
BITO has lagged BITY over the trailing twelve months, posting a -45.07% total return against -44.23%. Measured from Apr 2025 — when the younger fund began trading — BITY has compounded at -28.49% a year versus -31.43% for BITO. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 10, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Apr 2025” measures every fund from April 29, 2025 — the youngest fund's first trading day — 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.
Quick verdict
BITO (ProShares Bitcoin Strategy ETF) and BITY (Amplify Bitcoin 24% Premium Income ETF) are both monthly-pay dividend ETFs, but they take different approaches.
BITY offers the higher yield at 23.01% vs 1.44% 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 track different benchmarks: BITO is linked to Bitcoin Futures while BITY tracks Bitcoin, which means their performance drivers differ.
BITO is the larger fund by assets ($1.44B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, BITO would generate roughly $12.00/month, while BITY would produce $191.75/month, at current distribution rates. Both pay monthly distributions.
BITO yield1.44%
BITY yield23.01%
Monthly diff on $10K$179.75
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 futures-based approach, while BITY tracks Bitcoin with a covered call approach. Beta is 1.8778 for BITO and 1.7893 for BITY, indicating BITY is less volatile relative to the market.
BITO beta1.8778
BITY beta1.7893
Fund details
BITO is managed by ProShares (launched 10/18/2021) with $1.44B in assets. BITY is managed by Amplify ETFs (launched 09/23/2024) with $12.7M in assets.
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Frequently asked questions
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 futures-based approach, while BITY (Amplify Bitcoin 24% Premium 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.
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 $12.00 per month ($144.00 annually). The same in BITY would produce about $191.75 per month ($2,301.00 annually).
Which has performed better historically, BITO or BITY?
BITO has lagged BITY over the trailing twelve months, posting a -45.07% total return against -44.23%. Measured from Apr 2025 — when the younger fund began trading — BITY has compounded at -28.49% a year versus -31.43% for BITO. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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