ETF Comparison
IBIT vs BITO: Which Is the Better Pick in 2026?
A head-to-head comparison of iShares Bitcoin Trust ETF and ProShares Bitcoin Strategy ETF covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| IBIT | BITO | |
|---|---|---|
| Full name | iShares Bitcoin Trust ETF | ProShares Bitcoin Strategy ETF |
| Issuer | BlackRock | ProShares |
| Price | $38.64 | $9.36 |
| Distribution yield | 0.00% | 94.83% |
| Expense ratio | 0.25% | 0.95% |
| AUM | $50.1B | $1.8B |
| Distribution frequency | None | Monthly |
| Underlying index | Bitcoin | Bitcoin Futures |
| Objective | Provide exposure to bitcoin price performance through a physically backed trust structure. | Futures-Based |
| Asset class | Equity | Equity |
| Inception date | 01/11/2024 | 10/18/2021 |
| Beta | 0.0 | 0.0 |
| Last dividend | — | $0.01 |
| Ex-dividend date | — | 04/01/2026 |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
IBIT (iShares Bitcoin Trust ETF) and BITO (ProShares Bitcoin Strategy ETF) are both popular none-pay provide exposure to bitcoin price performance through a physically backed trust structure. ETFs, but they take different approaches.
BITO offers the higher yield at 94.83% vs 0.00% for IBIT. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
IBIT is cheaper with an expense ratio of 0.25% compared to 0.95%.
They track different benchmarks: IBIT is linked to Bitcoin while BITO tracks Bitcoin Futures, which means their performance drivers differ.
IBIT is the larger fund by assets ($50.1B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, IBIT would generate roughly $0.00/month while BITO would produce $790.25/month at current distribution rates. Both pay none distributions.
Cost & efficiency
Over 10 years on $10,000, IBIT would cost approximately $250 in fees vs $950 for BITO (simplified, not compounded). The $700.00 difference may be offset by yield or performance.
Strategy & risk
IBIT tracks Bitcoin with a provide exposure to bitcoin price performance through a physically backed trust structure. approach, while BITO tracks Bitcoin Futures using a futures-based strategy. Beta is 0.0 for IBIT and 0.0 for BITO, indicating BITO is less volatile relative to the market.
Fund details
IBIT is managed by BlackRock (launched 01/11/2024) with $50.1B in assets. BITO is managed by ProShares (launched 10/18/2021) with $1.8B in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is IBIT or BITO better for dividend income?
It depends on your goals. BITO 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 IBIT and BITO?
IBIT (iShares Bitcoin Trust ETF) tracks Bitcoin with a provide exposure to bitcoin price performance through a physically backed trust structure. strategy, while BITO (ProShares Bitcoin Strategy ETF) tracks Bitcoin Futures with a futures-based approach. They are issued by BlackRock and ProShares respectively.
Can I hold both IBIT and BITO?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, IBIT or BITO?
IBIT has an expense ratio of 0.25% while BITO charges 0.95%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in IBIT vs BITO generate?
At current yields, $10,000 in IBIT would generate roughly $0.00 per month ($0.00 annually). The same in BITO would produce about $790.25 per month ($9,483.00 annually).
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