ETF Comparison
MSTY vs BITO: Which Is the Better Pick in 2026?
A head-to-head comparison of YieldMax MSTR Option Income Strategy ETF and ProShares Bitcoin Strategy ETF covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| MSTY | BITO | |
|---|---|---|
| Full name | YieldMax MSTR Option Income Strategy ETF | ProShares Bitcoin Strategy ETF |
| Issuer | YieldMax | ProShares |
| Price | $20.69 | $9.36 |
| Distribution yield | 299.60% | 94.83% |
| Expense ratio | 1.03% | 0.95% |
| AUM | $1.0B | $1.8B |
| Distribution frequency | Weekly | Monthly |
| Underlying index | Strategy (MSTR) | Bitcoin Futures |
| Objective | Covered Call | Futures-Based |
| Asset class | Equity | Equity |
| Inception date | 07/18/2023 | 10/18/2021 |
| Beta | 0.0 | 0.0 |
| Last dividend | $0.31 | $0.01 |
| Ex-dividend date | 04/02/2026 | 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
MSTY (YieldMax MSTR Option Income Strategy ETF) and BITO (ProShares Bitcoin Strategy ETF) are both popular weekly-pay covered call ETFs, but they take different approaches.
MSTY offers the higher yield at 299.60% vs 94.83% for BITO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
BITO is cheaper with an expense ratio of 0.95% compared to 1.03%.
They track different benchmarks: MSTY is linked to Strategy (MSTR) while BITO tracks Bitcoin Futures, which means their performance drivers differ.
BITO is the larger fund by assets ($1.8B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, MSTY would generate roughly $2,496.67/month while BITO would produce $790.25/month at current distribution rates. Both pay weekly distributions.
Cost & efficiency
Over 10 years on $10,000, MSTY would cost approximately $1,030 in fees vs $950 for BITO (simplified, not compounded). The $80.00 difference may be offset by yield or performance.
Strategy & risk
MSTY tracks Strategy (MSTR) with a covered call approach, while BITO tracks Bitcoin Futures using a futures-based strategy. Beta is 0.0 for MSTY and 0.0 for BITO, indicating BITO is less volatile relative to the market.
Fund details
MSTY is managed by YieldMax (launched 07/18/2023) with $1.0B 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 MSTY or BITO better for dividend income?
It depends on your goals. MSTY 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 MSTY and BITO?
MSTY (YieldMax MSTR Option Income Strategy ETF) tracks Strategy (MSTR) with a covered call strategy, while BITO (ProShares Bitcoin Strategy ETF) tracks Bitcoin Futures with a futures-based approach. They are issued by YieldMax and ProShares respectively.
Can I hold both MSTY 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, MSTY or BITO?
MSTY has an expense ratio of 1.03% 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 MSTY vs BITO generate?
At current yields, $10,000 in MSTY would generate roughly $2,496.67 per month ($29,960.00 annually). The same in BITO would produce about $790.25 per month ($9,483.00 annually).
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