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ETF Comparison

BITO vs TKNZ: Which Is the Better Pick in 2026?

A head-to-head comparison of ProShares Bitcoin Strategy ETF and T. Rowe Price Active Crypto ETF covering yield, cost, risk, and income potential.

Data updated July 23, 2026

ETFs165
Total AUM$120B

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.

ETFs33
Total AUM$30.1B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

T. Rowe Price is a prominent asset manager recognized for its research-driven approach to ETF investing across multiple asset classes. The firm's 20-fund ETF lineup spans bond, dividend, and equity strategies, offering investors options for income generation, growth, and diversified exposure across market segments. Notable offerings include dividend-focused funds and fixed-income ETFs with tickers such as TAGG, TCAF, and TCHP, positioning the issuer as a broad-based provider serving both income-seeking and growth-oriented investors.

See our curated list of related YouTube videos on TKNZ.

Side-by-side snapshot

BITOTKNZ
Full nameProShares Bitcoin Strategy ETFT. Rowe Price Active Crypto ETF
IssuerProSharesT. Rowe Price
Last Close$8.77 as of July 23, 2026$24.38 as of July 23, 2026
Distribution yield1.42%
Distribution Safety Score™ 37
Expense ratio0.95%0.75%
AUM$1.45B
Distribution frequencyMonthly
Underlying indexBitcoin Futures
ObjectiveFutures-Based
Asset classEquityCrypto
Inception date10/18/202107/16/2026
Beta1.8778
Last dividend$0.0104
Ex-dividend date07/01/2026

— Distribution yield, last dividend, and ex-dividend date are not yet available because TKNZ launched July 2026; these fields will populate after the first distribution.

Bottom lineChoose BITO if you want higher current income (1.42% while TKNZ makes no distribution). Choose TKNZ if you want straightforward crypto exposure for the long run.

Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

SymbolYTDSince Jul 2026
BITO-29.16%0.57%
TKNZ-1.09%-1.09%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 23, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jul 2026” measures every fund from July 16, 2026 — the youngest fund's first trading day — so all funds share one comparison window.

Quick verdict

BITO (ProShares Bitcoin Strategy ETF) and TKNZ (T. Rowe Price Active Crypto ETF) are both ETFs, but they take different approaches.

BITO currently shows a 1.42% distribution yield. TKNZ has not yet established a full distribution history, so a comparable yield figure is not available.

TKNZ is cheaper with an expense ratio of 0.75% compared to 0.95%.

Who should choose each?

Choose BITO

ProShares Bitcoin Strategy ETF

  • Want higher current income — BITO yields 1.42% while TKNZ makes no distribution.
  • Want straightforward Bitcoin exposure for long-term appreciation, not income.
  • Prefer an established track record — TKNZ only launched July 2026.

Choose TKNZ

T. Rowe Price Active Crypto ETF

  • Want straightforward crypto exposure for long-term appreciation, not income.
  • Want to keep costs low — a 0.75% expense ratio vs 0.95% for BITO.

Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.

Deep dive

Yield & income

On a $10,000 investment, BITO would generate roughly $11.83/month, while TKNZ has no reported distribution yield yet, so a monthly income estimate is not available, at current distribution rates.

BITO yield1.42%
TKNZ yield

Cost & efficiency

Over 10 years on $10,000, BITO would cost approximately $950 in fees vs $750 for TKNZ (simplified, not compounded). The $200.00 difference may be offset by yield or performance.

BITO ER0.95%
TKNZ ER0.75%

Strategy & risk

BITO tracks Bitcoin Futures with a futures-based approach, while TKNZ is an ETF.

BITO beta1.8778
TKNZ beta

Fund details

BITO is managed by ProShares (launched 10/18/2021) with $1.45B in assets. TKNZ is managed by T. Rowe Price (launched 07/16/2026).

BITO AUM$1.45B

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Frequently asked questions

Which of BITO or TKNZ pays more dividend income?

BITO currently reports a distribution yield, while TKNZ has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.

What is the difference between BITO and TKNZ?

BITO (ProShares Bitcoin Strategy ETF) tracks Bitcoin Futures with a futures-based approach, while TKNZ (T. Rowe Price Active Crypto ETF) is an ETF. They are issued by ProShares and T. Rowe Price respectively.

Can I hold both BITO and TKNZ?

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 TKNZ?

BITO has an expense ratio of 0.95% while TKNZ charges 0.75%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in BITO vs TKNZ generate?

At current rates, $10,000 in BITO would generate roughly $11.83 per month ($142.00 annually). TKNZ has not established a distribution history yet, so a monthly income estimate is not available.

More comparisons to explore

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The metrics behind this comparison, explained in the Academy.

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