ETF Versus

BITO vs ETHA

ProShares Bitcoin ETF vs iShares Ethereum Trust ETF

Last updated: 2026-04-02

BITO

ProShares Bitcoin ETF (BITO) is an exchange-traded fund that provides exposure to cryptocurrency securities. It charges a high expense ratio of 0.95%. The fund offers a high dividend yield of 84.26%. Launched in 2021, the fund has a 5-year track record.

AUM: $1.7B ER: 0.95% Yield: 84.26% Since: Oct 18, 2021
ETHA

iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund that provides exposure to cryptocurrency securities. It charges a moderate expense ratio of 0.25%. Launched in 2024, the fund has a 2-year track record.

AUM: $6.1B ER: 0.25% Yield: N/A Since: Jul 24, 2024

Quick Verdict

ETHA is significantly cheaper at 0.25% vs 0.95% expense ratio, saving you approximately $1.331 per $10,000 invested over 10 years. Over the past year, ETHA has significantly outperformed with a 11.7% return vs -49.4%.

Key Metrics

Metric BITO ETHA
Expense Ratio 0.95% 0.25%
Dividend Yield 84.3% N/A
Fund Family N/A N/A
Category Cryptocurrency Cryptocurrency

Performance Chart

Indexed to 100 at start (5-year comparison)

20 44 68 92 116 140 2021-10 2022-11 2024-01 2025-02 2026-04
BITO -78.4%
ETHA -38.4%

Performance Comparison

Period BITO ETHA Difference
1 Month -1.78% +5.14% -6.92%
3 Months -24.94% -31.47% +6.53%
6 Months -53.87% -52.83% -1.04%
YTD -24.94% -31.47% +6.53%
1 Year -49.38% +11.68% -61.06%
3 Years -44.15% -38.41% -5.74%
5 Years -78.37% -38.41% -39.96%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period BITO Fees ETHA Fees You Save
$10.000 10 years $1.826 $495 $1.331
$10.000 20 years $7.549 $2.111 $5.438
$10.000 30 years $23.430 $6.758 $16.671
$50.000 10 years $9.128 $2.473 $6.655
$50.000 30 years $117.148 $33.792 $83.356
$100.000 30 years $234.296 $67.584 $166.712

Risk Metrics

Based on 5 years of daily returns

Metric BITO ETHA
Annualized Volatility 57.2% 74.9%
Max Drawdown -79.7% -64.0%
Sharpe Ratio -0.40 -0.07

Dividend Comparison

Metric BITO ETHA
Annual Dividend (per share) $7.89 $0.00
Dividend Yield 84.26% 0.00%
Distribution Frequency Monthly None

Which One Should You Choose?

Choose ETHA if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose ETHA if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Either works if...

you just need broad cryptocurrency exposure. Both are solid options — pick whichever your brokerage offers commission-free.

Related Comparisons

BITO vs FBTC BITO vs IBIT ETHA vs FBTC ETHA vs IBIT