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BITX vs ICOI

2x Bitcoin Strategy ETF vs Bitwise COIN Option Income Strategy ETF

BITX

2x Bitcoin Strategy ETF

Volatility Shares Trust

Annual cost

2.38%

Fund size

$1.2B

ICOI

Bitwise COIN Option Income Strategy ETF

Bitwise Investments

Annual cost

0.96%

Fund size

$24M

Key differences

  • ICOI costs 1.42% less per year.
  • BITX is significantly larger than ICOI — larger funds tend to be more liquid and less likely to close.
  • BITX is classified as cryptocurrency, while ICOI is alternative — different risk/return profiles.
  • BITX follows a leveraged strategy; ICOI uses option income.

Side-by-side comparison

BITXICOI
Annual cost (TER)2.38%0.96%
Fund size (AUM)$1.2B$24M
Since20232025
Dividend yield26.48%364.28%
Asset classcryptocurrencyalternative
Regionnorth america
Strategyleveragedoption income
CAGR 1Y-66.4%-40.3%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y85.91%48.84%
Max drawdown-77.88%-58.10%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to BITX and ICOI