ProShares Bitcoin Strategy ETF (BITO)

NYSEARCA: BITO · IEX Real-Time Price · USD
12.05
+0.31 (2.64%)
Sep 28, 2022 4:00 PM EDT - Market closed
2.64%
Assets $634.49M
NAV $11.81
Expense Ratio 0.95%
PE Ratio n/a
Shares Out 53.71M
Dividend (ttm) n/a
Dividend Yield n/a
Ex-Dividend Date n/a
1-Year Return -70.52%
Volume 7,850,705
Open 11.79
Previous Close 11.74
Day's Range 11.71 - 12.12
52-Week Low 11.37
52-Week High 44.29
Beta 2.74
Holdings 4
Inception Date Oct 18, 2021

About BITO

The fund adviser seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts. The fund does not invest directly in bitcoin. The fund adviser will generally hold its bitcoin futures contracts during periods in which the value of bitcoin or bitcoin futures are flat or declining as well as during periods in which the value of bitcoin or bitcoin futures is rising. In order to maintain exposure to bitcoin futures contracts, it must sell its futures contracts as they near expiration and replace them with new futures contracts with a later expiration date. It is non-diversified.

Asset Class Currency
Region Global
Issuer ProShares
Stock Exchange NYSEARCA
Ticker Symbol BITO

News

Bitcoin's Use in International Transactions Should Continue Increasing

Bitcoin's use as a medium of exchange is continuously on the move higher with certain countries adopting it as legal tender. The proliferation of its use could also see it take over international transa...

5 days ago - ETF Trends

Hot Inflation Report Opens Up Bitcoin Buying Opportunity

Bitcoin continued to match the moves of the broader stock market as its price faltered amid a hot inflation report that sent the Dow Jones Industrial Average tumbling as much as 1,200 points during Tues...

1 week ago - ETF Trends

Bitcoin ETFs slide sharply in stock-market selloff sparked by stronger-than-expected inflation

Exchange-traded funds focused on bitcoin were sliding sharply around midday Tuesday in a broad stock-market slump sparked by an inflation reading for August that was hotter than forecast. The ProShares ...

Other symbols: BTFXBTF
2 weeks ago - Market Watch

“Dormant Supply Peak” Could Push Bitcoin Prices Higher

The summer rally in stocks and bonds has been fizzling out as recession fears start to permeate through the capital markets. Bitcoin has been following traditional assets as of late and has fallen below...

3 weeks ago - ETF Trends

Recent Bitcoin Weakness Could Provide Seasonal Buying Opportunity

Timing the market is near impossible, especially regarding the volatile crypto markets (particularly this year). However, a seasonal buying opportunity could allow prospective Bitcoin investors to get i...

3 weeks ago - ETF Trends

Simeon Hyman on BITO and the Bitcoin Futures Market

VettaFi writer Elle Caruso recently sat down with Simeon Hyman, global investment strategist at ProShares, to discuss bitcoin futures ETFs and the state of the ProShares Bitcoin Strategy ETF (BITO). The...

1 month ago - ETF Trends

Recent Spike in Short-Term Bitcoin Buyers Could Signal Accumulation Phase

Bitcoin recently touched past the $25,000 mark in a recent rally, but given the way the leading cryptocurrency has been behaving as of late, investors have to wonder whether it's a flash rally or someth...

1 month ago - ETF Trends

Analyst Explains How Bitcoin Could Reach $773,000

After heavy sell-offs to start the first half of 2022, bitcoin's price has been relatively stable, but can it gain momentum to reach $773,000? One analyst thinks that a confluence of factors could prope...

1 month ago - ETF Trends

Senate Proposes Bill to Regulate Spot Markets for Cryptocurrencies

Certain investors rebuke the addition of cryptocurrencies in their portfolios, dismissing digital assets as too great of a risk, especially without regulatory oversight. That could be changing with the ...

1 month ago - ETF Trends

Lower Premiums Underscore Maturation Process for Bitcoin Futures

Detractors of bitcoin-related exchange traded funds (ETFs) like the ProShares Bitcoin ETF (BITO) are quick to label the cost of getting exposure to the leading cryptocurrency as expensive, but an expens...

1 month ago - ETF Trends

Bitcoin Prices Not Immune to Recession Risk

With bitcoin prices following the stock market as of late, it's a reminder that the leading cryptocurrency is not immune to recession risks despite its classification as an alternative asset. In a July ...

2 months ago - ETF Trends

Single-Stock Leveraged ETFs are Here, What Does it Mean for Crypto & Other Investors?

A new breed of ETF debuted on the U.S. markets earlier this month when AXS Investments launched eight funds offering daily leveraged bull and bear bets on the direction of single companies.

Other symbols: BITIBITSGCC
2 months ago - ETF Trends

Bitcoin Rallies, but Miners Are Exiting Their Positions

While leading cryptocurrency bitcoin could be rallying in the interim, miners who are feeling the pain of the first half sell-off are already licking their wounds. In the case of some miners, they're ha...

2 months ago - ETF Trends

Bitcoin Retaining Its Appeal Among Venture Capital Firms

The latest crypto sell-off may have shaved off a considerable number of retail investors, but institutional investors still have curiosity in the long-term potential of the crypto market. Venture capita...

2 months ago - ETF Trends

3 Best Stocks to Invest $500 in Right Now

While markets are still struggling to find footing we should look to deploy smaller risks like these best stocks to invest $500 this year. The post 3 Best Stocks to Invest $500 in Right Now appeared fir...

Other symbols: METASOXL
2 months ago - InvestorPlace

Grayscale Sues Over SEC's Denial For Bitcoin Fund Conversion

Grayscale Investments followed through on its promise to sue the U.S. Securities and Exchange Commission if regulators denied its bids to convert the $13 billion Grayscale Bitcoin Trust into an ETF or a...

2 months ago - ETF Trends

Worst Performing ETFs Of The Year

These funds have fallen most in the first half of 2022.

2 months ago - ETFcom

Rethinking the crypto crash with bitcoin ETFs

(OPTIMIZED VIDEO SPECIFIC DESCRIPTION) » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news a...

Other symbols: BITIBTFXBTF
3 months ago - CNBC Television

Technical Charts Show Bitcoin Poised for Another Rally

After a spate of sell-offs in the first half of 2022, technical analysis may be showing that bitcoin is ready for another rally. Whether it can sustain one this year is anybody's guess, but the leading ...

3 months ago - ETF Trends

Short Bitcoin ETF Debuts At Best—Or Worst—Time

BITI joins BITO within the ProShares' bitcoin futures ETF lineup.

3 months ago - ETFcom

ProShares Launches First U.S. Short Bitcoin-Linked ETF

ProShares has publicly launched the first short bitcoin-linked ETF in the United States. The ProShares Short Bitcoin Strategy ETF (NYSE Arca: BITI) provides a way for investors to potentially profit fro...

3 months ago - ETF Trends

Binance Cofounder Not Worried About Recent Bitcoin Sell-Off

The recent sell-off in Bitcoin, which took it below $21,000 at one point, is certainly spooking the majority of investors — particularly those who are new to digital assets. Some industry players, howev...

3 months ago - ETF Trends

Today in Crypto: Bitcoin ETFs Decline up to 70%; Forum Questions Blockchain's Usefulness

Cryptocurrency exchange-traded funds (ETFs) that track Bitcoin through managed future contracts were trading all-time lows Wednesday (June 15) in the wake of a severe downturn in the crypto market. As S...

Other symbols: BTF
3 months ago - PYMNTS

7 Stocks to Jump on During Any Market Correction

The S&P 500 started the week by dipping into a bear market. Corrections provide opportunities to find stocks to buy.

Other symbols: AMZNCRMDISMETASHOPSQ
3 months ago - InvestorPlace

Study Shows Recent Correlation Between Bitcoin and Stocks Is Temporary

As an asset class, cryptocurrencies can give investors uncorrelated stock market exposure to a nascent potential investment opportunity. At least that was the notion heading into 2022, but cryptocurrenc...

3 months ago - ETF Trends