(BITO) ProShares Bitcoin Strategy - NYSE
ETF Category: Digital Assets | Exchange: NYSE (USA) | Market Cap: 1.436m USD | Total Return: -41.1% in 12m
Avg Turnover: 1.91B
Warnings
No concerns identified
Tailwinds
No distinct edge detected
ProShares Bitcoin Strategy ETF (BITO) provides managed exposure to bitcoin by investing in futures contracts rather than holding the underlying digital asset directly. This non-diversified fund maintains its positions across all market conditions, including periods of price depreciation or stagnation. Bitcoin futures are standardized, cash-settled contracts traded on regulated exchanges like the CME, allowing institutional and retail investors to gain price exposure within a traditional brokerage framework.
The digital asset ETF sector functions by utilizing derivatives to track the performance of volatile cryptocurrencies while avoiding the technical complexities of private key management and digital wallets. For a deeper look into the funds historical performance and risk metrics, consult ValueRay. This product was the first U.S. bitcoin-linked ETF to launch, debuting on the NYSE in October 2021.
- Bitcoin spot price volatility drives underlying futures contract valuations
- Roll costs and contango erode long-term fund performance relative to spot
- Competition from spot Bitcoin ETFs impacts fund inflows and liquidity
- CME Group Bitcoin futures open interest and trading volume trends
As of June 19, 2026, the stock is trading at USD 8.56 with a total of 322,323,369 shares traded.
Over the past week, the price has changed by +3.56%,
over one month by -16.66%,
over three months by -14.61% and
over the past year by -41.14%.
ProShares Bitcoin Strategy has no consensus analysts rating.