(BITI) ProShares Trust - ProShares - Overview
Etf: Short Bitcoin, Futures, Inverse, Daily Reset, USD
Dividends
| Dividend Yield | 2.98% |
| Yield on Cost 5y | 0.36% |
| Yield CAGR 5y | 142.55% |
| Payout Consistency | 65.7% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 54.2% |
| Relative Tail Risk | 3.64% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.57 |
| Alpha | 28.28 |
| Character TTM | |
|---|---|
| Beta | -0.926 |
| Beta Downside | -0.627 |
| Drawdowns 3y | |
|---|---|
| Max DD | 88.83% |
| CAGR/Max DD | -0.47 |
Description: BITI ProShares Trust - ProShares December 22, 2025
The ProShares Short Bitcoin Strategy ETF (NYSE ARCA: BITI) is a U.S.-based, non-diversified ETF that seeks daily inverse exposure to Bitcoin by investing in financial instruments-primarily Bitcoin futures contracts-designed to generate returns opposite to the price movement of Bitcoin on a single-day basis.
Key operational metrics as of the latest filing: the fund carries an expense ratio of 0.95%, its average daily trading volume hovers around $12 million, and its 30-day rolling beta versus spot Bitcoin is approximately –0.98, confirming near-perfect inverse correlation on a daily horizon. The primary drivers of BITI’s performance are (1) Bitcoin’s spot price volatility, (2) the term structure of CME Bitcoin futures (contango vs. backwardation), and (3) macro-level risk sentiment, especially regulatory announcements that can cause abrupt price swings in the crypto market.
If you want a data-driven, risk-adjusted breakdown of BITI’s historical behavior, consider reviewing the analytics available on ValueRay.
What is the price of BITI shares?
Over the past week, the price has changed by +16.10%, over one month by +22.00%, over three months by +34.54% and over the past year by +21.19%.
Is BITI a buy, sell or hold?
What are the forecasts/targets for the BITI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 21.2 | -17.9% |
BITI Fundamental Data Overview January 29, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 105.9m USD (105.9m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 105.9m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 105.9m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 2.50% (E(105.9m)/V(105.9m) * Re(2.50%) + (debt-free company))
Discount Rate = 2.50% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)