(BITO) ProShares Bitcoin Strategy - Overview
Etf: Bitcoin Futures, Managed Exposure, Non-Diversified
Dividends
| Dividend Yield | 52.59% |
| Yield on Cost 5y | 76.45% |
| Yield CAGR 5y | 75.16% |
| Payout Consistency | 91.1% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 54.1% |
| Relative Tail Risk | -4.81% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.70 |
| Alpha | -46.33 |
| Character TTM | |
|---|---|
| Beta | 0.932 |
| Beta Downside | 0.611 |
| Drawdowns 3y | |
|---|---|
| Max DD | 42.38% |
| CAGR/Max DD | 0.91 |
Description: BITO ProShares Bitcoin Strategy January 12, 2026
The ProShares Bitcoin Strategy ETF (NYSE ARCA: BITO) seeks to meet its objective by holding managed exposure to Bitcoin futures contracts rather than the cryptocurrency itself. The adviser maintains these futures positions through both flat and declining Bitcoin price environments, as well as during upward moves, making the fund non-diversified and fully dependent on the futures market dynamics.
Key data points to note: (1) As of the latest filing, BITO manages roughly $1.2 billion in assets, positioning it as the largest U.S. Bitcoin-futures ETF; (2) its average daily trading volume exceeds 5 million shares, indicating strong liquidity for institutional and retail participants; (3) the fund’s performance is heavily influenced by the CME Bitcoin futures term structure and by macro-level risk sentiment, especially U.S. monetary policy shifts that affect risk-on assets.
For a deeper dive into the fund’s risk profile and performance metrics, you might explore ValueRay’s analytical tools.
What is the price of BITO shares?
Over the past week, the price has changed by -17.68%, over one month by -22.39%, over three months by -27.75% and over the past year by -29.24%.
Is BITO a buy, sell or hold?
What are the forecasts/targets for the BITO price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 26.2 | 158.3% |
BITO Fundamental Data Overview February 05, 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 = 2.41b USD (2.41b + (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 2.41b)
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 2.41b / 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 = 9.35% (E(2.41b)/V(2.41b) * Re(9.35%) + (debt-free company))
Discount Rate = 9.35% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)