(BITO) ProShares Bitcoin Strategy - Ratings and Ratios
Bitcoin Futures, Cash Equivalents, Collateral
Description: BITO ProShares Bitcoin Strategy
The ProShares Bitcoin Strategy ETF (NYSE ARCA:BITO) is an investment vehicle that provides exposure to bitcoin futures contracts, rather than directly investing in bitcoin. This approach allows the fund to capitalize on the price movements of bitcoin without holding the underlying asset. The fund advisers strategy involves maintaining exposure to bitcoin futures contracts across various market conditions, including flat, declining, or rising bitcoin and bitcoin futures values.
As a non-diversified ETF, BITOs performance is closely tied to the price action of bitcoin futures. With an AUM of $2.767 billion, the fund has established itself as a significant player in the digital assets ETF category. Key performance indicators (KPIs) to monitor include the funds ability to track the price movements of bitcoin futures, its expense ratio, and its trading volume. Additionally, investors should be aware of the funds roll yield, which can impact its overall performance due to the continuous rolling of futures contracts.
From a technical analysis perspective, the current price of BITO is near its support levels, with key levels to watch at $20.2, $19.1, $18.5, $17.5, and $16.4. The funds volatility, as measured by its ATR (0.49 = 2.40%), indicates a relatively moderate level of price fluctuation. Investors should also consider the funds trading volume and liquidity when evaluating its potential for investment.
To further evaluate BITOs potential, investors can analyze its correlation with bitcoin prices, as well as its performance relative to other digital assets ETFs. Additionally, monitoring the funds expense ratio and comparing it to its peers can provide insights into its cost-effectiveness. By examining these KPIs and maintaining a nuanced understanding of the funds strategy and market conditions, investors can make more informed decisions about their investment in BITO.
BITO ETF Overview
| Market Cap in USD | 2,780m |
| Category | Digital Assets |
| TER | 0.95% |
| IPO / Inception | 2021-10-18 |
BITO ETF Ratings
| Growth Rating | 57.4% |
| Fundamental | - |
| Dividend Rating | 85.4% |
| Return 12m vs S&P 500 | 47.4% |
| Analyst Rating | - |
BITO Dividends
| Dividend Yield 12m | 58.38% |
| Yield on Cost 5y | 75.93% |
| Annual Growth 5y | 112.64% |
| Payout Consistency | 100.0% |
| Payout Ratio | % |
BITO Growth Ratios
| Growth Correlation 3m | 59.5% |
| Growth Correlation 12m | 78.2% |
| Growth Correlation 5y | 68.3% |
| CAGR 5y | 8.22% |
| CAGR/Max DD 5y | 0.11 |
| Sharpe Ratio 12m | 0.17 |
| Alpha | 62.07 |
| Beta | 0.561 |
| Volatility | 49.93% |
| Current Volume | 17294.9k |
| Average Volume 20d | 10443.4k |
| Stop Loss | 18.9 (-3.3%) |
| Signal | -2.52 |
What is the price of BITO shares?
Over the past week, the price has changed by -7.39%, over one month by -8.41%, over three months by +0.92% and over the past year by +72.45%.
Is ProShares Bitcoin Strategy a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of BITO is around 41.15 USD . This means that BITO is currently undervalued and has a potential upside of +110.59% (Margin of Safety).
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 | 45.7 | 133.9% |
Last update: 2025-08-23 05:01
BITO Fundamental Data Overview
CCE Cash And Equivalents = unknown
Revenue TTM is 0, using Net Income TTM 0.0 + Cost of Revenue 0.0 = 0.0 USD
Beta = 0.0
Revenue TTM = 0.0 USD
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 = 2.78b USD (2.78b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = none (FCF TTM 0.0 / Enterprise Value 2.78b)
FCF Margin = unknown (Revenue TTM is 0)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 2.78b / Book Value Of Equity 0.0)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default)
NOPAT = 0.0 (EBIT 0.0, no tax applied on loss)
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 = none (Debt none / FCF TTM 0.0)
Total Stockholder Equity = unknown
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity none)
RoCE = unknown (Ebit 0.0 / (Equity none + L.T.Debt none))
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, Ebit 0.0)
WACC = unknown (E(2.78b)/V(0.0) * Re(8.08%)) + (D(none)/V(0.0) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 8.08% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for BITO ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle