(BITO) ProShares Bitcoin Strategy - Ratings and Ratios
Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US74347G4405 • Digital Assets
BITO: Bitcoin Futures Contracts, Managed Exposure, Non-Diversified
The ProShares Bitcoin Strategy ETF (BITO) is an actively managed fund designed to provide exposure to bitcoin through futures contracts. The funds adviser employs a strategy that involves holding bitcoin futures contracts regardless of whether bitcoins value is rising, falling, or stable. This approach allows the fund to maintain exposure to bitcoins price movements without directly holding the cryptocurrency. The fund is classified as non-diversified, meaning it can invest a significant portion of its assets in a limited number of securities, which may increase its volatility and risk profile. BITO is structured to appeal to investors seeking bitcoin exposure within a traditional ETF framework, avoiding the need for direct custody of the cryptocurrency.
As of the latest data, BITO has an average 20-day volume of 5,930,300 shares, indicating moderate liquidity. The funds last price was 20.72, with key moving averages at SMA 20 (18.81), SMA 50 (18.91), and SMA 200 (17.85). The Average True Range (ATR) of 0.71 suggests relatively low volatility in recent trading sessions. Support levels are identified at 20.6, 15.5, 14.6, 13.7, and 13.0, with a resistance level at 21.5. The funds assets under management (AUM) stand at $2,396.87 million, reflecting strong institutional and retail interest in bitcoin-linked investment vehicles.
Over the next three months, BITOs performance is expected to closely track the price dynamics of bitcoin futures markets. Based on
Month 1: BITO is likely to remain range-bound between 20.6 and 21.5, with potential upside driven by bitcoins price action and macroeconomic catalysts. A breach of 21.5 could lead to a short-term rally toward 22.5. Month 2: If bitcoin futures maintain an upward trajectory, BITO may test resistance at 24.0. Alternatively, a failure to hold above 20.6 could lead to a pullback to 15.5. Month 3: The funds longer-term outlook will depend on bitcoins price trends and broader market sentiment. Support at 13.0 may act as a floor if a significant downturn occurs.
Additional Sources for BITO ETF
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
BITO ETF Overview
| Market Cap in USD | 2,397m |
| Category | Digital Assets |
| TER | 0.95% |
| IPO / Inception | 2021-10-18 |
BITO ETF Ratings
| Growth Rating | 32.9 |
| Fundamental | - |
| Dividend Rating | 86.7 |
| Rel. Strength | 34.2 |
| Analysts | - |
| Fair Price Momentum | 41.21 USD |
| Fair Price DCF | - |
BITO Dividends
| Dividend Yield 12m | 64.52% |
| Yield on Cost 5y | 69.20% |
| Annual Growth 5y | 112.66% |
| Payout Consistency | 100.0% |
BITO Growth Ratios
| Growth Correlation 3m | -50.3% |
| Growth Correlation 12m | 67.3% |
| Growth Correlation 5y | 58.6% |
| CAGR 5y | 5.31% |
| CAGR/Max DD 5y | 0.07 |
| Sharpe Ratio 12m | -0.08 |
| Alpha | 41.60 |
| Beta | 0.561 |
| Volatility | 50.88% |
| Current Volume | 6267k |
| Average Volume 20d | 5930.3k |
As of May 01, 2025, the stock is trading at USD 20.43 with a total of 6,267,032 shares traded.
Over the past week, the price has changed by +0.44%, over one month by +13.76%, over three months by -8.52% and over the past year by +50.10%.
Neither. Based on ValueRay Analyses, ProShares Bitcoin Strategy is currently (May 2025) neither a good nor a bad stock to buy. It has a ValueRay Growth Rating of 32.90 and therefor a technical neutral rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of BITO as of May 2025 is 41.21. This means that BITO is currently undervalued and has a potential upside of +101.71% (Margin of Safety).
ProShares Bitcoin Strategy has no consensus analysts rating.
According to ValueRays Forecast Model, BITO ProShares Bitcoin Strategy will be worth about 46 in May 2026. The stock is currently trading at 20.43. This means that the stock has a potential upside of +124.91%.
| Issuer | Forecast | Upside |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 46 | 124.9% |