BITI — ProShares Short Bitcoin ETF
ProShares Short Bitcoin ETF (ticker: BITI) is a Cryptocurrency ETF issued by Proshare Advisors LLC tracking Bloomberg Bitcoin Index - Benchmark Price Return (--100%). It was launched on 2022-06-21.
About BITI
BITI is an exchange-traded fund designed to provide inverse exposure to Bitcoin. The fund achieves its objective by investing in Bitcoin futures contracts, aiming to profit from declines in the cryptocurrency's price. It tracks the Bloomberg Bitcoin Index - Benchmark Price Return (--100%). This ETF would be considered by investors seeking to hedge existing long Bitcoin positions or speculate on a downward movement in Bitcoin's value. It provides a means to gain short Bitcoin exposure through a traditional brokerage account.
- Provides inverse exposure to Bitcoin.
- Invests in Bitcoin futures contracts.
- Tracks the Bloomberg Bitcoin Index - Benchmark Price Return (--100%).
- Expense ratio of 1.03%.
- Total holdings count is 3.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | -1.62% |
| 1 Week | -2.89% |
| 1 Month | -7.36% |
| 3 Months | 4.50% |
| 6 Months | 13.76% |
| YTD | 10.27% |
| 1 Year | 35.88% |
| 3 Years | -71.57% |
| 5 Years | — |
| 10 Years | — |
| Since Inception | — |
Top Holdings
| # | Security | Symbol | Weight |
|---|---|---|---|
| 1 | NET OTHER ASSETS (LIABILITIES) | N/A | — |
| 2 | TREASURY BILL | N/A | — |
| 3 | CME BITCOIN FUT NON-EQUITY INDEX 30/AUG/2024 BTCQ4 CURNCY | N/A | — |
| 4 | NET OTHER ASSETS (LIABILITIES) | N/A | — |
| 5 | TREASURY BILL | N/A | — |
| 6 | CME BITCOIN FUT DIGITAL ASSETS 27/SEP/2024 BTCU4 CURNCY | N/A | — |
| 7 | NET OTHER ASSETS (LIABILITIES) | N/A | — |
| 8 | TREASURY BILL | N/A | — |
| 9 | CME BITCOIN FUT DIGITAL ASSETS 27/SEP/2024 BTCU4 CURNCY | N/A | — |
| 10 | CME BITCOIN FUT NON-EQUITY INDEX 30/AUG/2024 BTCQ4 CURNCY | N/A | — |
Fund Profile
| Issuer | Proshare Advisors LLC |
|---|---|
| Brand | ProShares |
| Asset Class | Cryptocurrency |
| Strategy | Vanilla |
| Structure | ETF |
| Category | Leveraged Currency |
| Segment | Currency: Long USD, Short BTC |
| Region | Global |
| Index Tracked | Bloomberg Bitcoin Index - Benchmark Price Return (--100%) |
| Inception Date | 2022-06-21 |
| Tax on Distributions | No distributions |
Quick Facts
| Ticker | BITI |
|---|---|
| Full Name | ProShares Short Bitcoin ETF |
| Issuer | Proshare Advisors LLC |
| Asset Class | Cryptocurrency |
| Expense Ratio | 0.01% |
| AUM | $127.37M |
| Inception | 2022-06-21 |
| Index Tracked | Bloomberg Bitcoin Index - Benchmark Price Return (--100%) |
Frequently Asked Questions
What does BITI track?
BITI (ProShares Short Bitcoin ETF) tracks Bloomberg Bitcoin Index - Benchmark Price Return (--100%), a cryptocurrency benchmark.
What is the expense ratio of BITI?
BITI has an expense ratio of 0.01% per year.
What is the AUM of BITI?
BITI has approximately $127.37M in assets under management.
Does BITI pay a dividend?
BITI distributes income according to its prospectus (No distributions tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues BITI?
BITI is issued by Proshare Advisors LLC under the ProShares brand, launched on 2022-06-21.
Open the interactive BITI dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.