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
The ProShares Short Bitcoin ETF (BITI) is an exchange-traded fund designed to provide inverse exposure to the performance of Bitcoin. It aims to achieve this objective by tracking the Bloomberg Bitcoin Index - Benchmark Price Return (--100%).
Investors might consider BITI to potentially profit from a decline in Bitcoin's price or to hedge existing Bitcoin exposure. The fund holds 3 positions, including CME Bitcoin Futures.
- Tracks the Bloomberg Bitcoin Index - Benchmark Price Return (--100%) providing inverse exposure to Bitcoin.
- Categorized as a Leveraged Currency ETF with a strategy focused on shorting BTC.
- Has an inception date of June 21, 2022, and an expense ratio of 1.03%.
- Total assets under management are $207M, with an average daily volume of 1,488,831.35 shares.
- The fund's portfolio consists of 3 holdings, including CME Bitcoin Futures.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | 2.69% |
| 1 Week | 12.91% |
| 1 Month | 18.23% |
| 3 Months | -1.75% |
| 6 Months | 20.23% |
| YTD | 13.64% |
| 1 Year | 33.02% |
| 3 Years | -73.88% |
| 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 | $207.13M |
| 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 $207.13M 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.