Bitcoin-Linked
Fund Highlight

BITO

Bitcoin Strategy ETF

 

An ETF for Seeking
Bitcoin Returns

BITO invests in bitcoin futures and does not invest in bitcoin. There is no guarantee the fund will closely track bitcoin returns.

Quick Links

World's Largest Bitcoin-linked ETF

Since launch, BITO has closely tracked the performance of spot bitcoin — with the benefits of an ETF.

Accessible

Buy and sell with a ticker

Familiar

No need for a crypto account or wallet

Regulated

Fund and its holdings trade on regulated exchanges

Custodied

Fund assets custodied by JPMorgan

“

Navigating the ups and downs of today's crypto market has only reinforced the benefits of obtaining exposure through a convenient, liquid, and transparent ETF.

Michael L. Sapir, ProShares CEO

ProShares — the global leader in crypto-linked ETFs

BITO can help strengthen your portfolio by providing an opportunity to:
1

Generate growth

2

Diversify investments

3

Hedge against inflation

Research & Insights

View Featured Fund

ETF Trends features BITO in Q&A with Simeon Hyman

ProShares’ Simeon Hyman joins ETF Trends’ Lara Crigger to discuss the ProShares Bitcoin ETF (BITO), dispel any myths or misconceptions about the bitcoin futures market, and provide an update on the fund.
Read More
BITO: One-Year Update

BITO, the first bitcoin-linked ETF in the United States, has demonstrated its ability to closely track spot bitcoin, despite an extremely volatile period for stocks, bonds, and digital assets during its first year since inception.

Read the article
What’s Happening in Bitcoin Futures: Shrinking Roll Costs Demonstrate Maturing Market

The market for bitcoin futures has matured over the past 4+ years, and one sign of this may be seen in the modest and downtrending futures premiums, year-to-date.

Read the article
The Dividend Growth Advantage: Resilience for Today's Markets

The United States and countries around the world are in various stages of reopening, but financial markets are still wary and dividend cuts in the U.S. equity market have continued. We have also seen a continued pattern of significant dividend resilience based on quality.

Read the article

*For recent fund performace please refer to the fund page.

Bitcoin Strategy ETF (BITO) is the first and largest U.S. bitcoin-linked ETF according to Bloomberg and based on assets under management as of 12/31/22.

The performance quoted represents past performance and does not guarantee future results.

There is no guarantee this ProShares ETF will achieve its investment objective. This ETF may not be suitable for all investors.

Investing involves risk, including the possible loss of principal. Bitcoin and bitcoin futures are a relatively new asset class and the market for bitcoin is subject to rapid changes and uncertainty. Bitcoin and bitcoin futures are subject to unique and substantial risks, including significant price volatility and lack of liquidity. The value of an investment in the ETF could decline significantly and without warning, including to zero. You should be prepared to lose your entire investment.

This ETF is actively managed and invests in bitcoin futures contracts. The ETF does not invest directly in or hold bitcoin. The price and performance of bitcoin futures should be expected to differ from the current “spot” price of bitcoin. These differences could be significant. Bitcoin futures are subject to margin requirements, collateral requirements and other limits that may prevent the ETF from achieving its objective. Margin requirements for futures and costs associated with rolling (buying and selling) futures may have a negative impact on the fund's performance and its ability to achieve its investment objective.

Bitcoin is largely unregulated and bitcoin investments may be more susceptible to fraud and manipulation than more regulated investments. Bitcoin and bitcoin futures are subject to rapid price swings, including as a result of actions and statements by influencers and the media, changes in the supply of and demand for bitcoin and bitcoin futures contracts, and other factors.

This ETF is non-diversified and concentrates its investments. Non-diversified and narrowly focused investments typically exhibit higher volatility.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in the ETF’s summary and full prospectuses. Read them carefully before investing.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

“Spot” price refers to the price of bitcoin that can be purchased immediately.

ProShares ETFs (ProShares Trust and ProShares Trust II) are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.

Your use of this site signifies that you accept our Terms and Conditions of Use.