Fund Highlight


Ultra Bitcoin ETF

Targets 2x daily bitcoin returns

This fund does not directly invest in bitcoin. There is no guarantee the fund will achieve its daily performance targets.

Double down on your bullish view of bitcoin*

with the benefits of an ETF:


Buy and sell
with a ticker in a traditional brokerage account


Avoid the hassle of getting leveraged exposure through a margin account


Avoid significant costs and fees typically required to get leveraged bitcoin exposure

*This fund can magnify gains as well as losses

Research & Insights

Bitcoin’s Next Halving 2024: Market Impact and What to Expect

The halving, which took place on April 19, 2024, slashed mining rewards from 6.25 to 3.125 bitcoins. The fourth such occurrence in bitcoin's history, the event marked a critical juncture that historically has been associated with notable price fluctuations and increased investor interest. Here is everything you need to know about this key milestone.
Read More
Get the latest perspectives and updates.

View the prospectus for BITU.

Investing involves risk, including the possible loss of principal. There is no guarantee that ProShares Ultra Bitcoin ETF (BITU) will achieve its investment objective.

This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to 2x the daily performance of its underlying benchmark- the Bloomberg Bitcoin Index (the “Daily Target”). While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance. For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target. The more extreme these factors and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance.

This ETF invests in derivatives (swap agreements, futures contracts and similar instruments) that provide indirect exposure to bitcoin and does not invest directly in bitcoin. Investors seeking exposure to bitcoin directly should consider an investment other than this ETF. Bitcoin is a relatively new asset class and the market for bitcoin is subject to rapid changes and uncertainty. Bitcoin is subject to unique and substantial risks, such as rapid price swings and lack of liquidity, including as a result of changes in the supply of and demand for bitcoin, statements by influencers and the media, and other factors. Bitcoin is largely unregulated and may be more susceptible to fraud and manipulation than more regulated investments. Leveraged exposure to bitcoin will increase volatility. The value of an investment in the ETF could decline significantly and without warning, including to zero. This ETF may not be suitable for all investors.

This ProShares ETF is non-diversified and entails certain risks, including risks associated with the use of derivatives (swap agreements, futures contracts and similar instruments), counterparty risk, imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. This ETF is new and may have a limited number of market makers. There can be no assurance the fund will be successful or that an active market for its shares will develop. 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.

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. Obtain them from your financial professional or visit

BLOOMBERG® is a trademark and service mark of Bloomberg Finance LP and its affiliates (collectively "Bloomberg'). Bloomberg or Bloomberg's licensors own all proprietary rights in the Bloomberg Indices. Neither Bloomberg nor Bloomberg's licensors approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.


ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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