Short Crypto-Linked ETFs

Seek investment gains from crypto dips

An opportunity to profit when the daily price of bitcoin or ether declines. Avoid the significant costs and fees typically required to short bitcoin and ether.

These funds do not invest directly in cryptocurrency. There is no guarantee the funds will closely track bitcoin or ether returns.

 

Learn more about our crypto-linked ETFs here.

Short strategies from a global leader in crypto-linked ETFs
Investment opportunity

Avoid the hassle of obtaining short exposure

Research & Insights

Everything You Need to Know about the Next Bitcoin Halving

As the anticipated bitcoin halving in April 2024 draws near, investors are keenly observing the potential for significant market movement. The halving is expected to slash mining rewards from 6.25 to 3.125 bitcoins, marking a critical juncture that historically has been associated with notable price fluctuations and increased investor interest. Here is everything you need to know as we approach this key milestone.
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Get the latest perspectives and updates.

View the prospectus for SBIT.

View the prospectus for BITI.

View the prospectus for SETH.

Investing involves risk, including the possible loss of principal. There is no guarantee any ProShares ETF will achieve its investment objective.

BITI and SETH seek daily investment results that correspond, before fees and expenses, to -1x the daily performance of its underlying benchmark (the “Daily Target”). SBIT 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 funds have a daily investment objective, you may hold the funds’ 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 are, the more they occur together, 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.

These ETFs invest in derivatives (swap agreements, futures contracts and similar instruments) that provide indirect exposure to bitcoin or ether and do not invest directly in bitcoin or ether. Bitcoin and bitcoin derivatives, and ether and ether derivatives, are each a relatively new asset class, and the market for bitcoin and ether is subject to rapid changes and uncertainty. Bitcoin and bitcoin futures, and ether and ether futures, are 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 and bitcoin futures contracts, and ether and ether futures contracts. Bitcoin and ether are largely unregulated and may be more susceptible to fraud and manipulation than more regulated investments. The value of an investment in these funds could decline significantly and without warning, including to zero. The ETFs may not be suitable for all investors.

The costs associated with rolling (buying and selling) futures and the impact of margin requirements, collateral requirements and other limits may have a negative impact on performance and prevent each Fund from achieving its objective. The price and performance of bitcoin futures and ether futures should be expected to differ from the current ‘‘spot’’ prices of bitcoin and ether (the prices of bitcoin and ether that can be purchased immediately). These differences could be significant.

These ETFs are non-diversified and are subject to risks associated with the use of futures contracts, imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. The Funds should lose money when the daily price of bitcoin or ether futures rises. 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 their summary and full prospectuses. Read them carefully before investing. Obtain them from your financial professional or visit ProShares.com.

ProShares are distributed by SEI Investments Distribution Co. ("SIDCO"), which is not affiliated with the funds' advisor or sponsor. SIDCO is located at 1 Freedom Valley Drive, Oaks, PA 19456.

©2024

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

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