BITO

Bitcoin Strategy ETF

BITO aims to produce returns that correspond to bitcoin

Why BITO?

  • First U.S. bitcoin-linked ETF
  • Familiarity, liquidity and transparency of an ETF
  • Available through a brokerage account—no need for a cryptocurrency exchange account or wallet

Why BITO?

  • First U.S. bitcoin-linked ETF
  • Familiarity, liquidity and transparency of an ETF
  • Available through a brokerage account—no need for a cryptocurrency exchange account or wallet

Performance

Growth of $10,000

Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.

Total Return

Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
BITO Market Price 44.94% 59.74% 127.35% 45.15% 146.08% -- -- -- -4.45% 10/18/2021
BITO NAV 45.33% 60.00% 127.85% 45.42% 146.41% -- -- -- -4.36% 10/18/2021

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

About the Fund

Snapshot
  • Ticker BITO
  • Intraday Ticker BITO.IV
  • CUSIP 74347G440
  • Inception Date 10/18/21
  • Expense Ratio 0.95%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Monthly
Price
as of 3/28/2024
  • NAV $32.30
  • NAV Change $+1.01 up caret
  • Market Price $32.30
  • Market Price Change $+1.04 up caret
  • Trading Volume (M) 16,802,034
  • 30-Day Median Bid Ask Spread 0.03%
  • View Premium / Discount
Snapshot
  • Ticker BITO
  • Intraday Ticker BITO.IV
  • CUSIP 74347G440
  • Inception Date 10/18/21
  • Unitary Expense Ratio 0.95%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Monthly
Price
as of 3/28/2024
  • NAV $32.30
  • NAV Change $+1.01 up caret
  • Market Price $32.30
  • Market Price Change $+1.04 up caret
  • Trading Volume (M) 16,802,034
  • 30-Day Median Bid Ask Spread 0.03%
  • View Premium / Discount

Holdings

as of 3/28/2024

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
51.45% -- CME BITCOIN FUT NON-EQUITY INDEX 31/MAY/2024 BTCK4 CURNCY 1,515,942,000 -- 4,190 --
45.88% -- CME BITCOIN FUT NON-EQUITY INDEX 26/APR/2024 BTCJ4 CURNCY 1,351,917,000 -- 3,780 --
2.63% -- S&P CME BITCOIN FUTURES DAILY ROLL INDEX SWAP W/SG SOCIETE GENERALE 77,637,585 -- 219,179 --
-- -- TREASURY BILL -- $1,789,998,408.00 1,800,000,000 BRJQBG0
-- -- NET OTHER ASSETS (LIABILITIES) -- $1,156,469,354.00 1,156,469,354 --

Index

About the Index

This ETF is actively managed.

Distributions

Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

For more information on dividend distributions for this fund please see our frequently asked questions.

Crypto-Linked Insights and Research

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.
Read More
Get the latest perspectives and updates.

Since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

Holdings are subject to change. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

There is no guarantee that distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index.

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. 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 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.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

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

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