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BITU

Ultra Bitcoin ETF

Investment Objective

Seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Bitcoin Index.

Performance

Daily Return during Q3 2024

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 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
BITU Market Price -23.56% -- -- -33.15% -- -- -- -- -33.15% 04/01/2024
BITU NAV -23.63% -- -- -33.29% -- -- -- -- -33.29% 04/01/2024

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
    BITU
  • Intraday Ticker
    BITU.IV
  • CUSIP
    74349Y704
  • Inception Date
    4/1/24
  • Expense Ratio
    0.95%
  • NAV Calculation Time
    4:00 p.m. ET
Price
as of 7/19/2024
  • NAV
    $32.69
  • NAV Change
    $+3.50 up caret
  • Market Price
    $32.65
  • Market Price Change
    $+3.42 up caret
  • Trading Volume (M)
    851,222
  • 30-Day Median Bid Ask Spread
    0.00%
  • View Premium / Discount
Snapshot
  • Ticker
    BITU
  • Intraday Ticker
    BITU.IV
  • CUSIP
    74349Y704
  • Inception Date
    4/1/24
  • Expense Ratio
    0.95%
  • NAV Calculation Time
    4:00 p.m. ET
Price
as of 7/19/2024
  • NAV
    $32.69
  • NAV Change
    $+3.50 up caret
  • Market Price
    $32.65
  • Market Price Change
    $+3.42 up caret
  • Trading Volume (M)
    851,222
  • 30-Day Median Bid Ask Spread
    0.00%
  • View Premium / Discount

Holdings

as of 7/19/2024

Exposure Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
62.18% -- BITCOIN TRUST (IBIT) SWAP GOLDMAN 244,726,464 -- 6,373,085 --
61.73% -- CME BITCOIN FUT NON-EQUITY INDEX 26/JUL/2024 BTCN4 CURNCY 242,928,000 -- 720 --
54.56% -- BITCOIN TRUST (IBIT) SWAP NOMURA 214,741,978 -- 5,592,239 --
21.68% -- CME BITCOIN FUT NON-EQUITY INDEX 30/AUG/2024 BTCQ4 CURNCY 85,306,250 -- 250 --
-- -- TREASURY BILL -- $19,950,404.00 20,000,000 BRYQ9Y9
-- -- NET OTHER ASSETS (LIABILITIES) -- $373,610,198.00 373,610,198 --

Index

About the Index

The Bloomberg Bitcoin Index (BITCOIN Index) is designed to measure the performance of a single bitcoin traded in USD. The index is owned and administered by Bloomberg Index Services Limited.

Distributions

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

Crypto-Linked Insights and Research

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 ProShares.com.

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.

©2024

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