BITI
Short Bitcoin Strategy ETF
Investment Objective
ProShares Short Bitcoin Strategy ETF seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P CME Bitcoin Futures Index.
Documents & Downloads
You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)
Performance
Daily Return during Q2 2023
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 |
---|---|---|---|---|---|---|---|---|---|---|
BITI Market Price | 7.77% | -21.11% | -44.59% | -45.55% | -- | -- | -- | -- | -46.53% | 06/21/2022 |
BITI NAV | 7.67% | -21.10% | -44.60% | -45.53% | -- | -- | -- | -- | -46.52% | 06/21/2022 |
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
BITI Market Price | -24.39% | -47.81% | -45.70% | -47.81% | -- | -- | -- | -- | -48.75% | 06/21/2022 |
BITI NAV | -24.42% | -47.82% | -45.73% | -47.82% | -- | -- | -- | -- | -48.77% | 06/21/2022 |
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 BITI
- Intraday Ticker BITI.IV
- CUSIP 74347G291
- Inception Date 6/21/22
- Expense Ratio 0.95%*
- Gross Expense Ratio 0.97%
- NAV Calculation Time 4:00 p.m. ET
- Distributions Monthly
Price
as of 6/07/2023- NAV $21.75
- NAV Change $+0.51
- Market Price $21.75
- Market Price Change $+0.50
- Trading Volume (M) 530,552
- 30-Day Median Bid Ask Spread 0.05%
- View Premium / Discount
Snapshot
- Ticker BITI
- Intraday Ticker BITI.IV
- CUSIP 74347G291
- Inception Date 6/21/22
- Expense Ratio 0.95%*
- Gross Expense Ratio 0.97%
- NAV Calculation Time 4:00 p.m. ET
- Distributions Monthly
Price
as of 6/07/2023- NAV $21.75
- NAV Change $+0.51
- Market Price $21.75
- Market Price Change $+0.50
- Trading Volume (M) 530,552
- 30-Day Median Bid Ask Spread 0.05%
- View Premium / Discount
The expense ratio above has a contractual waiver ending 6/30/23.
Holdings
as of 6/07/2023
Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
---|---|---|---|---|---|---|
-- | -- | TREASURY BILL | -- | $54,456,615.40 | 55,000,000 | BMXHQL4 |
-- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $46,019,001.40 | 46,019,001 | -- |
-99.98% | -- | CME BITCOIN FUT NON-EQUITY INDEX 30/JUN/2023 BTCM3 CURNCY | -100,452,750 | -- | -755 | -- |
Index
About the Index
The S&P CME Bitcoin Futures Index is designed to measure the performance of the CME Bitcoin Futures market by tracking the nearest maturing monthly bitcoin futures contract trading on the CME. It is a “rolling index” — the roll occurs over a five-day roll period every month, effective prior to the open of trading five business days preceding the last trading date of the futures contract. The last trading date of the bitcoin futures contracts is the last Friday of the contract month. The index rolls monthly and distributes the weights 20% each day over a five-day roll period.
Distributions
For
- 2023
- 2022
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.