PLEASE NOTE: ProShares Short Bitcoin Strategy ETF seeks a return that is -1x the return of its underlying benchmark, the S&P CME Bitcoin Futures Index (“target”) for a single day, as measured from one NAV calculation to the next. The Fund does not invest directly in physical bitcoin. The performance of the underlying futures contracts is expected to be highly correlated to a daily spot price of bitcoin. Please read the prospectus carefully before investing.

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 Q4 2022

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 16.75% -- -- -5.45% -- -- -- -- -5.45% 06/21/2022
BITI NAV 16.67% -- -- -5.33% -- -- -- -- -5.33% 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 10/04/2022
  • NAV $36.60
  • NAV Change $-1.48 down caret
  • Market Price $0.00
  • Market Price Change $0.00
  • Trading Volume (M) 0
  • 30-Day Median Bid Ask Spread 0.00%
  • 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 10/04/2022
  • NAV $36.60
  • NAV Change $-1.48 down caret
  • Market Price $0.00
  • Market Price Change $0.00
  • Trading Volume (M) 0
  • 30-Day Median Bid Ask Spread 0.00%
  • View Premium / Discount

The expense ratio above has a contractual waiver ending 6/30/23.

Holdings

as of 10/04/2022

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
-- -- TREASURY BILL -- $37,871,549.36 38,000,000 BMDPZH7
-- -- NET OTHER ASSETS (LIABILITIES) -- $41,556,965.83 41,556,966 --
-99.98% -- CME BITCOIN FUT NON-EQUITY INDEX 28/OCT/2022 BTCV2 CURNCY -79,415,775 -- -783 --

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

Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital
Get the latest perspectives and updates.

1Morningstar. Based on assets under management as of 5/31/22.

Investors could potentially lose the full value of their investment within a single day.

The ProShares Short Bitcoin Strategy ETF seeks a return that is -1x the return of its underlying benchmark – the S&P CME Bitcoin Futures Index (“target”) for a single day, as measured from one NAV calculation to the next, and not for any other period. Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return. The Fund’s returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced due to the high volatility associated with this Fund’s benchmark. Investors should monitor their holdings as frequently as daily. Investors should consult the prospectus for further details on the calculation of the returns and the risks associated with investing in this product.

There is no guarantee the Fund will achieve its investment objective. This Fund may not be suitable for all investors.

Investing involves risk, including the possible loss of principal. The Fund is non-diversified and entails certain risks, including risk associated with the use of derivatives (e.g., futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. The Fund should lose money when the daily price of bitcoin futures rises. Please see the summary and full prospectus for a more complete description of risks.

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.

The ETF does not invest directly in or hold bitcoin. The price and performance of bitcoin futures should be expected to differ from the current “spot” prices of bitcoin (the prices of bitcoin that can be purchased immediately). 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 is largely unregulated and bitcoin investments may be more susceptible to fraud and manipulation than more regulated investments. 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.

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

The "S&P CME Bitcoin Futures Index” is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and have been licensed for use by ProShares. S&P® is a registered trademark of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); “CME” is a registered trademark of CME Group, Inc. and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by ProShares. ProShares is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or CME Group and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P CME Bitcoin Futures Index. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

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

ProShares ETFs (ProShares Trust and ProShares Trust II) are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.

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