Leading the Way Among Bitcoin-Linked Investments
BITO, the world's largest cryptocurrency ETF, offers investors an opportunity to capture returns that have been very similar to spot bitcoin—and access the built-in advantages of the regulated structure of an ETF. Here’s a closer look at some of the main reasons why investors are buying BITO:
Returns Have Been Very Similar to Spot Bitcoin
BITO has closely tracked spot bitcoin ever since its October 2021 launch, one of the most successful ETF launches in history.
Source: ProShares and Bloomberg. Bitcoin returns are measured using Bloomberg Galaxy Bitcoin Index (BTC Index). Standardized performance as of 6/30/22 for BITO: since inception (10/18/21): -70.97% (NAV)/-70.98% (Market Price). 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. 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. Index performance does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in any index.
Built-in Advantages of a Regulated Vehicle
Recent events have highlighted some important advantages that arise from obtaining exposure to bitcoin through a futures-based ETF, like BITO. Among them:
Ease and Convenience of an ETF
BITO offers investors a way to obtain bitcoin-linked exposure in a familiar, cost-effective and liquid ETF format: