PLEASE NOTE:  The Fund does not invest directly in physical bitcoin.  The Fund seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts and should be expected to perform differently from a spot price of bitcoin.  The performance of the underlying futures contracts are expected to be highly correlated to a spot price of bitcoin.  Please read the prospectus carefully before investing.
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Bitcoin-Linked

Gain exposure to bitcoin-linked returns

Offering investors a familiar way to gain exposure — from the first and largest provider of U.S. bitcoin-linked ETFs* — in a convenient, liquid and transparent ETF format.

The First U.S. Bitcoin-Linked ETF

ProShares Bitcoin Strategy ETF offers investors a convenient way to incorporate a rapidly growing digital asset into their portfolios.

One stop

Avoid managing separate exchange accounts or wallets.

All day

Familiar trading and pricing practices that let you trade shares while U.S. markets are open.

Regulated

Underlying futures contracts trade on a regulated exchange.

“

A multitude of investors have waited for years for a bitcoin-linked ETF… We’re pleased to offer BITO, which continues the legacy of ETFs providing convenient, liquid access to an asset.

Michael L. Sapir, ProShares CEO
Our Fund ProShares Bitcoin Strategy ETF (BITO)

Diversifier to traditional portfolios

Alternative to traditional currency investments

Seek capital appreciation

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View BITO Fund Details

ProShares Bitcoin Strategy ETF (BITO) is the first bitcoin-linked ETF in the U.S. designed to provide investors an easy way to add bitcoin exposure to their portfolios. Learn more about the fund, how it works and how investors can purchase BITO through their brokerage accounts.

BITO Fund Details

Digital Assets Research & Insights

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BITO: One-Year Update

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insight-image ProShares Bitcoin Strategy ETF (BITO): Key Observations from the First 6 Months

Continual interest in BITO may indicate that investors are considering the fund for a range of portfolio applications. We take a look at the first six-months of trading and explore the features of BITO that may make...

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insight-image What’s Happening in Bitcoin Futures: Shrinking Roll Costs Demonstrate Maturing Market

The market for bitcoin futures has matured over the past 4+ years, and one sign of this may be seen in the modest and downtrending futures premiums, year-to-date.

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insight-image Bloomberg: ProShares Launches Short Bitcoin ETF

The ProShares Short Bitcoin Strategy ETF (ticker BITI) is the first inverse exchange-traded fund in the U.S. linked to the largest cryptocurrency. Simeon Hyman, ProShares global investment strategist, talks about th...

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insight-image CNBC: ProShares short bitcoin ETF launches

Simeon Hyman, ProShares Global investment strategist, joins ‘TechCheck’ to discuss the company’s new Short Bitcoin Strategy ETF launch. See BITO & BITI performance and holdings.  

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insight-image ProShares CEO Featured in AP Newsmaker Q&A

The Associated Press featured ProShares CEO Michael Sapir in its Insider Q&A column to discuss BITO and where he sees the future of crypto heading.

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insight-image BITO: Six Month Update

BITO has posted an average daily trade volume of $234 million since inception, placing it in the top 4% of most actively traded ETFs in the United States.

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insight-image ETF Trends features BITO in Q&A with Simeon Hyman

ProShares’ Simeon Hyman joins ETF Trends’ Lara Crigger to discuss the ProShares Bitcoin ETF (BITO), dispel any myths or misconceptions about the bitcoin futures market, and provide an update on the fund....

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Get the latest perspectives and updates.

*For recent fund performace please refer to the fund page.

The performance quoted represents past performance and does not guarantee future results.

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 and invests in bitcoin futures contracts. 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” 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 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.

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.

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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