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Gain exposure to bitcoin-linked returns

Offering investors a familiar way to gain exposure through bitcoin futures contracts in a convenient, liquid and transparent ETF format.

The First and Largest U.S. Bitcoin-Linked ETF

ProShares Bitcoin Strategy ETF offers investors an easy way to incorporate bitcoin-linked exposure 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.


Underlying futures contracts trade on a regulated exchange.

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. Learn more about the fund, how it works and how investors can purchase BITO through their brokerage accounts, eliminating the need for a cryptocurrency exchange account or wallet.

BITO Fund Details

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BITO: One-Year Update

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

Bitcoin Strategy ETF (BITO) is the first and largest U.S. bitcoin-linked ETF according to Bloomberg and based on assets under management as of 12/31/22.

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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