BITI

ProShares Short Bitcoin Strategy ETF
*Unless otherwise stated, data provided by FactSet.

BITI Fund Description

BITI tracks the inverse daily price movements of an index of front-month CME bitcoin futures. It aims to profit from the price decline of bitcoin.

BITI Factset Analytics Insight

BITI is the first US ETF to provide inverse exposure to bitcoin futures, it aims to profit from the price decline of bitcoin futures traded on the CME Futures Exchange for a single day. CME’s Bitcoin futures contract is a USD cash-settled contract based on the CME CF Bitcoin Reference Rate (BRR), which serves as a once-a-day reference rate of the USD price of bitcoin. The BRR aggregates the bitcoin trading activity across major bitcoin spot trading venues during a one-hour calculation window into the USD price of one bitcoin as of 4 p.m. London Time. Returns can vary significantly from -1x exposure, if held for longer than a day. As a geared product with daily resets, the fund is designed as a short-term trading tool and not a long-term investment vehicle. The fund itself gains exposure through a wholly owned Cayman Islands subsidiary.

PERFORMANCE [as of 08/03/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BITI -21.39% -- -- -- -- -- --
BITI (NAV) -21.41% -- -- -- -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BITI Summary Data

ProShares
06/21/22
Open-Ended Fund
--
--
0.10%
N/A

BITI Portfolio Data

--
N/A

BITI Index Data

No Underlying Index
Single Asset
Single Asset
N/A

BITI Fund Structure

No
No
-- / --
N/A
N/A
Low
-1
Daily

BITI Tax Exposures

20.00% / 39.60%
--
No

BITI Factset Analytics Block Liquidity

As of 08/04/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of BITI. BITI is rated a N/A out of 5.

BITI Tradability

646,015
$24.84M
591,107
$22.79M
0.10%
$0.04
0.03%
0.17% / -0.37%
N/A
--
--
--
--
--
20,906
$33.46
N/A

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.