BITOProShares Bitcoin Strategy ETF
BITO Fund Description
BITO actively manages a portfolio of front-month CME bitcoin futures.
BITO Factset Analytics Insight
BITO provides exposure to bitcoin returns in an ETF wrapper. The fund does not invest directly in bitcoin. The fund will invest in cash settled, front-month bitcoin futures, traded on commodity exchanges registered with the Commodity Futures Trading Commission (CFTC), such as the CME Futures Exchange. The value of bitcoin futures is determined by the CME Group and Crypto Facilities Bitcoin Reference Rate (CME CF BRR), which aggregates bitcoin trading activity across major global bitcoin spot trading venues during a one-hour window. The one-hour window is divided equally into twelve 5-minute segments. Each segment has a volume-weighted median (VWM). The BRR value is expressed as the arithmetic mean of the 12 VWMs. Prices are usually determined at 4:00 p.m. (London Time). The fund itself gains exposure through a wholly owned Cayman Island subsidiary.
BITO Portfolio Management
BITO Tax Exposures
BITO Fund Structure
BITO Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BITO. BITO is rated a 5 out of 5.
BITO Top 10 Holdings
BITO Portfolio Tilts Comparison
BITO Performance Statistics
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.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.