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Upturn AI SWOT - About
ProShares Trust - ProShares Short Bitcoin Strategy ETF (BITI)
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Upturn Advisory Summary
10/24/2025: BITI (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -44.54% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/24/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 18.87 - 47.18 | Updated Date 06/29/2025 |
52 Weeks Range 18.87 - 47.18 | Updated Date 06/29/2025 |
Upturn AI SWOT
ProShares Trust - ProShares Short Bitcoin Strategy ETF
ETF Overview
Overview
The ProShares Short Bitcoin Strategy ETF (BITI) seeks to deliver daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the price of bitcoin as measured by the CME Bitcoin Futures Price.
Reputation and Reliability
ProShares is a well-known ETF provider with a reputation for offering innovative and sometimes complex investment products. Their reliability is generally considered high.
Management Expertise
ProShares has a dedicated team of professionals managing their ETFs, with expertise in financial markets and derivatives.
Investment Objective
Goal
To provide inverse exposure to the daily performance of bitcoin futures.
Investment Approach and Strategy
Strategy: The ETF uses swaps and other derivatives to achieve its inverse objective.
Composition The ETF primarily holds bitcoin futures contracts and cash.
Market Position
Market Share: BITI has a significant share within the inverse bitcoin futures ETF market, but the total market size is relatively small.
Total Net Assets (AUM): 107500000
Competitors
Key Competitors
- GraniteShares 1x Short Bitcoin Daily ETF (BITI)
Competitive Landscape
The competitive landscape is limited as only a few ETFs offer inverse bitcoin futures exposure. BITI benefits from being first to market. Advantage may shift based on fees, tracking, and liquidity as newer funds become available.
Financial Performance
Historical Performance: The ETF's performance is inversely correlated with the price of Bitcoin futures. Historical performance will vary significantly based on Bitcoin's price movements.
Benchmark Comparison: The ETF's benchmark is the inverse of the daily performance of the price of bitcoin as measured by the CME Bitcoin Futures Price. Tracking error can occur.
Expense Ratio: 0.0095
Liquidity
Average Trading Volume
BITI exhibits moderate liquidity, with the average daily trading volume fluctuating based on investor interest and market volatility.
Bid-Ask Spread
The bid-ask spread is generally tight for BITI, reflecting reasonable liquidity, but may widen during periods of high volatility.
Market Dynamics
Market Environment Factors
The ETF's performance is highly sensitive to changes in the price of Bitcoin and market sentiment surrounding cryptocurrencies. Regulatory developments and macroeconomic factors also influence BITI.
Growth Trajectory
The ETF's growth is tied to investor demand for inverse bitcoin exposure. As interest in shorting Bitcoin rises or falls, AUM will fluctuate.
Moat and Competitive Advantages
Competitive Edge
BITI was the first U.S. ETF to offer inverse exposure to Bitcoin futures, giving it a first-mover advantage. This provides BITI with brand recognition and potentially greater liquidity. The ETF's straightforward investment objective is easy to understand for investors seeking to profit from a decline in Bitcoin prices. The ETF's liquidity relative to other inverse products helps ensure efficient trading and smaller transaction costs.
Risk Analysis
Volatility
BITI is a volatile ETF due to the inherent volatility of Bitcoin futures. Significant price swings are common.
Market Risk
The ETF is exposed to the risk of Bitcoin's price movements, regulatory changes, and potential disruptions in the cryptocurrency market. The inverse nature can be difficult for retail investors to grasp fully.
Investor Profile
Ideal Investor Profile
BITI is suitable for sophisticated investors with a high risk tolerance who have a short-term bearish outlook on Bitcoin and understand the complexities of inverse ETFs and futures contracts.
Market Risk
BITI is primarily suited for active traders seeking short-term tactical exposure to Bitcoin and is not suitable for long-term investors or passive index followers.
Summary
The ProShares Short Bitcoin Strategy ETF (BITI) offers a way to profit from a decline in the price of Bitcoin futures. BITI uses swaps to mimic the inverse daily returns of Bitcoin. It is suitable for risk-tolerant investors with expertise in bitcoin futures contracts. Given the high volatility and risks involved, BITI is not suitable for long-term investors.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ProShares website
- ETF.com
- SEC Filings
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions. Performance data is historical and does not guarantee future results. Inverse ETFs are complex products and may not be suitable for all investors.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares Trust - ProShares Short Bitcoin Strategy ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the daily target. It seeks to benefit from decreases in the price of bitcoin futures contracts for a single day. The index is designed to measure the performance of a single bitcoin traded in USD and seeks to provide a proxy for the bitcoin market. It is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.