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Upturn AI SWOT - About
ProShares Trust - ProShares Short Bitcoin Strategy ETF (BITI)
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Upturn Advisory Summary
08/14/2025: 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 -37.84% | 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 08/14/2025 |
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 daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P CME Bitcoin Futures Index.
Reputation and Reliability
ProShares is a well-known issuer with a focus on providing leveraged and inverse ETFs. They have a solid track record in the market, but these types of products carry inherent risks.
Management Expertise
ProShares has a specialized team experienced in managing complex ETFs, including inverse and leveraged strategies.
Investment Objective
Goal
To seek daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P CME Bitcoin Futures Index.
Investment Approach and Strategy
Strategy: BITI aims to provide inverse exposure to Bitcoin futures, not Bitcoin directly. It rebalances daily.
Composition The ETF primarily holds short positions in Bitcoin futures contracts.
Market Position
Market Share: BITI occupies a unique niche, being one of the first inverse Bitcoin ETFs available.
Total Net Assets (AUM): 121577792.5
Competitors
Key Competitors
- 2x Bitcoin Strategy ETF (BITX)
Competitive Landscape
The competitive landscape is nascent, dominated by a few players. BITI's first-mover advantage gave it a significant market share but it is still vulnerable to new competitors with different strategies. BITX offers 2x leveraged exposure, unlike BITI's 1x inverse exposure.
Financial Performance
Historical Performance: Historical performance is highly dependent on Bitcoin futures price movements. Inverse ETFs are designed for short-term tactical plays, not long-term investment.
Benchmark Comparison: The benchmark is the inverse of the S&P CME Bitcoin Futures Index, so the ETF's performance should closely track the inverse of that index's daily movements, before fees and expenses.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
BITI generally exhibits moderate trading volume, allowing for relatively easy entry and exit.
Bid-Ask Spread
The bid-ask spread can fluctuate depending on market conditions and the volatility of Bitcoin futures; it is typically wider than ETFs tracking more liquid assets.
Market Dynamics
Market Environment Factors
BITI is strongly influenced by Bitcoin sentiment, regulatory news, and macroeconomic factors affecting risk assets. The ETF's performance depends on the market's expectation of the future price of Bitcoin.
Growth Trajectory
Growth trajectory depends on the demand for inverse Bitcoin exposure and investor sentiment. It can be volatile.
Moat and Competitive Advantages
Competitive Edge
BITI's main advantage is being one of the first inverse Bitcoin ETFs. It offers a straightforward way to bet against Bitcoin futures. However, the daily rebalancing and expense ratio can erode returns over time, making it best suited for short-term tactical trades. Its inverse exposure is a niche offering, differentiating it from typical long-only Bitcoin exposure products.
Risk Analysis
Volatility
BITI exhibits high volatility due to the inherent volatility of Bitcoin futures and the inverse nature of the ETF. Daily resetting can lead to compounding effects.
Market Risk
The primary market risk is the fluctuation of Bitcoin futures prices. There is also the risk of imperfect tracking and potential losses due to compounding over longer periods.
Investor Profile
Ideal Investor Profile
The ideal investor is a sophisticated, active trader with a short-term negative outlook on Bitcoin futures and a high risk tolerance.
Market Risk
BITI is best suited for active traders seeking short-term tactical exposure to the inverse performance of Bitcoin futures. It is not suitable for long-term investors due to the daily rebalancing and expense ratio.
Summary
ProShares Short Bitcoin Strategy ETF (BITI) provides inverse exposure to the daily performance of the S&P CME Bitcoin Futures Index and is designed for short-term trading strategies. The fund's high volatility and daily rebalancing make it unsuitable for long-term investors, while its expense ratio erodes returns over time. BITI's value proposition is based on investor sentiment toward Bitcoin. Understanding its market dynamics and risks is critical before investing.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ProShares official website
- ETF.com
- SEC filings
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Investing in ETFs involves risk, including the possible loss of principal. Leveraged and inverse ETFs are complex investments and are not 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.