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Upturn AI SWOT - About
ProShares Bitcoin Strategy ETF (BITO)
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Upturn Advisory Summary
09/12/2025: BITO (5-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Outstanding Performance
These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.
Analysis of Past Performance
Type ETF | Historic Profit 112.56% | Avg. Invested days 37 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 09/12/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 10.45 - 22.56 | Updated Date 06/29/2025 |
52 Weeks Range 10.45 - 22.56 | Updated Date 06/29/2025 |
Upturn AI SWOT
ProShares Bitcoin Strategy ETF
ETF Overview
Overview
The ProShares Bitcoin Strategy ETF (BITO) offers investors exposure to bitcoin futures contracts. It aims to provide capital appreciation, primarily through managed exposure to bitcoin futures contracts. The ETF does not invest directly in Bitcoin.
Reputation and Reliability
ProShares is a well-known and established ETF provider with a history of launching innovative and complex investment products.
Management Expertise
ProShares has a dedicated team of portfolio managers with experience in managing commodity-linked and alternative investment strategies.
Investment Objective
Goal
To seek capital appreciation primarily from exposure to bitcoin futures contracts.
Investment Approach and Strategy
Strategy: The ETF seeks to achieve its investment objective by investing primarily in bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME).
Composition Primarily composed of bitcoin futures contracts and cash/money market instruments.
Market Position
Market Share: BITO holds a significant market share in the bitcoin futures ETF segment.
Total Net Assets (AUM): 2092400000
Competitors
Key Competitors
- VanEck Bitcoin Strategy ETF (XBTF)
- Global X Blockchain & Bitcoin Strategy ETF (BITS)
- Valkyrie Bitcoin Strategy ETF (BTF)
Competitive Landscape
The bitcoin futures ETF market is relatively concentrated, with BITO holding the largest share. BITO's first-mover advantage has contributed to its dominance. Competitors offer similar exposure but may differentiate through fees or underlying strategies. BITO's AUM advantage provides greater liquidity.
Financial Performance
Historical Performance: Performance data varies greatly depending on the time frame selected, due to Bitcoin's inherent volatility. The returns are reflective of Bitcoin Futures contracts, not spot Bitcoin.
Benchmark Comparison: The ETF's performance should be compared against a benchmark of Bitcoin Futures prices to determine the effectiveness of its strategy.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
BITO exhibits high liquidity with a robust average daily trading volume, making it easy for investors to enter and exit positions.
Bid-Ask Spread
BITO generally has a tight bid-ask spread, indicating efficient trading and lower transaction costs.
Market Dynamics
Market Environment Factors
Bitcoin's price is heavily influenced by macroeconomic factors, regulatory developments, and investor sentiment, impacting the value of bitcoin futures contracts. These factors are expected to continue to greatly impact BITO.
Growth Trajectory
BITO's growth is tied to the adoption and acceptance of Bitcoin and the performance of Bitcoin futures. Changes in regulatory and macroeconomic environments will directly influence the fund.
Moat and Competitive Advantages
Competitive Edge
BITO benefits from being the first Bitcoin futures ETF, giving it a significant AUM and liquidity advantage. Its large size enables tighter spreads and potentially more efficient trading. ProShares' reputation as a reliable ETF provider also lends credibility. However, it doesn't directly hold Bitcoin.
Risk Analysis
Volatility
BITO is considered highly volatile due to the inherent volatility of Bitcoin and Bitcoin futures contracts.
Market Risk
The ETF is subject to market risk associated with the price fluctuations of Bitcoin and Bitcoin futures. Changes in regulation, investor sentiment, and macroeconomic conditions can significantly impact the ETF's value.
Investor Profile
Ideal Investor Profile
BITO is suited for investors seeking short-term exposure to Bitcoin futures, those who are comfortable with high volatility, and those who cannot or do not want to directly hold Bitcoin.
Market Risk
BITO may be suitable for active traders and tactical investors looking to capitalize on short-term Bitcoin price movements rather than long-term investors.
Summary
ProShares Bitcoin Strategy ETF (BITO) provides exposure to bitcoin futures contracts rather than directly holding Bitcoin. It is known for its high volatility and liquidity. BITO is a suitable choice for traders interested in profiting from short-term Bitcoin price movements. The ETF should be approached with caution, with a thorough understanding of the risks inherent in Bitcoin futures markets.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ProShares Official Website
- ETF.com
- SEC Filings
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Investing in ETFs involves risk, including the potential loss of principal.
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 Bitcoin Strategy ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund adviser seeks to achieve its investment objective primarily through managed exposure to bitcoin futures contracts. The fund does not invest directly in bitcoin. The fund adviser will generally hold its bitcoin futures contracts during periods in which the value of bitcoin and bitcoin futures are flat or declining as well as during periods in which the value of bitcoin or bitcoin futures is rising. 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.