Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT - About
ProShares Bitcoin Strategy ETF (BITO)
Top performer
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
10/15/2025: BITO (5-star) is a WEAK-BUY. BUY since 8 days. Simulated Profits (-11.57%). Updated daily EoD!
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 82.8% | Avg. Invested days 34 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/15/2025 |
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 exposure to bitcoin futures contracts, rather than direct bitcoin ownership. It aims to profit from the daily price movements of bitcoin futures contracts. It represents an indirect investment into Bitcoin and the cryptocurrency market.
Reputation and Reliability
ProShares is a well-established ETF issuer with a reputation for innovation and providing access to alternative investment strategies.
Management Expertise
ProShares has a team of experienced professionals in managing and structuring ETFs, including those that track futures contracts.
Investment Objective
Goal
To seek capital appreciation primarily through managed exposure to bitcoin futures contracts.
Investment Approach and Strategy
Strategy: The ETF invests primarily in bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME).
Composition The fund's assets consist mainly of bitcoin futures contracts and cash or cash equivalents held as collateral for the futures positions.
Market Position
Market Share: BITO holds a significant market share within the bitcoin futures ETF space, being the first of its kind in the US Market.
Total Net Assets (AUM): 2000000000
Competitors
Key Competitors
- Valkyrie Bitcoin Strategy ETF (BTF)
- VanEck Bitcoin Strategy ETF (XBTF)
Competitive Landscape
The competitive landscape includes other ETFs offering exposure to bitcoin futures. BITO benefits from being the first mover, giving it a large AUM and more liquidity, while competitors try to differentiate themselves through lower expense ratios or different investment approaches. BITO's disadvantage is its dependence on the futures market's performance and possible tracking error.
Financial Performance
Historical Performance: Data unavailable due to the relatively short trading history of the ETF, therefore the response is omitted.
Benchmark Comparison: Data unavailable due to the relatively short trading history of the ETF, therefore the response is omitted.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
BITO generally exhibits high liquidity with a substantial average daily trading volume, typically ranging from several million shares.
Bid-Ask Spread
The bid-ask spread for BITO is generally tight, reflecting the ETFu2019s high liquidity.
Market Dynamics
Market Environment Factors
BITO is sensitive to bitcoin price movements, regulatory developments concerning cryptocurrencies, investor sentiment towards digital assets, and macroeconomic conditions.
Growth Trajectory
BITO's growth is highly correlated with the performance of Bitcoin futures and its overall acceptance in traditional financial markets. Changes in regulatory sentiment and adoption rates will likely influence future growth patterns.
Moat and Competitive Advantages
Competitive Edge
BITO's first-mover advantage granted it significant brand recognition and liquidity. Its high trading volume makes it easier for institutional investors to enter and exit positions. However, this is offset by potential concerns about futures-based investment and the expense ratio, which are not unique differentiators but rather standard factors in this niche sector. The firm's advantage comes from the existing trust in the ProShares name.
Risk Analysis
Volatility
BITO experiences high volatility due to the inherent volatility of bitcoin and the use of futures contracts, which can amplify price swings.
Market Risk
Market risk is high as BITO is linked to the price of bitcoin, which is subject to significant price fluctuations and potential regulatory risks. Additional risk may be present by investing in a derivative futures contract instead of directly in Bitcoin.
Investor Profile
Ideal Investor Profile
Investors who are seeking indirect exposure to Bitcoin through a regulated ETF, understand the risks associated with bitcoin futures, and have a higher risk tolerance.
Market Risk
BITO is best suited for active traders or investors who are willing to accept high volatility and potential for significant gains or losses in the short term.
Summary
The ProShares Bitcoin Strategy ETF (BITO) provides a way to get exposure to bitcoin futures contracts within a traditional ETF structure. Being the first bitcoin futures ETF, BITO holds a substantial market share. The ETF is volatile and sensitive to bitcoin price movements and regulatory developments. It is best suited for active traders with a high risk tolerance who understand the risks and potential rewards of bitcoin futures.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ProShares Website
- ETF.com
- Yahoo Finance
- SEC Filings
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Past performance is not indicative of future results. Market share data is estimated and may not be precise.
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.