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Upturn AI SWOT - About
ProShares Bitcoin Strategy ETF (BITO)
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Upturn Advisory Summary
08/14/2025: BITO (5-star) is a STRONG-BUY. BUY since 77 days. Profits (21.62%). 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 126.56% | Avg. Invested days 37 | Today’s Advisory Strong Buy |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 08/14/2025 |
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) seeks capital appreciation primarily through managed exposure to Bitcoin futures contracts. It does not invest directly in Bitcoin.
Reputation and Reliability
ProShares is a well-established ETF provider known for its innovative and sometimes complex ETF offerings.
Management Expertise
ProShares has a team of experienced professionals in the ETF and derivatives space.
Investment Objective
Goal
To seek capital appreciation primarily from investments in 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 ETF's assets consist mainly of Bitcoin futures contracts and cash or money market instruments.
Market Position
Market Share: BITO holds a significant market share within the Bitcoin futures ETF space, though direct Bitcoin ETFs are larger overall.
Total Net Assets (AUM): 1924000000
Competitors
Key Competitors
- VanEck Bitcoin Strategy ETF (XBTF)
- Global X Bitcoin Trend Strategy ETF (BTRN)
Competitive Landscape
BITO was the first Bitcoin futures ETF in the U.S., giving it a first-mover advantage. Competitors aim to provide similar exposure, sometimes with slightly different strategies or lower expense ratios. BITO's larger AUM may provide better liquidity, while competitors try to differentiate with lower fees or alternative investment strategies.
Financial Performance
Historical Performance: Past performance is not indicative of future results. Performance has been closely correlated to Bitcoin price movements.
Benchmark Comparison: The ETF's performance is benchmarked against the performance of Bitcoin futures contracts. Tracking error may occur due to costs and the futures roll process.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
BITO's average daily trading volume is high, indicating good liquidity.
Bid-Ask Spread
BITO generally has a tight bid-ask spread, reflecting its high trading volume and liquidity.
Market Dynamics
Market Environment Factors
The ETF is heavily influenced by Bitcoin price movements, regulatory developments regarding cryptocurrencies, and overall market sentiment towards risk assets.
Growth Trajectory
The ETF's growth is tied to the adoption and price appreciation of Bitcoin. Changes in futures trading strategies and regulations can impact its holdings.
Moat and Competitive Advantages
Competitive Edge
BITO's first-mover advantage in the Bitcoin futures ETF space has helped it amass a significant AUM and trading volume. This liquidity attracts more investors, creating a network effect. The fund benefits from ProShares' established reputation as an ETF provider. However, the lack of direct bitcoin exposure may be a disadvantage to new spot bitcoin ETFs.
Risk Analysis
Volatility
BITO exhibits high volatility due to the inherent volatility of Bitcoin and Bitcoin futures contracts.
Market Risk
The ETF is subject to market risk associated with Bitcoin, including regulatory risk, security risk, and fluctuations in demand.
Investor Profile
Ideal Investor Profile
BITO is suitable for investors who want exposure to Bitcoin price movements through a regulated investment vehicle without directly holding Bitcoin.
Market Risk
BITO may be suitable for active traders or investors with a high-risk tolerance seeking short-term exposure to Bitcoin.
Summary
ProShares Bitcoin Strategy ETF (BITO) offers exposure to Bitcoin price movements through futures contracts. As the first ETF of its kind, it enjoys high liquidity and a substantial AUM. However, it's subject to the risks associated with Bitcoin and futures trading. It is suitable for investors seeking short-term exposure and comfortable with the volatility of Bitcoin. Its future depends on the continued interest and regulatory acceptance of Bitcoin.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ProShares Official Website
- ETF.com
- Morningstar
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual circumstances and consultation with a financial advisor. Past performance is not indicative of future results.
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.