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Upturn AI SWOT - About
Proshares Ultrashort Bitcoin ETF (SBIT)
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Upturn Advisory Summary
08/14/2025: SBIT (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 -41.36% | Avg. Invested days 26 | 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 32.45 - 275.36 | Updated Date 06/28/2025 |
52 Weeks Range 32.45 - 275.36 | Updated Date 06/28/2025 |
Upturn AI SWOT
Proshares Ultrashort Bitcoin ETF
ETF Overview
Overview
The ProShares UltraShort Bitcoin ETF (BITI) seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Bitcoin Futures Index. It provides leveraged inverse exposure to Bitcoin futures, aiming to profit from declines in Bitcoin's price.
Reputation and Reliability
ProShares is a well-established ETF provider known for its innovative and often complex ETF offerings, including leveraged and inverse products. They are considered reliable but their leveraged products carry inherent risks.
Management Expertise
ProShares has a dedicated team with expertise in managing leveraged and inverse ETFs. Their management is experienced in derivatives and structured financial products.
Investment Objective
Goal
The primary investment goal of BITI is to deliver two times the inverse of the daily performance of the S&P Bitcoin Futures Index.
Investment Approach and Strategy
Strategy: BITI aims to deliver -2x the daily performance of the S&P Bitcoin Futures Index through the use of futures contracts.
Composition The ETF primarily holds Bitcoin futures contracts.
Market Position
Market Share: BITI holds a significant portion of the inverse Bitcoin futures ETF market, being one of the first and most prominent funds in this niche.
Total Net Assets (AUM): 112100000
Competitors
Key Competitors
- Direxion Daily Bitcoin Bear 2X Shares (BITI)
- Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX)
Competitive Landscape
The inverse Bitcoin futures ETF market is highly concentrated, with BITI dominating. Advantages include being first to market and establishing a strong brand, while disadvantages involve high risk due to leverage and potential tracking errors.
Financial Performance
Historical Performance: Historical performance is highly dependent on the price movements of Bitcoin futures. As an inverse leveraged ETF, its performance can be volatile and deviate significantly from the underlying index over longer periods.
Benchmark Comparison: The ETF's performance should be compared to -2x the daily performance of the S&P Bitcoin Futures Index. Deviations can occur due to compounding effects and ETF expenses.
Expense Ratio: 1.85
Liquidity
Average Trading Volume
The average trading volume of BITI is relatively high, indicating good liquidity for most investors.
Bid-Ask Spread
The bid-ask spread can vary but is generally reasonable, reflecting the ETF's liquidity.
Market Dynamics
Market Environment Factors
BITI is heavily influenced by Bitcoin's price, market sentiment, regulatory news, and macroeconomic conditions. Demand for inverse Bitcoin exposure increases during periods of perceived market downturns.
Growth Trajectory
Growth depends on sustained interest in shorting Bitcoin futures. Volatility and negative sentiment towards Bitcoin drive demand.
Moat and Competitive Advantages
Competitive Edge
BITI's first-mover advantage in the inverse Bitcoin futures ETF space provides a strong brand recognition. ProShares' expertise in creating and managing complex ETFs gives BITI operational advantages. However, the ETF's performance is heavily dependent on Bitcoin's price decline, posing risks to long-term viability. Furthermore, leveraged inverse ETFs are inherently risky due to compounding effects and daily resets.
Risk Analysis
Volatility
BITI exhibits high volatility due to its leveraged nature and exposure to Bitcoin futures, a highly volatile asset.
Market Risk
BITI is subject to significant market risk related to Bitcoin price fluctuations. Incorrect predictions on Bitcoin price may result in financial losses.
Investor Profile
Ideal Investor Profile
BITI is suitable for sophisticated investors with a high-risk tolerance who have a short-term negative outlook on Bitcoin and seek to profit from its potential price declines.
Market Risk
BITI is best suited for active traders with a short-term investment horizon. It is not suitable for long-term investors or passive index followers.
Summary
ProShares UltraShort Bitcoin ETF (BITI) offers leveraged inverse exposure to Bitcoin futures, catering to investors betting against Bitcoin's price. It is a high-risk, high-reward instrument designed for short-term trading and speculative purposes. The ETF is dominant in its niche but faces risks related to Bitcoin price movements and leverage. Investors must carefully consider their risk tolerance and investment horizon before considering BITI.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ProShares website
- ETF.com
- Bloomberg
- Yahoo Finance
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investing in leveraged and inverse ETFs involves significant risks. Consult with a financial advisor before making any investment decisions.
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 Ultrashort Bitcoin ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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. Under normal circumstances, the fund will invest at least 80% of the fund"s assets in, or provide exposure to, financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the daily target. The fund 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.