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About ProShares Short Bitcoin ETF
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Inception date
Jun 21, 2022
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
BITI is the first US ETF to provide inverse exposure to Bitcoin. It aims to profit from the price decline of Bitcoin for a single day. Bitcoin pricing is sourced from the Bloomberg Bitcoin Crypto Fixing Rate (CFIX). The index price is a composite of US dollar-Bitcoin trading activity reported by digital asset trading platforms. The fund does not take a short position in bitcoin directly. To obtain inverse exposure to the index, the fund primarily invests in standardized, cash-settled Bitcoin futures contracts. Returns of the fund can vary significantly from -1x exposure if held for longer than a day. As an inverse product with daily resets, the fund is designed as a short-term trading tool and not a long-term investment vehicle. The fund itself gains exposure through a wholly owned Cayman Islands subsidiary. Before March 15, 2024, the fund tracked the S&P CME Bitcoin Futures Index. Until September 27, 2024, the fund tracked the Bloomberg Galaxy Bitcoin Index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BITI last dividends amounted to 0.03 USD. The month before, the issuer paid 0.03 USD in dividends, which shows a 20.82% decrease.
BITI assets under management is 80.75 M USD. It's risen 13.59% over the last month.
BITI fund flows account for 39.69 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, BITI pays dividends to its holders with the dividend yield of 3.14%. The last dividend (Jun 6, 2025) amounted to 0.03 USD. The dividends are paid monthly.
BITI shares are issued by ProShare Advisors LLC under the brand ProShares. The ETF was launched on Jun 21, 2022, and its management style is Passive.
BITI expense ratio is 1.03% meaning you'd have to pay 1.03% of your investment to help manage the fund.
BITI follows the Bloomberg Bitcoin Index - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BITI invests in cash.
BITI price has fallen by −8.81% over the last month, and its yearly performance shows a −45.10% decrease. See more dynamics on BITI price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −7.53% over the last month, showed a −19.93% decrease in three-month performance and has decreased by −45.06% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −7.53% over the last month, showed a −19.93% decrease in three-month performance and has decreased by −45.06% in a year.
BITI trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.