Key stats
About ProShares Short Bitcoin ETF
Home page
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
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
$10 by June 2024It's 2024, 3 years since people received free money from our government, people already started draining their savings accounts. Everything got much more expensive. Rising auto loan, credit card, mortgage delinquencies. We already had crypto pumps begging this year and these pumps were much smaller
BITI (short Bitcoin)MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Sq
ProShares ETF (BITI) —BullishThis ETF, BITI, hit a major low around march and quickly a strong rise in buy volume can be seen on the chart.
Price action becomes flat, 100%, signaling that a bottom/low is being established. This process is the accumulation phase.
BITI is now moving daily above EMA55. It has been rising since J
A Weekend Bet w BitiTicker Biti will benefit from decreases in the price of bitcoin futures contracts for a single day.
Bitcoin had broken below it's 200 day moving average Sunday August 4th. and over the next week has rebounded back to it's 200 day average @ 61,879 as of Friday August 9th.
Why would it get reject
Volume Spike for The Bitcoin Short ETF - Does It Mean Anything?Overall, since the end of 2021, I've seen Bitcoin is more of a net-negative when it comes to investing, for a variety of reasons. I've outlined all of this pretty clearly in my posts to this account since then. I correctly anticipated the drop all the way down below $20k back in 2022, though I did n
BTC Profit HedgingBitcoin has had an absolutely epic, face ripper rally over the last year and it may be time a look for a pullback in price as buying opportunities present themselves.
Today I have been considering the BITI Short BTC ETF which could give us an amazing hedge if BTC sees a sharp decline. Now I do bel
Crypto stocks & Bitcoin slaughtered!Stocks like Coin, Mara, MSTR all got s=demolished this week on the back of BTC having a 11% pullback from highs.
Bitcoin is forming a weekly reversal candle that is extremely bearish.
This candle could indicate a near term top in the crypto market.
If we get a weekly hammer reversal expect a 5
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BITI trades at 20.28 USD today, its price has risen 1.20% in the past 24 hours. Track more dynamics on BITI price chart.
BITI net asset value is 20.08 today — it's fallen 9.75% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BITI assets under management is 79.82 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BITI price has fallen by −9.67% over the last month, and its yearly performance shows a −45.70% decrease. See more dynamics on BITI price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −9.75% over the last month, showed a −23.25% decrease in three-month performance and has decreased by −44.88% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −9.75% over the last month, showed a −23.25% decrease in three-month performance and has decreased by −44.88% in a year.
BITI fund flows account for 38.27 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BITI invests in cash. See more details in our Analysis section.
BITI expense ratio is 1.03%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BITI isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BITI technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BITI shows the sell signal. See more of BITI technicals for a more comprehensive analysis.
Today, BITI technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BITI shows the sell signal. See more of BITI technicals for a more comprehensive analysis.
Yes, BITI pays dividends to its holders with the dividend yield of 3.58%.
BITI trades at a premium (0.19%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BITI shares are issued by ProShare Advisors LLC
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.
The fund started trading on Jun 21, 2022.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.