Key stats
About ProShares Trust ProShares UltraShort Bitcoin ETF
Home page
Inception date
Apr 2, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
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.
SBIT is a bearish one-day bet against Bitcoin, seeking to provide double the inverse daily returns of its underlying Bitcoin index. The index, maintained by Bloomberg Index Services Limited, is designed as a proxy for the Bitcoin market. The index price is a composite of US Dollar-Bitcoin trading activities reported by digital asset platforms. The fund does not directly short Bitcoin. The fund primarily invests in swap agreements to obtain inverse exposure to the index. If the fund is unable to gain its desired exposure to Bitcoin, it may also invest in other instruments, such as cash-settled CME Bitcoin futures. The fund also holds money market instruments for necessary collateral. It gains exposure by utilizing a wholly owned Cayman Islands subsidiary. The returns of the fund can vary significantly from -2x 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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SBIT last dividends amounted to 0.00 USD. The month before, the issuer paid 0.00 USD in dividends, which shows a 52.89% increase.
SBIT assets under management is 66.73 M USD. It's risen 18.00% over the last month.
SBIT fund flows account for 129.44 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, SBIT pays dividends to its holders with the dividend yield of 0.65%. The last dividend (Jun 6, 2025) amounted to 0.00 USD. The dividends are paid monthly.
SBIT shares are issued by ProShare Advisors LLC under the brand ProShares. The ETF was launched on Apr 2, 2024, and its management style is Passive.
SBIT expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
SBIT follows the Bloomberg Bitcoin Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SBIT price has fallen by −15.61% over the last month, and its yearly performance shows a −77.76% decrease. See more dynamics on SBIT price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −10.83% over the last month, showed a −37.40% decrease in three-month performance and has decreased by −33.43% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −10.83% over the last month, showed a −37.40% decrease in three-month performance and has decreased by −33.43% in a year.
SBIT trades at a premium (0.20%) meaning the ETF is trading at a higher price than the calculated NAV.