ProShares Short Bitcoin ETF (BITI)
ProShares
Spot
About ProShares Short Bitcoin ETF
ProShares Short Bitcoin ETF is a Bitcoin exchange-traded fund providing investors with exposure to Bitcoin.
ProShares Short Bitcoin ETF Fund Details
Expense Ratio
1.03%
About The Fund
Overview
The ProShares Short Bitcoin Strategy ETF (BITI) is an actively managed ETF listed on NYSE Arca, launched on June 19, 2022, aiming to provide inverse (-1x) exposure to bitcoin’s daily price movements.
Investment Objective
Seeks to deliver daily returns that are the opposite of the Bloomberg Bitcoin Index by investing in cash-settled bitcoin futures contracts traded on the CME, not directly in bitcoin.
Expense Ratio
Charges a 0.95% management fee, reflecting costs for managing futures contracts and other operational expenses, with no promotional fee waivers reported.
Holdings and Structure
Invests in bitcoin futures through a wholly-owned Cayman Islands subsidiary, with ProShare Advisors LLC managing the portfolio to achieve inverse daily performance.
Risk Profile
High volatility due to bitcoin’s price swings and the use of futures; not suitable for all investors, with potential for significant or total loss, and not registered under the Investment Company Act of 1940.
Performance
As of July 15, 2025, BITI trades at approximately $17.62, with a 52-week range of $17.27 to $47.95 and a dividend yield of 2.26%, reflecting its inverse correlation to bitcoin’s price.investing.com
ProShares Short Bitcoin ETF Information
| Ticker Symbol | BITI |
| Issuer | ProShares |
| Expense Ratio | 1.03% |
| Fund Type | Spot |
| Custodian | JPMorgan Chase Bank N.A. |
| Bitcoin Only | ✓ Yes |
| Fund Inception | 2022-06-21 |
| Regulator | U.S. Securities and Exchange Commission (SEC) |
Investment Strategy
Bitcoin Futures
Market Performance
YTD Return
+0.75%
1 Year Return
+13.41%
Avg Volume
1,877,045
About ProShares
Background
ProShares is one of the largest providers of leveraged and inverse ETFs in the world, with over $65 billion in AUM.
Expertise
Pioneered geared (leveraged/inverse) ETFs since 2006, providing sophisticated trading tools for active investors.
Bitcoin ETFs
Launched the first U.S. Bitcoin-linked ETF (BITO) in October 2021 via futures, and later added the ProShares Ultra Bitcoin ETF (BITU, 2x leveraged) and ProShares Short Bitcoin ETF (BITI, inverse).
Strategy
Uses Bitcoin futures contracts rather than holding spot Bitcoin directly, suitable for short-term tactical trading.
Regulation
All products are SEC-registered and trade on major U.S. exchanges.
Compare ProShares Short Bitcoin ETF with Other ETFs
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