ProShares Bitcoin ETF
SpotOverview: The ProShares Bitcoin Strategy ETF (BITO) is an actively managed ETF, launched on October 15, 2021, and listed on NYSE Arca, the first U.S. bitcoin-linked ETF.
Investment Strategy: Tracks bitcoin price movements through cash-settled, front-month bitcoin futures contracts traded on the CME, not directly holding bitcoin.
Expense Ratio: Charges a management fee of 0.95%, reflecting operational costs, which is higher than some spot bitcoin ETFs like BITB.
Holdings and Custody: Invests in bitcoin futures via a Cayman Islands subsidiary, with custody and administration handled by regulated entities, ensuring compliance with U.S. regulations.
Risk Profile: High volatility due to bitcoin futures market dynamics; not suitable for all investors, with potential for significant or complete loss of investment.
Performance: As of July 21, 2025, BITO trades at approximately $22.85, with a 1-year return of 23.49% and a 52-week range of $16.02 to $28.44
ProShares offers the first U.S. Bitcoin futures ETF (BITO), leveraged (BITU), inverse (BITI), Ether, Solana, and XRP futures ETFs, plus short and ultra products.