ProShares Short Bitcoin ETF

Frequently Asked Questions About BITI

What does BITI invest in?

The Fund seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Bloomberg Bitcoin Index. The Fund invest in assets or provide exposure to, financial instruments that the Advisors believes, should produce daily returns consistent with the Daily Target.

What is the expense ratio of BITI?

ProShares Short Bitcoin ETF (BITI) charges an expense ratio of 1.02%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BITI?

ProShares Short Bitcoin ETF (BITI) manages $70.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is BITI actively managed or an index fund?

BITI is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (BITI's is 1.02%) because there's no security selection cost.

When was BITI launched?

ProShares Short Bitcoin ETF (BITI) launched in June 2022 and is managed by ProShares.

How has BITI performed?

BITI's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.