Loading…
Loading…
See exactly how BITU's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for BITU and 80,000+ other tickers.
This fund endeavors to provide investors with daily returns that are two times (2x) the performance of the Bloomberg Bitcoin Index on a given day. This measurement is taken prior to the deduction of any fees or operational expenses.
Bitcoin rose above $80,000 to hit a more than three-month high on Tuesday as a soft U.S. dollar, in the wake of the moves by Treasury Secretary Scott Bessent to calm the bond market, revived momentum in the crypto sector.
I rate ProShares Ultra Bitcoin ETF a Hold, given its leveraged structure and volatility decay. Based on Bitcoin's cycle, I don't think a good risk/reward case can be made to enter today. BITU consistently underperforms Bitcoin except during clear, sustained bull markets due to daily rebalancing mechanisms and high expense ratio. Entering BITU only makes sense when a strong Bitcoin bull trend is evident, such as after breaching previous ATHs or a prolonged period without new lows.
In the past two days, bitcoin's highest conviction holders have sold about $2.4 billion in bitcoin. Of the bitcoin sold in the past 30 days, 26% came from investors who bought it above $90,000.
ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) gives traders 2x daily exposure to the Bloomberg Bitcoin Index through swaps, with a 0.98% expense ratio.
Here is the math that should anchor every conversation about GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL): Coinbase stock is down roughly 12% this year, and CONL is down roughly 40%.