Fund Description
This short ProShares ETF seeks a return that is -1x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. The fund provides an opportunity to profit when the daily price of bitcoin declines. The Fund seeks to invest in cash settled, front month bitcoin futures. The Fund may also invest in back month, cash settled bitcoin futures contracts. Front month bitcoin futures contracts are those contracts with the shortest time to maturity. Back month bitcoin futures contracts are those with longer times to maturity.
Fund Profile
Fund Name ProShares Short Bitcoin Strategy ETF
Fund Exchange Ticker BITI
Fund Sponsor ProShares
Fund ISIN US74347G2912
Net Expense Ratio 0.95 %
Fund Inception Date 21 June 2022
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Leveraged / Inverse
Asset Class Other Asset Types
Index Linked Passive
Index Name S&P CME Bitcoin Futures Index
Index Provider S&P DJ Indices
Currency Hedged No
Inverse / Leveraged Inverse (-1)
Developed / Emerging Funds Combining Developed & Emerging Exposure
Key Statistics
Return As of Date 23 November 2022
Asset Under Management 124.63 Million (USD)
1 Month Total Return 16.21 %
Year To Date Return 3.49 %
1 Year Total Return
3 Year Annualized Total Return
NAV 41.2667
Share Outstanding 3,020,000
Top 10 Holdings (25 November 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
Derivatives offset OTHR 0.9988531703
Net Other Assets (Liabilities) OTHR 0.6810505957
TREASURY BILL B 0 02/16/23 BILL 0.3189493962