ProShares Short Bitcoin ETF (BITI) Price, Holdings, & News

ETF Overview

The ProShares Trust - ProShares Short Bitcoin Strategy ETF (BITI) is an exchange-traded fund that is based on the S&P CME Bitcoin Futures index. The fund tracks the inverse daily price movements of an index of front-month CME bitcoin futures. It aims to profit from the price decline of bitcoin. BITI was launched on Jun 21, 2022 and is managed by ProShares.

Key Stats

• Today's Range: $22.96 to $23.67
• 50-Day Range: $21.10 to $35.70
• 52-Week Range: $20.76 to $71.05
• Volume: 2.42 million shs
• Average Volume: 1.72 million shs
• Market Capitalization: $276.34 million
• Assets Under Management: $113.35 million
• Dividend Yield: 0.13%
• Net Expense Ratio: 1.03%
• Aggregate Rating: N/A

BITI ETF - Frequently Asked Questions

How have BITI shares performed this year?

ProShares Short Bitcoin ETF's stock was trading at $65.75 at the beginning of 2024. Since then, BITI shares have decreased by 64.6% and is now trading at $23.30.
View the best growth stocks for 2024 here.

When did ProShares Short Bitcoin ETF's stock split?

ProShares Short Bitcoin ETF's stock reverse split on the morning of Thursday, November 7th 2024. The 1-5 reverse split was announced on Monday, October 28th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, November 6th 2024. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

Who are ProShares Short Bitcoin ETF's major shareholders?

Top institutional shareholders of ProShares Short Bitcoin ETF include Tidal Investments LLC (2.07%), Brown Brothers Harriman & Co. (0.21%) and Jane Street Group LLC.

How do I buy shares of ProShares Short Bitcoin ETF?

Shares of BITI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of ProShares Short Bitcoin ETF own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ProShares Short Bitcoin ETF investors own include Walt Disney (DIS), Occidental Petroleum (OXY), Petróleo Brasileiro S.A. - Petrobras (PBR), American Express (AXP), General Motors (GM), Mastercard (MA) and Realty Income (O).

Fund Details

• Issuer: ProShares
• Fund Name: ProShares Short Bitcoin ETF
• Tax Classification: Regluated Investment Company
• Stock Exchange: NYSEARCA
• Current Symbol: NYSEARCA:BITI
• Inception Date: 6/21/2022
• Fund Manager: Alexander Ilyasov, George Banian
• Web: N/A
• Phone: N/A

Fund Focus

• Asset Class: Currency
• Benchmark: Bloomberg Bitcoin Index
• Category: Alternative Currency
• Focus: Cryptocurrency
• Development Level: Developed Markets
• Region: North America
• Number of Holdings: 3

Fund Statistics

• Assets Under Management: $113.35 million
• Average Daily Volume: $0.00
• Discount/Premium: -0.02%
• Leveraged: -1.00

Administrator, Advisor and Custodian

• Administrator: JPMorgan Chase Bank, N.A.
• Advisor: ProShare Advisors LLC
• Custodian: JPMorgan Chase Bank, N.A.
• Distributor: SEI Investments Distribution Co.
• Transfer Agent: JPMorgan Chase Bank, N.A.
• Trustee: N/A
• Lead Market Maker: Jane Street

Options

• Optionable: Optionable
• Options Volume: 3,145
• Put Options: 287
• Call Options: 2,858
• Short Interest: 330,800 shs

Miscellaneous

• Outstanding Shares: 11,860,000
• Beta: -0.71
• Creation Unit: 10,000