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Wednesday, October 7, 2026The Morning Brief →Sign in
BITOProSharesINDEX

ProShares Bitcoin Strategy ETF

$11.45+0.09% vs prior close
7.982152-WK

Price through Oct 6, 2026 · Flows through unavailable. Figures use the latest available records, not a live quote. Fund details retrieved Oct 6, 2026. Holdings snapshot retrieved Oct 6, 2026.

The fund adviser seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts. The fund does not invest directly in bitcoin. The fund adviser will generally hold its bitcoin futures contracts during periods in which the value of bitcoin or bitcoin futures are flat or declining as well as during periods in which the value of bitcoin or bitcoin futures is rising. In order to maintain exposure to bitcoin futures contracts, it must sell its futures contracts as they near expiration and replace them with new futures contracts with a later expiration date. It is non-diversified.

Price & daily flows
10.849.808.7611.45DAILY NET FLOWApr 6Jun 4Aug 5Oct 6

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 6M SHOWN

The desk’s read

Recent fund-flow records are unavailable, while the price has returned -5.8% so far this year. At 0.95% a year it is not the cheapest way in — SCHF has a reported fee of 0.06%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$1.8Bassets under management
0.95%expense ratio · $95 per $10,000 a year
—net flow, trailing month
77.7Mavg daily volume, 30 days
5holdings · US-domiciled
2021listed October 18, 2021 · beta 1.74
Sector weights
Other100%
Cash & Others100%
Cash62.39%
Government37.61%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States100%
Other100%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+2.2%
1 month+6.6%
3 months+32.5%
6 months+24.3%
YTD-5.8%
1 year-44.8%
3 years—

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week—
1 month—
3 months—
YTD—
1 year—

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
37%realized volatility, 30 days (annualized)
47%realized volatility, 1 year
-61.5%deepest fall from a peak, 1 year
-44.8%latest close versus that peak

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
4Kcalls · latest snapshot
381puts · latest snapshot
0.09put/call ratio
62.6Mshares traded
The case against BITO

Due diligence cuts both ways. These funds sit on the same shelf and beat BITO on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IBIT iShares Bitcoin Trust0.12%$64.8B—-83bp on fee · 37× the assetsHead-to-head
EWN iShares MSCI Netherlands ETF0.50%$714M−$52M-45bp on feeHead-to-head
ARKF ARK Blockchain & Fintech Innovation ETF0.75%$860M—-20bp on feeHead-to-head
BITU ProShares Ultra Bitcoin ETF0.95%$627M+$28M+$28M in over the monthHead-to-head
FBTC FIDELITY WISE ORIGIN BITCOIN FUND—$7.8B—4× the assetsHead-to-head
Sign in to save this to The RecordA timestamped copy for the file — documentation, not advice.
InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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