Skip to Content

ProShares Short Bitcoin Strategy ETF

BITI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 21 2022
Expense Ratio
0.95%
Type
Global Cryptocurrency
Fund Owner
ProShares
Volume (1m avg. daily)
$20,988,571
AUM
$97,940,500
Associated Index
S&P CME Bitcoin Futures Index
Inverse/Leveraged
Inverse (-1)
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

n/a
Derivatives offset
99.79%
n/a
Net Other Assets (Liabilities)
59.26%
B 0 02/16/23
TREASURY BILL
40.74%
Invest with BITI

What is BITI?

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.

ETFs related toBITI

ETFs correlated to BITI include CLOZ, PRFD, PCRB

BITIProShares Trust - ProShares Short Bitcoin Strategy ETF
CLOZSeries Portfolios Trust - Panagram BBB-B CLO ETF
Expense Ratio0.50%
Correlation (1yr)1.00
Return (3mo)0.00%
Volume (avg daily 1m)NaN
PRFDPimco Exchange Traded Fund - PIMCO Preferred and Capital Securities Active Exchange-Traded Fund
PCRBPutnam ETF Trust - Putnam ESG Core Bond ETF
IBITETF Series Solutions Trust - Defiance Daily Short Digitizing the Economy ETF
PULTPutnam ETF Trust - Putnam ESG Ultra Short ETF
HDGEAdvisorshares Trust - Ranger Equity Bear -1x Shares
TWMProShares Trust - ProShares UltraShort Russell2000 -2x Shares
SRTYProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares
TZADirexion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares
RWMProShares Trust - ProShares Short Russell2000 -1x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Disclaimers

*

We show information directly obtained from our data provider, XigniteData shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our providerInformation provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.