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ProShares Bitcoin Strategy ETF

BITO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 18 2021
Expense Ratio
0.95%
Type
Global Cryptocurrency
Fund Owner
ProShares
Volume (1m avg. daily)
$132,871,723
AUM
$780,898,704
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

n/a
Net Other Assets (Liabilities)
52.03%
B 0 02/16/23
TREASURY BILL
47.97%
n/a
Derivatives offset
-99.98%
Invest with BITO

What is BITO?

ProShares Bitcoin Strategy ETF (BITO) is the first U.S. bitcoin-linked ETF offering investors an opportunity to gain exposure to bitcoin returns in a convenient, liquid and transparent way. The Fund seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts.

ETFs related toBITO

ETFs correlated to BITO include BTF, BLOK, SPBC

BITO
ProShares Trust - ProShares Bitcoin Strategy ETF
BTF
Valkyrie ETF Trust II - Valkyrie Bitcoin Strategy ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
SPBC
Simplify Exchange Traded Funds - Simplify U.S. Equity PLUS GBTC ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
ICVT
BlackRock Institutional Trust Company N.A. - iShares Convertible Bond ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
FGRO
Fidelity Covington Trust - Fidelity Growth Opportunities ETF
BOTZ
Global X Funds - Global X Funds Global X Robotics & Artificial Intelligence ETF
CWB
SPDR Series Trust - SPDR Bloomberg Convertible Securities ETF

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.

Automated Strategies
Related toBITO

#BITO

Bitcoin Futures

Category

Benchmarks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with BITO using Composer

FAQ

BITO is a Global Cryptocurrency ETF. ProShares Bitcoin Strategy ETF (BITO) is the first U.S. bitcoin-linked ETF offering investors an opportunity to gain exposure to bitcoin returns in a convenient, liquid and transparent way. The Fund seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts.

The top holdings for BITO include Net Other Assets (Liabilities), TREASURY BILL, and Derivatives offset.

BITO has 5 total holdings.

Yes, BITO is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, BITO is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BITO is 0.3739%. This is the percent change in the value of BITO over the most recent 1-month period. The 3-month return on BITO is 0.1225%. This is the percent change in the value of BITO over the most recent 3-month period.

The standard deviation of BITO for the past year is 0.6463%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BITO include AOA, PGX, and PFF.

ETFs correlated to BITO include BTF, BLOK, and SPBC.

ETFs that are inversely correlated to BITO include BITI, HDGE, and BERZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data 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 provider. Information 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.