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ETFs

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)
$133,416,005
AUM
$886,433,584
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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TREASURY BILL
56.04%
—
Net Other Assets (Liabilities)
43.96%
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Derivatives offset
-100%
Invest with BITO
Trade BITO Options

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.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

BITO
Performance Measures**

for the time period Oct 19, 2021 to Dec 4, 2025

Returns

1M Trailing Return: -8.4%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -16.7%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -77.9%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 55.9%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.33

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.04

The annualized return divided by the max drawdown for the selected time period.

ETFs related toBITO

ETFs correlated to BITO include BITX, BTF, WGMI

BITO
ProShares Trust - ProShares Bitcoin Strategy ETF
BITX
Volatility Shares Trust - 2x Bitcoin Strategy ETF
BTF
Valkyrie ETF Trust II - Valkyrie Bitcoin Strategy ETF
WGMI
Valkyrie ETF Trust II - Valkyrie Bitcoin Miners ETF
BKCH
Global X Funds - Global X Blockchain ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
CONY
Tidal Trust II - YieldMax COIN Option Income Strategy ETF
FDIG
Fidelity Covington Trust - Fidelity Crypto Industry and Digital Payments ETF
CONL
GraniteShares ETF Trust - GraniteShares 1.5x Long Coinbase Daily ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August

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.

Trading Strategies
Related toBITO

Wooden ARKK Machine 2.2 + BB V3.0.4.2a Merged with MIM CONS and V1 New SOXL Baller

Category

Tactical asset allocation, leveraged ETFs, trend following, mean reversion, volatility hedging, sector rotation, crypto overlay, daily rebalancing

OOS Cumulative Return

488.64%

best rebalancer | Deez |

Category

Crypto, volatility, tactical switch, RSI filter, leveraged ETF, high risk

OOS Cumulative Return

473.02%

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.

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 0.0094%. This is the percent change in the value of BITO over the most recent 1-month period. The 3-month return on BITO is -0.1494%. 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 0.5556%. 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 PFF, PGF, and PGX.

ETFs correlated to BITO include BITX, BTF, and WGMI.

ETFs that are inversely correlated to BITO include BITI, SARK, and FNGD.

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.