ProShares Short Bitcoin ETF
This fund gets its cryptocurrency exposure through futures contracts rather than holding coins directly. Futures-based returns can differ from the spot price of the coin.
$17.46+0.41 (+2.37%)
History starts Jun 21, 2022.
- Expense ratio
- 1.01%
- Fund size
- $108M
- 1Y return
- +13.2%
- Yield · Last 12 months
- 32.62%
- Holdings
- 3
- Volume · 30D
- 1.6M sh
- NAV per share
- $18.18
- 52W range
The ETF.net BITI Grade
Score 48 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 21Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 68Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 75Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 82Category rank
Our read on BITI
CThe mirror image of a long bitcoin fund: BITI aims to deliver the inverse of the Bloomberg Bitcoin Index's daily move, letting a bearish view be expressed with a normal buy order instead of a short sale.
The Fund seeks daily results, before fees and expenses, that correspond to the inverse of the daily performance of the Bloomberg Bitcoin Index.
Why people hold it
- The mandate is blunt: seek daily results, before fees and expenses, that correspond to the inverse of the daily performance of the Bloomberg Bitcoin Index. One ticker, one job.
- An actively traded fund, which is what matters for a tool designed around daily moves rather than years of buy-and-hold.
- Running since June 2022, so it carries a multi-year live operating record and sits in the upper half of the US bitcoin-derivative funds in its peer group.
Worth knowing
- The objective resets daily. Hold longer and compounding can pull results away from the simple inverse of bitcoin's move over that stretch, especially in choppy markets.
- At 1.01% a year, it prices above ProShares' long bitcoin fund BITO at 0.95%. Inverse plumbing is not cheap.
- It never holds bitcoin. Exposure comes through derivatives, so counterparty and roll mechanics sit between you and the coin's price.
BITI Holdings
- Other
- 3
- 100%
- Net Other Assets (Liabilities)
Sectors
- Financials100.0%
Geography
- United States100.00%
BITI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
BITI$11,322
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BITI |
|---|---|
| Year to date | −8.7% |
| 1 month | −11.6% |
| 3 months | −27.1% |
| 1 year | +13.2% |
| 3 years | −40.8% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BITI |
|---|---|---|
| 2026 YTD | −8.7% | |
| 2025 | −1.8% | |
| 2024 | −62.6% | |
| 2023 | −66.2% | |
| 2022 | −0.1% |
BITI in the news
BITI Dividends
- 32.62%
- $5.57
- $0.38 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 8, 2026 | $0.38 |
| Aug 3, 2026 | Aug 7, 2026 | $1.33 |
| Jul 1, 2026 | Jul 8, 2026 | $1.45 |
| Jun 1, 2026 | Jun 5, 2026 | $0.24 |
| May 1, 2026 | May 7, 2026 | $0.20 |
| Apr 1, 2026 | Apr 8, 2026 | $0.59 |
| Mar 2, 2026 | Mar 6, 2026 | $0.95 |
| Feb 2, 2026 | Feb 6, 2026 | $0.31 |
| Dec 24, 2025 | Dec 31, 2025 | $0.04 |
| Dec 1, 2025 | Dec 5, 2025 | $0.02 |
| Nov 3, 2025 | Nov 7, 2025 | $0.02 |
| Oct 1, 2025 | Oct 7, 2025 | $0.03 |
BITI Risk
- 47.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.88
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −92.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −1.43
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BITI Cost
1.01%
BITI1.01%
- The middle half of Bitcoin Derivatives funds
- Median 0.95%
5 of the 7 Bitcoin Derivatives funds charge less.