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Launched

ProShares Bitcoin ETF

BITONYSE ArcaProSharesBThis 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.

$10.19−0.02 (−0.24%)

At close: Nov 2, 2026, 4:00 PM ET

B56/ 100

Rank 1 of 7 in Bitcoin Derivatives

B56/100Rank 1 of 7inBitcoin Derivatives
Intraday session: down, 79 prints from 10.21 to 10.19. Range 10.19 to 10.39. Use the arrow keys to read each point.10.2510.3010.3510.4010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$1.49B
1Y total return
−32.3%
Yield · Last 12 months
24.14%
Holdings
3
Avg volume · 30D
172M sh
52W range
low $7.87high $16.99
Launched

The ETF.net BITO Grade

Based on 5 of 6 pillars

B

Score 56 out of 100

Category
Bitcoin Derivatives⁠
Rank
1 of 7
Six-pillar profile for BITO. Scores out of 100: Cost 51, Risk 46, Mission not scored, Tradability 73, Holdings 50, Durability 91. Strongest: Durability (91). Weakest: Risk (46). Based on 5 of 6 pillars.

Score 56 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C51 out of 100
    Rank 3 of 7

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C46 out of 100
    Rank 3 of 6

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A73 out of 100
    Rank 2 of 7

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C50 out of 100
    Rank 2 of 4

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A91 out of 100
    Rank 1 of 7

Our read on BITO

ETF.net Research

In short

BThe derivatives route to bitcoin: futures and swaps held inside a regular 1940 Act fund, no exchange account, no wallet, no keys. Trading since 2021, heavily traded, and it pushes futures-related gains out as a monthly distribution.

Stated mandate

The fund seeks capital appreciation through exposure to bitcoin, primarily using bitcoin futures and swaps rather than holding bitcoin directly.

Why people hold it

  • Bitcoin exposure bought like any stock. The fund uses bitcoin futures and swaps inside a 1940 Act fund wrapper instead of holding coins, so there is no crypto exchange account or private key to manage.proshares.com
  • At 0.95% a year it undercuts the typical fee in its bitcoin-derivatives group, and it stands among the stronger implementations in that small cohort.
  • One of the busiest tickers in the bitcoin-derivatives corner, and a multi-billion-dollar fund. Liquidity like that usually means you get in and out without fighting the spread.
  • A 2021 launch, which makes it one of the longer-running bitcoin funds on a US exchange. ProShares also runs the inverse version, BITI, if you want the other side of the trade.

Worth knowing

  • You own futures and swaps, not bitcoin. Results follow the futures market, and the cost of rolling contracts forward can leave the fund behind spot bitcoin over long stretches.
  • The monthly payout comes from futures-related gains, not from an interest-paying asset, so the amount moves around with the futures book rather than arriving on a set schedule of size.
  • Bitcoin-linked swings are severe, and roughly 1% a year in fees compounds on top of that. This is the sharp end of the risk spectrum, not a core holding by design.

BITO Performance

Launched Oct 18, 2021

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
BITO$6,770
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. BITO $6,770. SPY $11,199. Use the arrow keys to read each point.$6,000$8,000$10,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for BITO. Periods over one year show the average yearly return.
PeriodBITO
Year to date−14.9%
1 month−8.5%
3 months+20.6%
1 year−32.3%
3 yearsper year+22.9%
5 yearsper year−0.9%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BITO
YearReturn barBITO
2026 YTD−14.9%
2025−10.8%
2024+105.4%
2023+137.3%
2022−63.9%
2021−31.1%

History from Oct 19, 2021

BITO in the news

BITO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
24.14%Last 12 months
Payout per share
$2.47Last 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.15; Mar 1, 2023 $0.10; Apr 3, 2023 $0.46; May 1, 2023 $0.42; Jun 1, 2023 $0.43; Jul 3, 2023 $0.66; Aug 1, 2023 $0.38; Sep 1, 2023 $0.0053; Oct 2, 2023 $0.07; Nov 1, 2023 $0.14; Dec 1, 2023 $0.13; Dec 20, 2023 $0.15; Feb 1, 2024 $0.36; Mar 1, 2024 $0.73; Apr 1, 2024 $1.14; May 1, 2024 $1.68; Jun 3, 2024 $1.77; Jul 1, 2024 $1.50; Aug 1, 2024 $1.45; Sep 3, 2024 $1.21; Oct 1, 2024 $1.09; Nov 1, 2024 $0.99; Dec 2, 2024 $1.00; Dec 23, 2024 $1.11; Feb 3, 2025 $0.94; Mar 3, 2025 $0.72; Apr 1, 2025 $0.36; May 1, 2025 $0.54; Jun 2, 2025 $1.00; Jul 1, 2025 $0.78; Aug 1, 2025 $1.21; Sep 2, 2025 $0.86; Oct 1, 2025 $0.76; Nov 3, 2025 $0.84; Dec 1, 2025 $0.78; Dec 24, 2025 $0.74; Feb 2, 2026 $0.0097; Mar 2, 2026 $0.01; Apr 1, 2026 $0.0061; May 1, 2026 $0.02; Jun 1, 2026 $0.01; Jul 1, 2026 $0.01; Aug 3, 2026 $0.01; Sep 1, 2026 $0.01; Oct 1, 2026 $0.02. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 6, 2026$0.02
Oct 1, 2026Oct 7, 2026$0.02
Sep 1, 2026Sep 8, 2026$0.01
Aug 3, 2026Aug 7, 2026$0.01
Jul 1, 2026Jul 8, 2026$0.01
Jun 1, 2026Jun 5, 2026$0.01
May 1, 2026May 7, 2026$0.02
Apr 1, 2026Apr 8, 2026$0.0061
Mar 2, 2026Mar 6, 2026$0.01
Feb 2, 2026Feb 6, 2026$0.0097
Dec 24, 2025Dec 31, 2025$0.74
Dec 1, 2025Dec 5, 2025$0.78

See all 46 payments⁠

$10,000 in BITO 5 years ago paid $6,817 in dividends.⁠

BITO Risk

Risk pillarC46 out of 100Rank 3 of 6 in Bitcoin Derivatives
How much the fund’s monthly returns vary, scaled to a year.
51.1%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.55
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−77.9%
Trough Nov 2022
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.

How strongly the fund’s returns move with its asset-class index.
1.74
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BITO Cost

Compare BITO and HBIT

Overpaying vs HBIT, cheapest in Bitcoin Derivatives

$4,263

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BITO 0.95%

    $17,869

  • HBIT 0.70% Cheapest

    $13,606

$10,000
30 years

Cost over time

  • BITO 0.95%
  • HBIT 0.70%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BITO $17,869HBIT $13,606

Year by year

YearBITOHBITOverpaying
10$1,678$1,250$428
20$6,322$4,760$1,562
30$17,869$13,606$4,263

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