ProShares Bitcoin ETF
$11.31−0.27 (−2.33%)
- Expense ratio
- 0.95%
- Fund size
- $1.8B
- 1Y return
- −25.5%
- Yield · Last 12 months
- 27.70%
- Holdings
- 5
- Volume · 30D
- 180.5M sh
- NAV per share
- $11.62
- 52W range
The ETF.net BITO Grade
Score 55 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.CScore 51Category 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.DScore 35Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 73Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 47Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 91Category rank
Our read on BITO
CThe 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.
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 Holdings
- Other
- 5
- 100%
- IQMM
Sectors
- Financials100.0%
Geography
- United States100.00%
BITO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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 | BITO |
|---|---|
| Year to date | −3.8% |
| 1 month | +11.4% |
| 3 months | +32.7% |
| 1 year | −25.5% |
| 3 years | +39.6% |
| 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 | BITO |
|---|---|---|
| 2026 YTD | −3.8% | |
| 2025 | −10.8% | |
| 2024 | +105.4% | |
| 2023 | +137.3% | |
| 2022 | −63.9% | |
| 2021 | −31.1% |
BITO in the news
ETF.net Research hasn’t filed on BITO yet — coverage lands here as it’s written.
BITO Dividends
- 27.70%
- $3.21
- $0.01 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 8, 2026 | $0.01 |
| Aug 3, 2026 | Aug 7, 2026 | $0.01 |
| Jul 1, 2026 | Jul 8, 2026 | $0.01 |
| Jun 1, 2026 | Jun 5, 2026 | $0.01 |
| May 1, 2026 | May 7, 2026 | $0.02 |
| Apr 1, 2026 | Apr 8, 2026 | $0.0061 |
| Mar 2, 2026 | Mar 6, 2026 | $0.01 |
| Feb 2, 2026 | Feb 6, 2026 | $0.0097 |
| Dec 24, 2025 | Dec 31, 2025 | $0.74 |
| Dec 1, 2025 | Dec 5, 2025 | $0.78 |
| Nov 3, 2025 | Nov 7, 2025 | $0.84 |
| Oct 1, 2025 | Oct 7, 2025 | $0.76 |
BITO Risk
- 52.7%
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.
- 0.75
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.
- −77.9%
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.
- 1.75
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BITO Cost
- The middle half of Bitcoin Derivatives funds
- Median 0.95%
2 of the 7 Bitcoin Derivatives funds charge less.