Symbols

BITI

ProShares Short Bitcoin ETF·ARCA

--(--)

Key Stats

Assets Under Management

127.34MUSD

Fund Flows (1Y)

9.37MUSD

Dividend Yield

2.57%

Discount/Premium to NAV

-0.01%

Shares Outstanding

5.30M

Expense Ratio

1.03%

About ProShares Short Bitcoin ETF

Issuer

ProShare Advisors

Brand

ProShares

Home Page

https://www.proshares.com/our-etfs/leveraged-and-inverse/biti/

Inception Date

Jun 21, 2022

Structure

Open-Ended Fund

Index Tracked

Bloomberg Bitcoin Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

No distributions

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

ProShare Advisors LLC

Distributor

SEI Investments Distribution Co.

BITI is the first US ETF to provide inverse exposure to bitcoin futures, it aims to profit from the price decline of bitcoin futures traded on the CME Futures Exchange for a single day. CME's Bitcoin futures contract is a USD cash-settled contract based on the CME CF Bitcoin Reference Rate (BRR), which serves as a once-a-day reference rate of the USD price of bitcoin. The BRR aggregates the bitcoin trading activity across major bitcoin spot trading venues during a one-hour calculation window into the USD price of one bitcoin as of 4 p.m. London Time. Returns can vary significantly from -1x exposure, if held for longer than a day. As a geared product with daily resets, the fund is designed as a short-term trading tool and not a long-term investment vehicle. The fund itself gains exposure through a wholly owned Cayman Islands subsidiary.