- ISIN
- US74347G4405
- CUSIP
- 74347G440
- Issuer
- ProShares
- Inception Date
- Oct 19, 2021
- Region
- North America (U.S.)
- Category
- Cryptocurrency
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Cryptocurrency
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $1B
Share Price Chart
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Performance
BITO Performance Chart
ProShares Bitcoin Strategy ETF (BITO) is down 30.2% since the beginning of the year. BITO is currently trading at $8 per share.
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Returns By Period
ProShares Bitcoin Strategy ETF (BITO) has returned -30.18% so far this year and -45.29% over the past 12 months.
ProShares Bitcoin Strategy ETF
- 1D
- -2.09%
- 1M
- -22.88%
- YTD
- -30.18%
- 6M
- -34.48%
- 1Y
- -45.29%
- 3Y*
- 24.47%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.26%
- 1M
- -0.17%
- YTD
- 7.91%
- 6M
- 7.98%
- 1Y
- 22.99%
- 3Y*
- 19.77%
- 5Y*
- 11.75%
- 10Y*
- 13.42%
BITO Monthly Returns History
Based on dividend-adjusted daily data since Oct 19, 2021, BITO's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 49% of months were positive and 51% were negative. The best month was Feb 2024 with a return of +45.0%, while the worst month was Jun 2022 at -40.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BITO closed higher 48% of trading days. The best single day was Mar 13, 2023 with a return of +22.3%, while the worst single day was Jun 13, 2022 at -20.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.61% | -21.83% | 2.92% | 12.53% | -4.16% | -15.65% | -30.18% | ||||||
| 2025 | 7.95% | -17.39% | -2.66% | 13.76% | 10.68% | 2.37% | 8.04% | -7.79% | 5.36% | -4.46% | -17.64% | -3.89% | -11.19% |
| 2024 | 0.15% | 44.96% | 13.32% | -17.80% | 14.01% | -11.77% | 8.01% | -10.56% | 7.86% | 9.84% | 38.41% | -5.13% | 104.45% |
| 2023 | 40.27% | -0.21% | 22.10% | 2.08% | -8.67% | 12.51% | -5.12% | -10.96% | 2.79% | 28.06% | 8.14% | 10.10% | 137.33% |
| 2022 | -16.40% | 9.19% | 8.26% | -16.53% | -17.66% | -40.86% | 27.73% | -16.66% | -2.99% | 4.84% | -14.88% | -2.52% | -63.91% |
| 2021 | -1.20% | -9.41% | -21.02% | -29.31% |
Benchmark Metrics
ProShares Bitcoin Strategy ETF has an annualized alpha of -7.39%, beta of 1.40, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since October 19, 2021.
- This ETF participated in 161.51% of S&P 500 Index downside but only 104.37% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.19 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -7.39%
- Beta
- 1.40
- R²
- 0.19
- Upside Capture
- 104.37%
- Downside Capture
- 161.51%
Expense Ratio
BITO has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BITO ranks 1 for risk / return — in the bottom 1% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and compare them to S&P 500 Index.
| BITO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -4.14 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.35 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 2.54 | -3.39 |
| Martin ratioReturn relative to average drawdown | -1.52 | 11.58 | -13.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
ProShares Bitcoin Strategy ETF provided a 71.32% dividend yield over the last twelve months, with an annual payout of $6.02 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $6.02 | $9.52 | $14.03 | $3.10 |
Dividend yield | 71.32% | 78.29% | 61.59% | 15.14% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Bitcoin Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.06 | ||||||
| 2025 | $0.00 | $0.94 | $0.72 | $0.36 | $0.54 | $1.00 | $0.78 | $1.21 | $0.86 | $0.76 | $0.84 | $1.52 | $9.52 |
| 2024 | $0.00 | $0.36 | $0.73 | $1.14 | $1.68 | $1.77 | $1.50 | $1.45 | $1.21 | $1.09 | $0.99 | $2.11 | $14.03 |
| 2023 | $0.15 | $0.10 | $0.46 | $0.42 | $0.43 | $0.66 | $0.39 | $0.01 | $0.07 | $0.14 | $0.27 | $3.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Bitcoin Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares Bitcoin Strategy ETF was 77.86%, occurring on Nov 21, 2022. Recovery took 495 trading sessions.
The current ProShares Bitcoin Strategy ETF drawdown is 51.84%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -77.86%Nov 2022 | 1y 11d | 1y 11mo | 3y 2dNov 2021 - Nov 2024 |
2026 bear market2026 | -53.10%Jun 2026 | 8mo 1d | — | 8mo 6dOct 2025 - now |
2025 selloff2025 | -29.82%Apr 2025 | 3mo 21d | 1mo 14d | 5mo 5dDec 2024 - May 2025 |
2025 correction2025 | -12.26%Aug 2025 | 15d | 1mo 8d | 1mo 23dAug 2025 - Oct 2025 |
2021 correction2021 | -12.06%Oct 2021 | 6d | 13d | 19dOct 2021 - Nov 2021 |
Drawdown Indicators
| BITO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.86% | -56.78% | -21.08% |
Max Drawdown (1Y)Largest decline over 1 year | -53.10% | -9.10% | -44.00% |
Max Drawdown (3Y)Largest decline over 3 years | -53.10% | -18.90% | -34.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -51.84% | -2.93% | -48.91% |
Average DrawdownAverage peak-to-trough decline | -36.75% | -10.72% | -26.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.81% | 1.99% | +27.82% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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