BITO

ProShares Bitcoin Strategy ETF

First US-listed Bitcoin ETF (futures-based). Uses CME Bitcoin futures contracts, NOT spot Bitcoin. Subject to roll costs and contango drag that can cause significant tracking error vs spot Bitcoin. Higher expense ratio than spot ETFs.

Backtest X-Ray Correlation Risk Map

AlternativeTER 0.95%Dist.

TER

0.95%

AUM

$2.5B

CAGR

-0.6%

Volatility

57.8%

Sharpe

-0.06

Max Drawdown

-74.2%

Data Range

2021-10 → 2026-04

Performance Analysis

Maximum Drawdown History

How far the ETF has fallen from its all-time high at each point. Deeper = more painful.

Current DD-33.1%

Worst DD-74.2%

Worst date2022-12

Rolling Returns

Annualized returns over rolling windows. Shows the range of outcomes depending on when you invested.

Avg return38.1%

Best68.0%

Worst-3.5%

% positive95%

19 periods

Backtest Data Proxy

Futures-based: subject to roll costs and contango drag. Not a 1:1 spot Bitcoin tracker.

Key Facts

ISIN

US74347G1580

Issuer

ProShares

Benchmark

S&P CME Bitcoin Futures Daily Roll Index

Total Expense Ratio (TER)

0.95%

Assets Under Management

$2.5B approx.

Inception Date

2021-10-19

Domicile

United States

Legal Structure

Open-Ended Fund

Dividend Policy

Distributing (pays dividends)

Replication Method

Synthetic (Swap-Based)

UCITS Status

✗ Not UCITS

Fund Currency

USD

Primary Exchange

NYSE Arca

Number of Holdings

N/A

Top 10 Holdings

Top 10 represent 100.0% of the fund.

BTC-FUT-ABitcoin Futures Front Month

50.00%

Cryptocurrency

BTC-FUT-BBitcoin Futures Next Month

35.00%

Cryptocurrency

UST-BILLUS Treasury Bill

15.00%

Government

Sector Breakdown

Cryptocurrency

85%

Government

15%

Source: Official issuer data · Last updated: 2026-05-12

Backtest this ETF Official Fund Page

Who Is This ETF For?

✓General portfolio building block for the asset class it covers.

Key Risks to Consider

• Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).

Similar ETFs

GBTC1.50% TER

Grayscale Bitcoin Trust ETF

Bitcoin · Grayscale

ETHE2.50% TER

Grayscale Ethereum Trust ETF

Ethereum · Grayscale

IBIT0.25% TER

iShares Bitcoin Trust ETF

Bitcoin Spot · BlackRock

FBTC0.25% TER

Fidelity Wise Origin Bitcoin Fund

Bitcoin Spot · Fidelity

Continue Your Analysis

Backtest BITO

Compare BITO

X-Ray BITO

Correlation Matrix

Risk vs Return

Check Overlap

Data & Methodology

Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.

Data source: Yahoo Finance (adjusted close), ProShares (metadata)Last verified: 2026-04-17

Related Guides from FinClaro Chile

What Is an ETF? Complete Guide

Learn the basics of ETFs, how they work, and why they matter

finclaro.cl

ETF Chile vs International Broker

Compare buying ETFs locally vs through international brokers

finclaro.cl

Related ETFs

Similar ETFs

IBIT

iShares Bitcoin Trust ETF

TER 0.25%$55B AUM

View Compare

GBTC

Grayscale Bitcoin Trust ETF

TER 1.50%$20B AUM

View Compare

FBTC

Fidelity Wise Origin Bitcoin Fund

TER 0.25%$20B AUM

View Compare

ARKB

ARK 21Shares Bitcoin ETF

TER 0.21%$4.5B AUM

View Compare

Alternative Approaches

ETHE

Grayscale Ethereum Trust ETF

TER 2.50%$4B AUM

View Compare

ETHA

iShares Ethereum Trust ETF

TER 0.25%$4B AUM

View Compare

💬 Frequently Asked Questions

BITO has a total expense ratio (TER) of 0.95%, which means you pay $95 per year for every $10,000 invested.

Yes, BITO is a distributing ETF that pays dividends to shareholders. The frequency depends on the fund's schedule.

BITO is a US-domiciled ETF (not UCITS). Non-US investors should consider the US estate tax implications (40% on US assets above $60,000) and the 30% dividend withholding tax (reduced by treaty in some countries).

BITO uses synthetic replication via swap contracts, which can reduce tracking error but introduces counterparty risk.