Skip to content
← All ETFs
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.

TER
0.95%
AUM
$2.5B
CAGR
-0.6%
Volatility
57.8%
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
Backtest this ETFOfficial 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

Related Tools

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