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BITO

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--%
1d
1w
1m

Analysis and statistics

  • Open
    20.555$
  • Previous Close
    20.1644$
  • 52 Week Change
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  • Day Range
    0.39$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

BITO.US is the ticker symbol for the ProShares Bitcoin Strategy ETF. This ETF does not directly hold Bitcoin. Instead, it seeks to provide capital appreciation primarily through managed exposure to Bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME). The ETF aims to provide investors with a way to gain exposure to Bitcoin without directly purchasing or holding the cryptocurrency itself.
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Factors

Bitcoin Price: BITO's primary asset is Bitcoin futures contracts, so Bitcoin's spot price heavily influences BITO's value.

Futures Contract Prices: The prices of the Bitcoin futures contracts held by BITO, which can trade at a premium or discount to spot Bitcoin, affect BITO's NAV.

Rolling Costs: BITO must periodically roll its futures contracts to avoid expiration, incurring costs that can impact returns.

Supply and Demand: Like any ETF, BITO's price is influenced by investor demand and the supply of available shares.

Management Fees: BITO's expense ratio reduces its overall returns, impacting its price over time.

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