BITO ETF Analysis: ProShares Bitcoin Strategy | NYSE
Digital Assets | NYSE, USA | Market Cap: 1.712m USD | 12M Return: -25.9% | US74347G4405 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 856M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 4.9 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ProShares Bitcoin Strategy ETF (BITO) is a non-diversified exchange-traded fund that seeks to deliver returns linked to bitcoin primarily through exposure to bitcoin futures contracts rather than holding bitcoin directly. The fund employs a managed futures approach, maintaining its positions across both rising and flat or declining market conditions in an effort to track the performance of its benchmark.
As a digital assets ETF, BITO provides regulated market access to bitcoin-linked returns without requiring investors to hold the underlying cryptocurrency. The fund uses the futures-based structure common among early US-listed bitcoin ETFs, which can introduce tracking differences relative to spot bitcoin prices due to factors such as futures roll costs. BITO was notably the first bitcoin futures ETF to launch on a US exchange.
- Bitcoin price rally lifts futures ETF demand
- Futures contango drag suppresses returns versus spot
- Spot Bitcoin ETF launches compete for investor AUM
As of September 27, 2026, the stock is trading at USD 11.27 with a total of 48,949,557 shares traded. Over the past week, the price has changed by +3.21%, over one month by +5.83%, over three months by +40.38% and over the past year by -25.90%.
Current recommended Stop Loss: 10.50 (which is 6.8% or 2.3 ATR below the current price).
ProShares Bitcoin Strategy has no consensus analysts rating.