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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

ProShares Bitcoin Strategy ETF

BITO | Active ETF

$25.42

$2.12 B

46.93%

$11.93

0.95%

Vitals

YTD Return

110.0%

1 yr return

134.9%

3 Yr Avg Return

12.0%

5 Yr Avg Return

N/A

Net Assets

$2.12 B

Holdings in Top 10

61.2%

52 WEEK LOW AND HIGH

$25.0
$16.19
$33.65

Expenses

OPERATING FEES

Expense Ratio 0.95%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

ProShares Bitcoin Strategy ETF

BITO | Active ETF

$25.42

$2.12 B

46.93%

$11.93

0.95%

BITO - Profile

Distributions

  • YTD Total Return 110.0%
  • 3 Yr Annualized Total Return 12.0%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 46.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    ProShares Bitcoin Strategy ETF
  • Fund Family Name
    ProShares Trust
  • Inception Date
    Oct 18, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alexander Ilyasov

Fund Description

The Fund seeks to achieve its investment objective primarily through managed exposure to bitcoin futures contracts. In this manner, the Fund seeks to provide investment results that correspond to the performance of bitcoin.The Fund does not invest directly in bitcoin. Investors seeking a direct investment in bitcoin should consider an investment other than the Fund.Bitcoin is a digital asset. The ownership and operation of bitcoin is determined by participants in an online, peer-to-peer network sometimes referred to as the “Bitcoin Network”. The Bitcoin Network connects computers that run publicly accessible, or “open source,” software that follows the rules and procedures governing the Bitcoin Network. This is commonly referred to as the Bitcoin Protocol (and is described in more detail in the section entitled “The Bitcoin Protocol” in the Fund’s Prospectus). Bitcoin may be used to pay for goods and services, stored for future use, or converted to a government-issued currency. As of the date of this Prospectus, the adoption of bitcoin for these purposes has been limited and bitcoin presently is not widely accepted as a means of payment.The value of bitcoin is not backed by any government, corporation, or other identified body. Instead, its value is determined in part by the supply and demand in markets created to facilitate trading of bitcoin. Ownership and transaction records for bitcoin are protected through public-key cryptography. The supply of bitcoin is determined by the Bitcoin Protocol. No single entity owns or operates the Bitcoin Network. The Bitcoin Network is collectively maintained by (1) a decentralized group of participants who run computer software that results in the recording and validation of transactions (commonly referred to as “miners”), (2) developers who propose improvements to the Bitcoin Protocol and the software that enforces the protocol and (3) users who choose which version of the bitcoin software to run. From time to time, the developers suggest changes to the bitcoin software. If a sufficient number of users and miners elect not to adopt the changes, a new digital asset, operating on the earlier version of the bitcoin software, may be created. This is often referred to as a “fork.” The value of the Fund may reflect the impact of these forks.Under normal circumstances, the Fund will invest at least 80% of its total assets in instruments that provide exposure to bitcoin and/or in instruments with similar economic characteristics.The Fund will invest principally in the financial instruments listed below.●Derivatives — Financial instruments whose value is derived from the value of an underlying asset or rate, such as bitcoin. These derivatives principally include:○Bitcoin Futures Contracts – Standardized, cash-settled bitcoin futures contracts traded on commodity exchanges registered with the Commodity Futures Trading Commission (“CFTC”). The Fund seeks to invest in cash-settled, front-month bitcoin futures.○Swap Agreements — In certain circumstances, for example, if the Fund is unable to obtain the desired exposure to bitcoin futures contracts, the Fund may enter into swap agreements that provide exposure to bitcoin or bitcoin futures. Swap agreements are derivative contracts entered into primarily with major global financial institutions for a specified period ranging from a day to more than one year. In a typical swap transaction, two parties agree to exchange or “swap” payments based on the change in value of an underlying asset or benchmark. For example, two parties may agree to exchange the return (or differentials in rates of returns) earned or realized on a particular investment or instrument.●Money Market Instruments — The Fund expects that any cash balances maintained in connection with its use of derivatives will typically be held in high quality, short-term money market instruments, for example:○U.S. Treasury Bills — U.S. government securities that have initial maturities of one year or less, and are supported by the full faith and credit of the U.S. government.○Repurchase Agreements — Contracts in which a seller of securities, usually U.S. government securities or other money market instruments, agrees to buy the securities back at a specified time and price.●Reverse Repurchase Agreements – The Fund seeks to engage in reverse repurchase agreements, a form of borrowing or leverage, and uses the proceeds to help achieve the Fund’s investment objective.In order to maintain its exposure to bitcoin futures contracts, the Fund must sell its futures contracts as they near expiration and replace them with new futures contracts with a later expiration date. This is often referred to as “rolling” a futures contract. Futures contracts with a longer term to expiration may be priced higher than futures contracts with a shorter term to expiration, a relationship called “contango.” When rolling futures contracts that are in contango, the Fund will sell the expiring contract at a relatively lower price and buy a longer-dated contract at a relatively higher price.Conversely, futures contracts with a longer term to expiration may be priced lower than futures contracts with a shorter term to expiration, a relationship called “backwardation.” When rolling futures contracts that are in backwardation, the Fund will sell the expiring contract at a relatively higher price and buy a longer-dated contract at a relatively lower price.The Fund expects to gain exposure by investing a portion of its assets in a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands and advised by ProShare Advisors. Because the Fund intends to qualify for treatment as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended, the Fund intends to invest no more than 25% of the Fund’s total assets in the subsidiary at each quarter end of the Fund’s tax year. Exceeding this amount may have tax consequences, see the section entitled “Tax Risk” in the Fund’s Prospectus for more information. References to investments by the Fund should be read to mean investments by either the Fund or the subsidiary.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.
Read More

BITO - Performance

Return Ranking - Trailing

Period BITO Return Category Return Low Category Return High Rank in Category (%)
YTD 110.0% -62.5% 107.1% 67.31%
1 Yr 134.9% -89.0% 245.9% N/A
3 Yr 12.0%* -83.6% 168.8% N/A
5 Yr N/A* -80.0% 108.2% N/A
10 Yr N/A* -100.0% 7.0% N/A

* Annualized

Return Ranking - Calendar

Period BITO Return Category Return Low Category Return High Rank in Category (%)
2023 96.5% -94.4% 48.5% N/A
2022 -63.9% -58.5% 72.8% N/A
2021 N/A -84.2% 86.0% N/A
2020 N/A -67.0% 1180.0% N/A
2019 N/A -50.0% 90.5% N/A

Total Return Ranking - Trailing

Period BITO Return Category Return Low Category Return High Rank in Category (%)
YTD 110.0% -70.3% 78.6% 75.00%
1 Yr 134.9% -89.0% 245.9% N/A
3 Yr 12.0%* -83.6% 168.8% N/A
5 Yr N/A* -80.0% 108.2% N/A
10 Yr N/A* -100.0% 7.0% N/A

* Annualized

Total Return Ranking - Calendar

Period BITO Return Category Return Low Category Return High Rank in Category (%)
2023 137.3% -94.4% 48.5% N/A
2022 -63.9% -58.5% 72.8% N/A
2021 N/A -84.2% 86.0% N/A
2020 N/A -91.8% 12699.6% N/A
2019 N/A -94.2% 483.4% N/A

BITO - Holdings

Concentration Analysis

BITO Category Low Category High BITO % Rank
Net Assets 2.12 B 161 K 29.3 B 4.41%
Number of Holdings 10 1 34 46.15%
Net Assets in Top 10 1.07 B 0 1.2 B 1.92%
Weighting of Top 10 61.19% 38.4% 100.0% 96.00%

Top 10 Holdings

  1. U.S. Treasury Bills 45.24%
  2. Repurchase Agreement 8.53%
  3. Repurchase Agreement 6.57%
  4. Repurchase Agreement 3.28%
  5. Repurchase Agreement 2.62%
  6. Repurchase Agreement 0.66%
  7. Repurchase Agreement 0.49%
  8. Repurchase Agreement 0.33%
  9. Total Return Swap -0.04%
  10. CME Bitcoin -6.48%

Asset Allocation

Weighting Return Low Return High BITO % Rank
Cash 		84.05% -121.66% 150.05% 67.39%
Other 		15.95% -50.05% 149.96% 10.87%
Stocks 		0.00% -0.18% 100.00% 91.49%
Preferred Stocks 		0.00% 0.00% 0.00% 97.83%
Convertible Bonds 		0.00% 0.00% 0.32% 97.83%
Bonds 		0.00% 0.00% 158.15% 97.87%

BITO - Expenses

Operational Fees

BITO Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.50% 3.00% 62.69%
Management Fee 0.95% 0.00% 3.00% 76.47%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.25% N/A

Sales Fees

BITO Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 4.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

BITO Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BITO Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 55.00% N/A

BITO - Distributions

Dividend Yield Analysis

BITO Category Low Category High BITO % Rank
Dividend Yield 46.93% 0.00% 18.14% 98.48%

Dividend Distribution Analysis

BITO Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Quarterly Annually

Net Income Ratio Analysis

BITO Category Low Category High BITO % Rank
Net Income Ratio N/A -3.07% 1.41% N/A

Capital Gain Distribution Analysis

BITO Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

BITO - Fund Manager Analysis

Managers

Alexander Ilyasov

Start Date

Tenure

Tenure Rank

Oct 18, 2021

0.62

0.6%

Alexander Ilyasov, ProShare Advisors: Senior Portfolio Manager since October 2013 and Portfolio Manager from November 2009 through September 2013. ProFund Advisors LLC: Senior Portfolio Manager since October 2013 and Portfolio Manager from November 2009 through September 2013. World Asset Management, Inc.: Portfolio Manager from January 2006 through November 2009. Ilyasov joined WAM’s predecessor entity in September 2005 as a member of its International Investment Team. Since joining in 2005, he has been involved in supporting WAM’s international equity product line.

George Banian

Start Date

Tenure

Tenure Rank

Mar 15, 2022

0.21

0.2%

George Banian, Principal of the Sponsor since March 11, 2022, has served as a registered associated person and an NFA associate member of the Sponsor since March 11, 2022, and a Portfolio Manager of the Sponsor since March 11, 2022. In these roles, Mr. Banian’s responsibilities include day-to-day portfolio management of certain series of the Trust. Mr. Banian also serves as a Portfolio Manager of PSA since February 2022, Associate Portfolio Manager of PSA from August 2016 to February 2022, Senior Portfolio Analyst of PSA from December 2010 to August 2016, and Portfolio Analyst of PSA from December 2007 to December 2010. In addition, Mr. Banian served as a Portfolio Manager of PFA since February 2022, and an Associate Portfolio Manager of PFA from July 2021 to February 2022.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 16.86 3.85 0.05

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