Proshares Bitcoin Strategy Etf Profile

BITO Etf  USD 22.22  0.40  1.77%   

Performance

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Odds Of Distress

Less than 10

 
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Low
ProShares Bitcoin is selling at 22.22 as of the 19th of July 2024; that is 1.77 percent decrease since the beginning of the trading day. The etf's open price was 22.62. ProShares Bitcoin has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for ProShares Bitcoin Strategy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of June 2024 and ending today, the 19th of July 2024. Click here to learn more.
The fund adviser seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts. Proshares Bitcoin is traded on NYSEARCA Exchange in the United States. More on ProShares Bitcoin Strategy

Moving against ProShares Etf

  0.66XBTF XBTFPairCorr

ProShares Etf Highlights

Thematic Ideas
(View all Themes)
Business ConcentrationCryptocurrency ETFs, Alternative Currency ETFs, Digital Assets, ProShares (View all Sectors)
IssuerProShares
Inception Date2021-10-18
Entity TypeRegulated Investment Company
Asset Under Management2 Billion
Asset TypeCurrency
CategoryAlternative Currency
FocusCryptocurrency
Market ConcentrationBlended Development
RegionGlobal
AdministratorJ.P. Morgan Chase Bank, N.A.
AdvisorProShare Advisors LLC
CustodianJPMorgan Chase Bank, N.A.
DistributorSEI Investments Distribution Co.
Portfolio ManagerAlexander Ilyasov, James Linneman
Transfer AgentJPMorgan Chase Bank, N.A.
Fiscal Year End31-May
ExchangeNYSE Arca, Inc.
Number of Constituents4.0
Market MakerSusquehanna
Total Expense0.95
Management Fee0.95
Country NameUSA
Returns Y T D43.51
NameProShares Bitcoin Strategy ETF
Currency CodeUSD
Open FigiBBG0131STJL3
1y Volatility61.93
200 Day M A23.1757
50 Day M A24.5822
CodeBITO
Updated At19th of July 2024
Currency NameUS Dollar
TypeETF
ProShares Bitcoin Strategy [BITO] is traded in USA and was established 2021-10-18. The fund is listed under Digital Assets category and is part of ProShares family. The entity is thematically classified as Cryptocurrency ETFs. ProShares Bitcoin currently have 614.68 M in assets under management (AUM). , while the total return for the last year was 95.1%.
Check ProShares Bitcoin Probability Of Bankruptcy

Top ProShares Bitcoin Strategy Etf Constituents

United States Treasury Bills 0.0% 18-AUG-202246.26%
U.S. Dollar53.74%

ProShares Bitcoin Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. ProShares Bitcoin market risk premium is the additional return an investor will receive from holding ProShares Bitcoin long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ProShares Bitcoin. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although ProShares Bitcoin's alpha and beta are two of the key measurements used to evaluate ProShares Bitcoin's performance over the market, the standard measures of volatility play an important role as well.

ProShares Bitcoin Against Markets

Additional Information and Resources on Investing in ProShares Etf

When determining whether ProShares Bitcoin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares Bitcoin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Proshares Bitcoin Strategy Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Bitcoin Strategy Etf:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProShares Bitcoin Strategy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
The market value of ProShares Bitcoin is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is ProShares Bitcoin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProShares Bitcoin's market value can be influenced by many factors that don't directly affect ProShares Bitcoin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProShares Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Bitcoin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.