BITU

ProShares Ultra Bitcoin ETF

$34.13

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The ProShares Ultra Bitcoin ETF (BITU) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the price of bitcoin.

Overview

ETF tracking ProShares Ultra Bitcoin ETF

Category Leveraged

Issuer ProShares

Inception Date 2024-04-02

Market Cap $740.3M

Average Volume N/A

Dividend Yield 14.50%

52-Week Range $28.42 - $66.36

VWAP $35.16

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The ProShares Ultra Bitcoin ETF (BITU) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the price of bitcoin.

🎯 Investment Strategy

BITU is a leveraged ETF that aims to achieve its investment objective by investing in bitcoin futures contracts and other financial instruments that provide leveraged exposure to the price of bitcoin. The fund does not invest directly in bitcoin.

✨ Key Features

Provides 2x the daily performance of bitcoin prices
Utilizes bitcoin futures contracts and other derivatives to achieve its leverage
Designed for short-term trading and not suitable for long-term buy-and-hold investors
Has not yet accumulated any assets under management

⚠️ Primary Risks

Significant volatility and risk of loss due to the leveraged nature of the fund
Potential for divergence between the fund's performance and the actual 2x return of bitcoin prices
Liquidity risks associated with trading bitcoin futures and other derivatives
Counterparty risks related to the financial instruments used to achieve the fund's leverage

👤 Best For

BITU is designed for experienced, risk-tolerant investors who seek short-term exposure to bitcoin price movements and are comfortable with the heightened volatility and risks associated with leveraged investment strategies. This fund is not recommended for long-term buy-and-hold investors or those with a low risk tolerance.