ProShares Bitcoin Strategy ETF
BITO

$16.19

4.6%

Market Cap: $1.5B

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

14% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 49

7% less call options, than puts

Call options by funds: $140M | Put options by funds: $150M

6.1% less ownership

Funds ownership: 43.08% [Q1] → 36.98% (-6.1%) [Q2]

10% less funds holding

Funds holding: 198 [Q1] → 179 (-19) [Q2]

39% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 49

48% less capital invested

Capital invested by funds: $1.28B [Q1] → $671M (-$612M) [Q2]

50% less funds holding in top 10

Funds holding in top 10: 8 [Q1] → 4 (-4) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for BITO.

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Financial journalist opinion

Based on 20 articles about BITO published over the past 30 days

Bitcoin continues to fall as crypto-market sentiment shifts into ‘extreme fear'

Bitcoin fell to a one-month low, as the crypto market sentiment shifts to “extreme fear.”

Bitcoin continues to fall as crypto-market sentiment shifts into ‘extreme fear'

Can bitcoin beat its historic September slump? Why this year could be different.

September has historically been the worst-performing month for both bitcoin and stocks.

Can bitcoin beat its historic September slump? Why this year could be different.

"Mooch" on Blockchain, Crypto, Bitcoin & More

As @SkyBridgeCapitalLLC looks forward to its 20th anniversary, co-founder @anthonyscaramucci7945 joins Nicole Petallides to discuss the evolution, regulation and adoption of cryptocurrency in today's market. #markets #investing #fintech #bitcoin #crypto #cryptocurrency #bitcoinnews #bitcointrading #bitcoins #bitcoinprice #ethereum #etf #cryptonews #cryptotrading ======== Schwab Network ======== Empowering every investor and trader, every market day.

"Mooch" on Blockchain, Crypto, Bitcoin & More

Bitcoin Is Rising. But September May Be Tough.

September is typically a difficult month for cryptos.

Bitcoin Is Rising. But September May Be Tough.

Bitcoin price pullback tests support at $59k, gold slides to $2,500

Jordan Finneseth is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market.

Bitcoin price pullback tests support at $59k, gold slides to $2,500

BITO's Underperformance Is Likely To Continue

We think BITO is inferior to other spot-based BTC products due to the fund's high expense ratio and futures-based approach to getting crypto exposure. High transaction costs, liquidity constraints, and a uniquely inefficient 'rolling' mechanic should cause structural underperformance vs. the underlying going forward. Despite some niche use cases, BITO's structure results in substantial performance drag making it a sub-optimal long-term investment.

BITO's Underperformance Is Likely To Continue

BITO: Macro Risks Amid Bearish Bitcoin Seasonal Trends (Rating Downgrade)

I have a hold rating on the ProShares Bitcoin Strategy ETF due to mixed macro risks and bearish seasonality in the near term. The Fed's anticipated rate cuts could benefit Bitcoin, but a stronger US dollar and historical seasonal weakness in August and September pose risks. BITO offers exposure to Bitcoin futures, not directly to Bitcoin, and has returned 35.3% year-to-date compared to spot Bitcoin's 43.3% gain.

BITO: Macro Risks Amid Bearish Bitcoin Seasonal Trends (Rating Downgrade)

CNBC Television

Bitcoin's volatility is part of what draws investors, says Anthony Pompliano

Anthony Pompliano, Professional Capital Management founder and CEO, joins 'Squawk Box' to discuss the state of bitcoin, what to make of the recent volatility and price movements, impact on the crypto market at large, and more.

Bitcoin's volatility is part of what draws investors, says Anthony Pompliano

BITO: 2 Potential Catalysts To Look Forward To

ProShares Bitcoin Strategy ETF does not directly own Bitcoin, but instead holds exposure to Bitcoin futures. Through these Bitcoin futures, BITO generates income and offers a massive 44% dividend yield. Key catalysts for Bitcoin's future growth include increased retail and institutional investor exposure via Bitcoin spot ETFs and the recent halving event reducing new Bitcoin supply.

BITO: 2 Potential Catalysts To Look Forward To

Bitcoin Price Slides Below $60,000. Why Cryptos Are Falling.

Cryptocurrencies were dropping as excitement about Federal Reserve interest-rate cuts fizzled out.

Bitcoin Price Slides Below $60,000. Why Cryptos Are Falling.

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