ProShares Ultra Bitcoin ETFBITU
BITU
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
197% more call options, than puts
Call options by funds: $3.16M | Put options by funds: $1.06M
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
28% more capital invested
Capital invested by funds: $5.73M [Q2] → $7.31M (+$1.58M) [Q3]
17% more funds holding
Funds holding: 12 [Q2] → 14 (+2) [Q3]
0.57% less ownership
Funds ownership: 2.37% [Q2] → 1.8% (-0.57%) [Q3]
75% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 4
Research analyst outlook
We haven’t received any recent analyst ratings for BITU.
Financial journalist opinion
Neutral
ETF Trends
3 weeks ago
Top Performing Leveraged/Inverse ETFs: 11/24/2024
Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Neutral
ETF Trends
1 month ago
Top Performing Leveraged/Inverse ETFs: 11/17/2024
Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Neutral
Seeking Alpha
2 months ago
BITU: Knocking On The Door
BITU's long-term decay and daily rebalancing make it unsuitable for long-term holding; best used in sustained BTC uptrends. BTC's technical indicators show potential bullish signs if it can maintain above the 20-week moving average. Capital flows into BTC are strong, making up 94% of total crypto capital flow in 2024, indicating market preference.
Positive
Zacks Investment Research
3 months ago
Best Performing Leveraged ETFs of the Past Week
Wall Street was upbeat last week thanks mainly to Fed rate cut hopes: That has boost several leveraged ETFs.
Neutral
ETF Trends
4 months ago
Top Performing Leveraged/Inverse ETFs: 07/21/2024
These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Neutral
Seeking Alpha
5 months ago
BITU May Be Too Risky At 2x Leverage
ProShares Ultra Bitcoin ETF is a 2x leveraged BTC strategy for day traders seeking amplified returns. This product may not be suitable for long-term investors. BITU uses swap agreements and cash-settled futures contracts to achieve 2x daily returns relative to spot BTC prices. Returns may be amplified during periods of sequential gains and losses in the reference BTC index, resulting in returns outside of the 2x target.
Positive
ETF Trends
8 months ago
ProShares Debuts 2X Leveraged/Inverse Bitcoin ETFs
ProShares added to its portfolio of bitcoin-related products today with the launch of two ETFs. One offers leveraged exposure and the other offers inverse exposure to physical bitcoin rather than bitcoin futures.
Neutral
Business Wire
8 months ago
ProShares Launches First ETF to Target 2x Daily Bitcoin Returns
BETHESDA, Md.--(BUSINESS WIRE)--ProShares is launching BITU, the first ETF to target 2x daily bitcoin returns, and SBIT, the first ETF to target -2x daily bitcoin returns.
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