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Upturn AI SWOT - About
ProShares Trust - ProShares Short Bitcoin Strategy ETF (BITI)
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Upturn Advisory Summary
04/04/2025: BITI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit -36.19% | Avg. Invested days 24 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/04/2025 |
Key Highlights
Volume (30-day avg) 1890850 | Beta - | 52 Weeks Range 20.64 - 47.40 | Updated Date 04/5/2025 |
52 Weeks Range 20.64 - 47.40 | Updated Date 04/5/2025 |
Upturn AI SWOT
ProShares Trust - ProShares Short Bitcoin Strategy ETF
ETF Overview
Overview
The ProShares Short Bitcoin Strategy ETF (BITI) seeks investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P CME Bitcoin Futures Index. It aims to profit from a decline in the price of Bitcoin futures, not Bitcoin itself.
Reputation and Reliability
ProShares is a well-established issuer known for its innovative and often complex ETF products, including leveraged and inverse funds. They have a solid reputation for delivering products that meet their stated objectives.
Management Expertise
ProShares has a dedicated team specializing in structured and alternative ETFs, with expertise in managing funds based on derivatives and futures contracts.
Investment Objective
Goal
To deliver daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P CME Bitcoin Futures Index.
Investment Approach and Strategy
Strategy: The ETF seeks to achieve its investment objective by investing in Bitcoin futures contracts. It does not invest directly in Bitcoin.
Composition The ETF's portfolio primarily consists of Bitcoin futures contracts. It may also hold cash or cash equivalents.
Market Position
Market Share: BITI is one of the few inverse Bitcoin ETFs available, giving it a substantial, though niche, market share.
Total Net Assets (AUM): 91374050
Competitors
Key Competitors
- ProShares Bitcoin Strategy ETF (BITO)
Competitive Landscape
The competitive landscape is unique, with BITI being one of the primary ways to bet against Bitcoin futures in the ETF market. Its main indirect competitor are spot Bitcoin ETFs, but they don't offer inverse exposure, limiting comparison.
Financial Performance
Historical Performance: Historical performance data is crucial to understanding the ETFu2019s performance. Performance will be heavily influenced by Bitcoin futures price fluctuations. Results can vary significantly due to compounding.
Benchmark Comparison: The ETF is benchmarked against the inverse of the daily performance of the S&P CME Bitcoin Futures Index. Tracking errors may occur due to the complexities of futures contracts and fund management.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
BITI exhibits moderate liquidity, which means there are usually enough buyers and sellers in the market and this liquidity ensures ease of buying and selling shares during market hours.
Bid-Ask Spread
The bid-ask spread of BITI is generally tight, reflecting its liquidity, indicating efficient price discovery and lower trading costs.
Market Dynamics
Market Environment Factors
The ETF's performance is highly correlated with the sentiment surrounding Bitcoin and cryptocurrency markets, macroeconomic factors, and regulatory developments.
Growth Trajectory
Growth depends on investor appetite for inverse Bitcoin exposure, driven by bearish sentiment or hedging strategies. The product strategy remains consistent.
Moat and Competitive Advantages
Competitive Edge
BITI offers a unique opportunity to profit from potential declines in Bitcoin futures prices, giving it a competitive advantage for investors with a bearish outlook. Its well-known issuer, ProShares, also lends credibility. It effectively provides inverse exposure through futures contracts, which is difficult to replicate directly for many retail investors. Furthermore, its structure allows for trading within a regulated ETF wrapper.
Risk Analysis
Volatility
BITI is inherently volatile due to the volatile nature of Bitcoin futures, and the -1x leverage increases this volatility.
Market Risk
The ETF is subject to significant market risk related to Bitcoin futures, regulatory risk, and the potential for dramatic price swings in cryptocurrency markets.
Investor Profile
Ideal Investor Profile
BITI is suitable for sophisticated investors with a high risk tolerance who seek to profit from potential declines in Bitcoin prices, or hedge against Bitcoin holdings.
Market Risk
BITI is best suited for active traders or those seeking short-term tactical exposure to Bitcoin's inverse performance, not for long-term investors due to the effects of compounding and decay.
Summary
ProShares Short Bitcoin Strategy ETF (BITI) is a specialized inverse ETF designed for investors who believe Bitcoin futures prices will decline. It seeks to deliver the inverse of the daily performance of the S&P CME Bitcoin Futures Index. The ETF is suitable for active traders seeking short-term, tactical exposure to Bitcoin and is not meant for long-term investment due to its leveraged nature and potential for volatility. BITI offers a unique and convenient way to profit from bearish sentiment in the cryptocurrency market, however its inverse nature means that it can lead to unexpected losses due to compounding effects. Investors should fully understand the risks before investing.
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Sources and Disclaimers
Data Sources:
- ProShares Official Website
- SEC Filings
- Yahoo Finance
- Bloomberg
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Investing in ETFs involves risk, including the potential loss of principal. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares Trust - ProShares Short Bitcoin Strategy ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the daily target. It seeks to benefit from decreases in the price of bitcoin futures contracts for a single day. The index is designed to measure the performance of a single bitcoin traded in USD and seeks to provide a proxy for the bitcoin market. It is non-diversified.
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