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Upturn AI SWOT - About
Proshares Ultrashort Bitcoin ETF (SBIT)
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Upturn Advisory Summary
04/04/2025: SBIT (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
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -33.34% | Avg. Invested days 21 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/04/2025 |
Key Highlights
Volume (30-day avg) 7375096 | Beta - | 52 Weeks Range 8.59 - 56.41 | Updated Date 04/5/2025 |
52 Weeks Range 8.59 - 56.41 | Updated Date 04/5/2025 |
Upturn AI SWOT
Proshares Ultrashort Bitcoin ETF
ETF Overview
Overview
The ProShares UltraShort Bitcoin ETF (BITI) seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Bitcoin Futures Index. It provides a way for investors to potentially profit from declines in the price of Bitcoin futures.
Reputation and Reliability
ProShares is a well-established ETF issuer known for its leveraged and inverse products. They have a solid track record in creating and managing complex ETF strategies.
Management Expertise
ProShares has a dedicated management team with expertise in financial engineering and managing complex derivatives-based ETFs.
Investment Objective
Goal
To seek daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Bitcoin Futures Index.
Investment Approach and Strategy
Strategy: Tracks the S&P Bitcoin Futures Index using derivatives to achieve a -2x leverage.
Composition Primarily holds Bitcoin futures contracts and cash equivalents. The portfolio composition changes daily to maintain the -2x leverage target.
Market Position
Market Share: BITI holds a significant market share among inverse Bitcoin ETFs, but a relatively small share compared to the overall cryptocurrency ETF market.
Total Net Assets (AUM): 110900000
Competitors
Key Competitors
- Direxion Daily Bitcoin Bear 1X Shares (BITI)
- Valkyrie Bitcoin Miners ETF (WGMI)
- VanEck Bitcoin Trust (HODL)
Competitive Landscape
The competitive landscape includes other inverse Bitcoin ETFs. BITI's advantage lies in its higher leverage (-2x) compared to some competitors, which appeals to traders seeking amplified returns (and risks). The disadvantage is the inherent risk of leveraged products and potential tracking errors.
Financial Performance
Historical Performance: Performance is highly dependent on Bitcoin futures price movements. Due to the -2x leverage, it is expected to perform inversely and with twice the magnitude of the S&P Bitcoin Futures Index on a daily basis. Past performance is not indicative of future results.
Benchmark Comparison: The benchmark is the S&P Bitcoin Futures Index. The ETF aims to provide -2x the daily return of this index before fees and expenses.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
The average trading volume is reasonably good, providing adequate liquidity for most traders.
Bid-Ask Spread
The bid-ask spread is generally competitive, reflecting sufficient market depth for this type of leveraged ETF.
Market Dynamics
Market Environment Factors
The ETF's performance is heavily influenced by the sentiment and trading activity in the Bitcoin futures market. Regulatory changes, technological advancements, and macroeconomic factors also play a role.
Growth Trajectory
Growth depends on the level of interest and fear in the Bitcoin market and bitcoin futures. Increased volatility and negative sentiment could lead to greater adoption.
Moat and Competitive Advantages
Competitive Edge
BITI offers a leveraged and inverse approach, allowing investors to potentially profit from Bitcoin futures price declines. Its high leverage is an advantage for aggressive traders, but also carries increased risks. The ETF's accessibility through a regulated exchange and the reputation of ProShares add to its appeal. It has considerable market share and high liquidity. However, its reliance on daily rebalancing and futures contracts exposes it to tracking error risks over longer holding periods.
Risk Analysis
Volatility
High volatility is inherent in leveraged and inverse ETFs. The ETF experiences amplified price swings compared to the underlying Bitcoin futures index.
Market Risk
Significant market risk exists due to the volatility and unpredictability of Bitcoin futures prices. Leveraged nature amplifies the risk of losses.
Investor Profile
Ideal Investor Profile
Experienced traders with a strong understanding of Bitcoin futures markets and risk management who seek short-term, tactical exposures.
Market Risk
Best suited for active traders with a high-risk tolerance. Not suitable for long-term investors or those seeking passive index exposure.
Summary
ProShares UltraShort Bitcoin ETF (BITI) offers a leveraged inverse exposure to Bitcoin futures. It is designed for short-term tactical trading and comes with a high degree of risk due to its -2x leverage. Investors should understand the complexities of leveraged ETFs and Bitcoin futures before investing. Its daily rebalancing objective makes it unsuitable for buy-and-hold strategies. It is ideal for experienced traders seeking to profit from short-term declines in Bitcoin futures prices.
Similar Companies
BITI
ProShares Trust - ProShares Short Bitcoin Strategy ETF
BITI
ProShares Trust - ProShares Short Bitcoin Strategy ETF
WGMI
Valkyrie Bitcoin Miners ETF
WGMI
Valkyrie Bitcoin Miners ETF
Sources and Disclaimers
Data Sources:
- ProShares website
- SEC filings
- MarketWatch
- 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. Leveraged and inverse ETFs are not suitable for all investors. Past performance is not indicative of future results.
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 Ultrashort Bitcoin ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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. Under normal circumstances, the fund will invest at least 80% of the fund"s assets in, or provide exposure to, financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the daily target. The fund is non-diversified.
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