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BITO - Proshares Bitcoin Strategy ETF

Proshares Bitcoin Strategy ETF logo BITO (ProShares Bitcoin Strategy ETF) is an exchange-traded fund (ETF) managed by ProShares Advisors LLC. The ETF seeks to track the performance of the Bitcoin Futures Index, which is a benchmark that tracks the performance of bitcoin futures contracts listed on the Chicago Mercantile Exchange.

As a Bitcoin futures ETF, BITO invests primarily in bitcoin futures contracts, which are derivative financial instruments that allow investors to speculate on the future price of bitcoin. The ETF aims to provide investors with exposure to bitcoin in a regulated, transparent, and liquid investment vehicle.

As of September 2021, the BITO ETF had total net assets of around $1.5 billion and was invested in a diversified portfolio of bitcoin futures contracts. The fund's holdings are typically rolled over on a regular basis, with new contracts being purchased as old ones expire.

In terms of performance, BITO has delivered solid returns since its inception in October 2021, with a return of around 27% as of September 2021. However, investors should keep in mind that bitcoin and cryptocurrency investments can be highly volatile, and the ETF's performance may be subject to significant fluctuations.

Additionally, the ETF charges a relatively high expense ratio of 0.95%, which is higher than the average expense ratio for ETFs in the cryptocurrency sector. Investors should carefully consider their risk tolerance and investment objectives before investing in BITO or any other bitcoin or cryptocurrency




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