ProShares Trust ProShares UltraShort Bitcoin ETFProShares Trust ProShares UltraShort Bitcoin ETFProShares Trust ProShares UltraShort Bitcoin ETF

ProShares Trust ProShares UltraShort Bitcoin ETF

No trades
Buy SBIT

Key stats


Assets under management (AUM)
‪47.01 M‬USD
Fund flows (1Y)
‪62.08 M‬USD
Dividend yield (indicated)
0.98%
Discount/Premium to NAV
3.5%

About ProShares Trust ProShares UltraShort Bitcoin ETF


Issuer
ProShare Advisors LLC
Brand
ProShares
Expense ratio
0.95%
Home page
Inception date
Apr 2, 2024
Index tracked
Bloomberg Bitcoin Index - Benchmark TR Gross
Management style
Passive
SBIT is a bearish one-day bet against Bitcoin, seeking to provide double the inverse daily returns of its underlying Bitcoin index. The index, maintained by Bloomberg Index Services Limited, is designed as a proxy for the Bitcoin market. The index price is a composite of US Dollar-Bitcoin trading activities reported by digital asset platforms. The fund does not directly short Bitcoin. The fund primarily invests in swap agreements to obtain inverse exposure to the index. If the fund is unable to gain its desired exposure to Bitcoin, it may also invest in other instruments, such as cash-settled CME Bitcoin futures. The fund also holds money market instruments for necessary collateral. It gains exposure by utilizing a wholly owned Cayman Islands subsidiary. The returns of the fund can vary significantly from -2x exposure if held for longer than a day. As an inverse product with daily resets, the fund is designed as a short-term trading tool and not a long-term investment vehicle.

Classification


Asset Class
Currency
Category
Pair
Focus
Long USD, short Bitcoin
Niche
Derivative
Strategy
Vanilla
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Government
Bonds, Cash & Other100.00%
Cash88.66%
Government11.34%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.