Proshares Ultrashort Bitcoin ETF
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the daily target. The fund is non-diversified.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$52K OVER THIS RANGE
Money keeps arriving — +$60K of net buying over the past month, while the price has returned -9.5% so far this year. At 0.95% a year it is not the cheapest way in — ITDG runs the same ground at 0.11%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | -35.6% |
| 1 month | -32.5% |
| 3 months | -14.6% |
| 6 months | -42.5% |
| YTD | -9.5% |
| 1 year | +31.8% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | +$28K |
| 1 month | +$60K |
| 3 months | −$29K |
| YTD | +$39K |
| 1 year | +$52K |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat SBIT on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| IBIT iShares Bitcoin Trust | 0.12% | $64.8B | — | -83bp on fee · 417× the assets | Head-to-head |
| EWN iShares MSCI Netherlands ETF | 0.50% | $745M | +$142M | -45bp on fee · 5× the assets · +$142M in over the month | Head-to-head |
| FBTC FIDELITY WISE ORIGIN BITCOIN FUND | — | $7.8B | — | 50× the assets | Head-to-head |
| BITO ProShares Bitcoin Strategy ETF | 0.95% | $1.8B | — | 11× the assets | Head-to-head |