ProShares - Short Bitcoin ETF (BITI) Research
The ProShares Short Bitcoin ETF is structured to achieve daily returns that mirror the inverse, or opposite, direction of the Bloomberg Bitcoin Index's daily performance. This goal is measured before accounting for any associated management fees and operational costs.
Market snapshot
- Symbol
- BITI
- Price
- $27.17
- Day change
- +2.10%
- Market cap
- $100.5M
- 52-week range
- 16.575-30.935
- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
Recent news
- Bitcoin surged in April, but weak buyer demand makes the rally vulnerable
Bitcoin gained 12.7% in April, registering back-to-back monthly gains and its best month since April 2025. The run was driven by leveraged trading activity in the derivatives market while demand for the spot bitcoin contracted, signaling weakness in the rally, according to CryptoQuant.
Peer companies
- ProShares - UltraShort Ether ETF (ETHD)
- Direxion Daily S&P Biotech Bear 3X ETF (LABD)
- Leuthold Core Exchange Traded Fund (LCR)
- Daily Target 2X Long LLY ETF (LLYX)
- Roundhill Investments - Daily 2X Long Magnificent Seven ETF (MAGX)
- Tradr 1X Short Innovation Daily ETF (SARK)
- ProShares - UltraShort Bitcoin ETF (SBIT)
- Simplify US Equity PLUS Bitcoin Strategy ETF (SPBC)
Recent insider activity
- OLUKOTUN ADEOYE Y — A-Award (10000 shares) on 2009-07-08
- STACK DAVID M — A-Award (10000 shares) on 2009-07-08
- STACK DAVID M — P-Purchase (1500 shares) on 2009-03-16
- STACK DAVID M — P-Purchase (1500 shares) on 2009-03-09
- OLUKOTUN ADEOYE Y — A-Award (10000 shares) on 2008-08-25
Open ProShares - Short Bitcoin ETF (BITI) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.