ProShares Short Bitcoin Strategy ETF
Shorts: Bitcoin Futures
Expense Ratio
0.95%
Leverage
1x Inverse
Issuer
ProShares
Underlying
BTC Futures
BITI is the ProShares Short Bitcoin Strategy ETF, providing inverse (-100%) daily exposure to Bitcoin futures. It is the simplest way to profit from Bitcoin price declines without shorting crypto directly.
Extreme Volatility Warning
Bitcoin can move 10-20% in a single day. BITI uses Bitcoin futures, not spot Bitcoin, which adds tracking complexity. This is a highly speculative product suitable only for very short-term trades.
What BITI Shorts
BITI provides 1x inverse (-100%) daily exposure to Bitcoin futures contracts traded on the CME. When Bitcoin futures fall 1% in a day, BITI aims to rise approximately 1%.
Important: BITI tracks Bitcoin futures, not spot Bitcoin. Returns may differ from spot Bitcoin due to futures roll costs and contango/backwardation.
Key Risks
- Extreme volatility: Bitcoin can move 10-20%+ in a single day
- Futures tracking: May not perfectly track spot Bitcoin price
- Roll costs: Futures contracts must be rolled, incurring costs
- 24/7 market: Bitcoin trades around the clock; ETF does not
- Regulatory risk: Crypto regulations are evolving