BITI 1x Short
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 US-listed short Bitcoin ETF for bearish BTC exposure without shorting crypto directly. Use the BITI calculator to estimate a one-day Bitcoin move.
Bitcoin Short ETF Quick Answers
| Search | Direct Answer |
|---|---|
| BITI stock | BITI is an ETF, not a company stock. It targets inverse daily Bitcoin futures exposure. |
| bitcoin short ETF | BITI is the main 1x US-listed short Bitcoin ETF. SBIT is the higher-risk 2x version. |
| IBIT vs BITI | IBIT is long spot Bitcoin exposure; BITI is inverse Bitcoin futures exposure. |
BITI ETF Fact Check
| What it is | BITI is ProShares Short Bitcoin Strategy ETF, an inverse ETF tied to Bitcoin Futures. |
|---|---|
| Daily target | 1x Inverse exposure before fees, expenses, tracking error, and daily compounding effects. |
| Cost check | Expense ratio shown here: 0.95%. Verify the latest fee, holdings, and prospectus on the issuer page before trading. |
| Holding-period check | Even 1x inverse ETFs reset daily, so longer holding periods can diverge from the simple inverse index move. |
Source checks: ProShares ETF pages for current fund documents and the SEC/FINRA leveraged and inverse ETF bulletin for daily reset risk. Inception shown here: See issuer.
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.
IBIT vs BITI: Quick Comparison
| Ticker | Direction | Exposure Type | Typical Use |
|---|---|---|---|
| IBIT | Long BTC | Spot Bitcoin ETF | Bullish Bitcoin view |
| BITI | Short BTC (1x) | Inverse Bitcoin futures ETF | Short-term bearish Bitcoin view |
| SBIT | Short BTC (2x) | Leveraged inverse Bitcoin futures ETF | Higher-risk bearish exposure |
Full breakdown: IBIT vs BITI guide →
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