ProShares Bitcoin ETF
BITO ThematicUpdated: Jul 4, 2026, 21:17 UTC
Key Metrics
Top 10 Holdings
| Holding | Ticker | Weight | Bar |
|---|---|---|---|
| ProShares GENIUS Money Market ETF | IQMM | 64.78% |
About This ETF
The ProShares Bitcoin ETF (BITO) is a Thematic ETF with an expense ratio (TER) of 0.95% and $1.7B in assets under management., with its largest holdings being ProShares GENIUS Money Market ETF. The ETF currently yields 69.88% in dividends. Year-to-date, BITO has returned -32.73%.
The fund adviser seeks to achieve its investment objective primarily through managed exposure to bitcoin futures contracts. The fund does not invest directly in bitcoin. The fund adviser will generally hold its bitcoin futures contracts during periods in which the value of bitcoin and bitcoin futures are flat or declining as well as during periods in which the value of bitcoin or bitcoin futures is rising. It is non-diversified.
FAQ — BITO
What is the TER of BITO (ProShares Bitcoin ETF)?
BITO has a Total Expense Ratio (TER) of 0.95 % per year. That sits above the thematic category median (0.68 % across 15 peer ETFs). The TER is deducted directly from the fund and lowers your effective return.
What return has BITO delivered?
Performance for BITO: YTD: -32.73 % · 3-year p.a.: +17.75 %. Past performance is no guarantee of future returns.
What are the top holdings of BITO?
The five largest positions in BITO are: IQMM. The full holdings list is updated daily on this page.
Does BITO pay dividends?
BITO has a current dividend yield of 69.88 %. Distributing ETFs pay this out in cash; accumulating versions reinvest it inside the fund. Check the share class on your broker before buying.
Where can I buy or set up a savings plan for BITO?
BITO is available at most major brokers. For a free monthly savings plan from €1, look at Trade Republic, Scalable Capital or Flatex. The broker comparison on this site shows fees, free-savings-plan ETFs and execution exchanges side by side.
What is the ProShares Bitcoin ETF?
The ProShares Bitcoin ETF (BITO) was the first U.S.-listed Bitcoin ETF when it launched in 2021. It does not hold Bitcoin directly; instead it tracks the price through Bitcoin futures contracts. That makes BITO a focused, highly volatile bet on a single trend: the crypto market. With roughly 1.9 billion US dollars in assets, it offers liquid, exchange-traded access to Bitcoin speculation – but it is no substitute for a broadly diversified core holding.
Performance in context
Returns mirror Bitcoin's raw volatility. Over three years BITO gained around +32.18 %, yet year to date it is down roughly 19.36 %. Its 52-week range runs from 8.61 to 23.49 US dollars, and the price currently sits near the low.
The only real drivers are the Bitcoin price itself and the cost of rolling futures contracts (contango), which can erode returns relative to spot Bitcoin. The headline distribution yield stems from the futures structure and is not dependable income. A meaningful five-year track record is not yet available for this fund.
Risk profile
BITO is a highly concentrated thematic investment with above-average risk. Bitcoin can fall by double digits within days, and drawdowns exceeding 50 % are part of its history. The fund is non-diversified and follows a single trend that can stay out of favour for years.
- Futures structure: roll costs and tracking differences versus spot Bitcoin.
- High ongoing charges of 0.95 % per year.
- Regulatory uncertainty around crypto assets.
- Currency risk: BITO trades in US dollars, so euro-area investors face EUR/USD exchange-rate risk on top of Bitcoin's swings.
Who is BITO for?
BITO suits experienced, risk-tolerant investors who want a small, speculative allocation to the crypto trend and can stomach sharp short-term swings. For those who prefer a brokerage account and do not want to manage a crypto wallet, it provides regulated, exchange-based exposure.
It is not appropriate as a core holding, as retirement savings, or for safety-focused investors. Anyone with a short horizon, low loss tolerance, or a need for steady income should avoid it. The high reported distribution yield must not be mistaken for a stable dividend.
How BITO compares
Within the Bitcoin segment, BITO faces several alternatives:
- Valkyrie Bitcoin and Ether Strategy ETF (BTF): also futures-based and therefore directly comparable, though far smaller.
- iShares Bitcoin Trust (IBIT): a spot ETF holding Bitcoin directly, avoiding roll costs and usually charging lower fees.
- Fidelity Wise Origin Bitcoin Fund (FBTC): another physically backed spot product.
At 0.95 % in ongoing charges, BITO is pricier than most spot ETFs. Its futures-based approach can lag spot Bitcoin, but it still gives access to investors in markets where spot products are not approved.
Where can I buy BITO?
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