ProShares Short Bitcoin ETF
BITI
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Michael L. Sapir
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Jun 21, 2022
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Short Bitcoin ETF (BITI) is an exchange-traded fund that seeks daily investment results corresponding to the inverse (-1x) of the daily performance of the Bloomberg Bitcoin Index, providing investors with an opportunity to profit from declines in bitcoin prices; the fund achieves its objective primarily through investments in cash-settled, front-month bitcoin futures contracts traded on the CME, with potential allocations to back-month contracts and other short-term instruments such as swap agreements, cash equivalents, and U.S. Treasury securities. BITI does not invest directly in bitcoin or other cryptocurrencies and features a net expense ratio of 1.01%, monthly distributions, and options availability; it trades on NYSE Arca with an intraday indicative value ticker of BITI.IV and CUSIP 74347G184. Launched on June 21, 2022, as the first U.S. short bitcoin-linked ETF, BITI forms part of ProShares' extensive lineup of leveraged and inverse ETFs focused on cryptocurrency strategies, including complementary products like the ProShares Ultra Bitcoin ETF (BITU) and short ether ETFs. Headquartered in Bethesda, Maryland, ProShares—the issuer of BITI—was established in 2006 as part of the ProFunds Group (founded 1997) and manages over $70 billion in assets across innovative ETF strategies targeting dividend growth, interest rate-hedged bonds, geared exposure, and crypto-linked instruments for institutional and retail investors worldwide. The fund operates within the alternative investments segment, specifically cryptocurrency derivatives, serving traders seeking tactical short exposure amid bitcoin's volatility without direct crypto ownership. In recent developments, ProShares expanded its crypto-linked ETF suite in July 2025 with the launch of the ProShares Ultra Solana ETF (SLON) and ProShares Ultra XRP ETF (UXRP), targeting 2x daily returns of solana and XRP, respectively, building on BITI's framework and increasing the firm's U.S. crypto offerings to 12 ETFs with over $1.5 billion in assets under management for such products. Earlier expansions included the first U.S. short ether ETF (SETH) and enhancements to bitcoin strategies, reflecting ProShares' ongoing innovation in leveraged crypto exposure amid regulatory approvals for spot bitcoin ETFs. BITI has also seen heightened trading activity and institutional interest, with short interest rising 44.9% to 385,700 shares as of October 15, 2025, alongside new positions from firms like XTX Topco Ltd and Tower Research Capital LLC.