Bitcoin ProFund Investor
BTCFX
NASDAQ13.49
USD
+0.32
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Bitcoin ProFund Investor
BTCFX
(NASDAQ)
Recent
price
13.49
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Bitcoin ProFund Investor Class (BTCFX) is an actively managed open-end mutual fund that seeks to provide investment results corresponding to the performance of bitcoin, before fees and expenses, through managed exposure to bitcoin futures contracts traded on the Chicago Mercantile Exchange; the fund does not invest directly in bitcoin. It invests a portion of its assets in a wholly-owned subsidiary organized under the laws of the Cayman Islands and also holds cash equivalents, including U.S. Treasury bills, short-term repurchase agreements and other high-quality, short-term debt securities. Offered in Investor Class shares with a minimum initial investment of $1,000, a net expense ratio of 1.16% (after contractual waivers through November 30, 2025) and daily pricing, the fund targets retail and institutional investors seeking cryptocurrency exposure via familiar mutual fund structures in brokerage accounts. ProFunds, founded in 1997 and headquartered at 7272 Wisconsin Avenue, 21st Floor, Bethesda, Maryland, serves as the investment adviser and manages BTCFX alongside its affiliates, including sister company ProShares, which together oversee approximately $85 billion in assets; the firm specializes in alternative mutual funds, including leveraged, inverse and crypto-linked products. BTCFX, initially launched as Bitcoin Strategy ProFund on July 28, 2021, became the first publicly available U.S. mutual fund targeting bitcoin performance, utilizing the CF Bitcoin US Settlement Price as its performance benchmark. Recent developments include a name simplification in late 2024 from Bitcoin Strategy ProFund to Bitcoin ProFund, approved by the Board of Trustees on July 18, 2024 and effective around September 27, 2024, alongside an update to related funds' indices such as the shift for Short Bitcoin Strategy ProFund to the Bloomberg Bitcoin Index. In February 2025, ProFunds expanded its crypto-linked lineup with the launch of Ether ProFund (ETHFX), the first U.S. mutual fund targeting ether performance via futures, building on BTCFX's growth to nearly $500 million in assets as of January 2025. These moves reflect ongoing strategic enhancements in cryptocurrency offerings amid strong investor demand, with total assets under management for BTCFX reaching approximately $627 million as of recent reports. The fund operates primarily in the United States, with no reported international sales restrictions beyond standard mutual fund availability.