ProShares - UltraShort Bitcoin ETF
SBIT
New York Stock Exchange Arca- -
USD
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- -
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
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Apr 2, 2024
- Website
- proshares.com
- Similar Companies
- Business
- ProShares UltraShort Bitcoin ETF (SBIT) seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Bitcoin Index. The ETF provides leveraged inverse exposure to bitcoin price movements through derivatives including swap agreements on bitcoin trusts such as iShares Bitcoin Trust (IBIT), cash-settled CME Bitcoin futures, and money market instruments for collateral; it utilizes a wholly owned Cayman Islands subsidiary to gain such exposure and pays monthly distributions with options trading available. Launched on April 1, 2024, and managed by ProShare Advisors LLC, the fund is part of ProShares' extensive lineup of leveraged and inverse ETFs offered by the firm founded in 2006 and headquartered in Bethesda, Maryland; it trades on NYSE Arca primarily for sophisticated investors, traders, and those seeking short-term hedging tools in the digital assets segment rather than long-term bitcoin investment vehicles. In June 2025, SBIT underwent a 1-for-5 reverse stock split effective prior to market open on June 12, resulting in a new CUSIP and adjusted option symbols from SBIT to SBIT1 to increase the share price and enhance liquidity by reducing the number of outstanding shares. This operational change followed strong fund flows exceeding $118 million over the prior year and aligned with ProShares' broader phase one and two reverse splits across multiple inverse ETFs announced in May 2025. No recent partnerships, acquisitions, funding rounds, or new product launches specific to SBIT were reported in 2025, though ProShares continued expanding its cryptocurrency-related offerings, including XRP futures-based ETFs earlier in the year.