SBITProShares UltraShort Bitcoin ETF
Seeks daily investment results that correspond to -2x the daily performance of the Bloomberg Bitcoin Index.
By ProShares · Launched 2024
0.97%
#5,024 of 5,854 · expensive
$219M
#2,290 of 5,854 · mid-size
+112.3%
2 years
#3,426 of 5,854 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightAsset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results that correspond to -2x the daily performance of the Bloomberg Bitcoin Index.
- Strategy
- Invests in derivatives to achieve daily returns that correspond to two times the inverse (-2x) of bitcoin's price. The Fund uses swap agreements to gain inverse leveraged exposure to the Bloomberg Bitcoin Index, aiming to rebalance daily to maintain this target exposure.
- Inception date
- April 1, 2024
- Fund family
- ProShares
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can be right and still lose
This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.
Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-03