SBITProShares UltraShort Bitcoin ETF

Take a bet2y track recordRanked #166 of 995 in this goal

Seeks daily investment results that correspond to -2x the daily performance of the Bloomberg Bitcoin Index.

By ProShares · Launched 2024

Annual Cost

0.97%

#5,177 of 6,040 · expensive

Fund Size

$153M

#2,696 of 6,040 · mid-size

Return (1Y)

+39.2%

Track Record

2 years

#3,440 of 6,040 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$13,641+36.4%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Cryptocurrency

Strategy

Inverse

Index tracked

Bloomberg Bitcoin Index

Holdings

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

N/A

9.1%

Repurchase Agreement

5.4%

Repurchase Agreement

2.7%

Repurchase Agreement

2.7%

Repurchase Agreement

1.6%

Repurchase Agreement

1.6%

Repurchase Agreement

1.3%

N/A

1.1%

Repurchase Agreement

1.1%

Repurchase Agreement

1.1%

Asset allocation

Cash

70.9%

Other

29.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

90.3%High

Year-on-year price swings

Max drawdown

-91.4%Severe

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

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