ProShares Short Bitcoin ETF (BITI)Trading--Miscellaneous | Exchange Traded Fund | NYSEArca
25.96 USD
+0.67
(2.649%)
⇧
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 6:14 a.m. EDT
This instrument is a leveraged bet against Bitcoin, and the data confirms a market expecting continued weakness. The long-term outlook is catastrophic: the fund has lost nearly 91% of its value over the last three years, with every single year showing a double-digit decline. This is not a value trap; it is a structural collapse of the underlying asset's price. While the fund pays a yield, it is an artificial construct of the fund's decay mechanism, not a sustainable income stream from a healthy business. The short-term picture is mixed; the fund recently rallied as Bitcoin fell, but the statistical forecast model offers almost no directional guidance, and the heavy put buying suggests traders are still bracing for further drops. Holding this long-term is a losing proposition; it is only suitable for tactical, short-duration trades anticipating a continuation of the crypto bear market. |
| Model | MAE |
|---|---|
| MSTL_68 ✓ | 0.074702 |
| MSTL | 0.083479 |
| AutoETS | 0.083487 |
| MSTL_68_85 | 0.088326 |
| MSTL_85 | 0.100872 |
| AutoTheta | 0.105986 |
| AutoARIMA | 0.122780 |
Forecast horizon: 60 days | Selected: MSTL_68
| Forecast Reliability | |
|---|---|
| Score | 42% |
| H-stat | 2.88 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.129 |
| Excess Kurtosis | -1.15 |
As of July 11, 2026, 6:14 a.m. EDT: Speculators are aggressively positioning for a massive decline in the underlying asset (Bitcoin), evidenced by heavy put volume and open interest at strikes significantly below current levels (e.g., $5, $10, $14). Conversely, there is substantial call open interest at extreme upside targets ($40, $44), suggesting a 'long gamma' or straddle strategy betting on high volatility rather than a specific directional move. The implied volatility surface shows massive spikes for deep out-of-the-money puts, indicating fear of a sharp drop, while call IV remains relatively lower except at the furthest strikes.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 5.37% | 15.26% | 6.68% | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-07-01 | 1.449 | 5.372636 |
| 2026-06-01 | 0.238 | 0.983878 |
| 2026-05-01 | 0.197 | 0.884598 |
| 2026-04-01 | 0.591 | 2.277457 |
| 2026-03-02 | 0.953 | 3.604387 |
| 2026-02-02 | 0.314 | 1.240126 |
| 2025-12-24 | 0.042 | 0.180879 |
| 2025-12-01 | 0.019 | 0.079431 |
| 2025-11-03 | 0.023 | 0.117828 |
| 2025-10-01 | 0.033 | 0.184874 |
| 2025-09-02 | 0.030 | 0.158144 |
| 2025-08-01 | 0.032 | 0.171123 |
| 2025-07-01 | 0.034 | 0.169154 |
| 2025-06-02 | 0.029 | 0.142998 |
| 2025-05-01 | 0.035 | 0.159526 |
| 2025-04-01 | 0.038 | 0.149547 |
| 2025-03-03 | 0.031 | 0.120764 |
| 2025-02-03 | 0.025 | 0.113792 |
| 2024-12-23 | 0.051 | 0.211530 |
| 2024-12-02 | 0.028 | 0.118644 |
| 2024-11-01 | 0.065 | 0.192024 |
| 2024-10-01 | 0.075 | 0.195822 |
| 2024-09-03 | 0.085 | 0.206311 |
| 2024-08-01 | 0.095 | 0.242347 |
| 2024-07-01 | 0.080 | 0.200250 |
| 2024-06-03 | 0.100 | 0.272109 |
| 2024-05-01 | 0.100 | 0.220994 |
| 2024-04-01 | 0.075 | 0.200267 |
| 2024-03-01 | 0.095 | 0.221963 |
| 2024-02-01 | 0.090 | 0.141956 |
| 2023-12-20 | 0.190 | 0.300633 |
| 2023-12-01 | 0.205 | 0.285515 |
| 2023-11-01 | 0.170 | 0.210657 |
| 2023-10-02 | 0.225 | 0.222113 |
| 2023-09-01 | 0.290 | 0.261144 |
| 2023-08-01 | 0.225 | 0.229826 |
| 2023-07-03 | 0.255 | 0.278081 |
| 2023-06-01 | 0.330 | 0.304428 |
| 2023-05-01 | 0.145 | 0.137181 |
| 2023-04-03 | 0.050 | 0.047393 |
| 2023-03-01 | 0.035 | 0.025669 |
| 2023-02-01 | 0.070 | 0.051546 |
| 2022-12-22 | 0.130 | 0.065376 |
| Attribute | Value |
|---|---|
| All Time High | 228.05 |
| All Time Low | 8.06 |
| Ask | 0.0 |
| Ask Size | 10,400 |
| Average Daily Volume10 Day | 1,217,440 |
| Average Daily Volume3 Month | 1,638,422 |
| Average Volume | 1,638,422 |
| Average Volume10Days | 1,217,440 |
| Beta3 Year | -41.53 |
| Bid | 0.0 |
| Bid Size | 4,300 |
| Category | Trading--Miscellaneous |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 26.1398 |
| Day Low | 25.69 |
| Dividend Yield | 8.63 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 24.9284 |
| Fifty Day Average Change | 1.031599 |
| Fifty Day Average Change Percent | 0.04138248 |
| Fifty Two Week Change Percent | 43.267105 |
| Fifty Two Week High | 30.935 |
| Fifty Two Week High Change | -4.9750004 |
| Fifty Two Week High Change Percent | -0.1608211 |
| Fifty Two Week Low | 16.575 |
| Fifty Two Week Low Change | 9.384998 |
| Fifty Two Week Low Change Percent | 0.566214 |
| Fifty Two Week Range | 16.575 - 30.935 |
| First Trade Date Milliseconds | 1,655,818,200,000 |
| Full Exchange Name | NYSEArca |
| Fund Family | ProShares |
| Fund Inception Date | 1,655,769,600 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the daily target. It seeks to benefit from decreases in the price of bitcoin futures contracts for a single day. The index is designed to measure the performance of a single bitcoin traded in USD and seeks to provide a proxy for the bitcoin market. It is non-diversified. |
| Long Name | ProShares Short Bitcoin ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1778087874 |
| Nav Price | 25.293 |
| Net Assets | 144,245,696.0 |
| Net Expense Ratio | 1.01 |
| Open | 25.88 |
| Pre Market Change | -0.26000023 |
| Pre Market Change Percent | -1.0011561 |
| Pre Market Price | 25.71 |
| Pre Market Time | 1,784,031,497 |
| Previous Close | 25.29 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.669998 |
| Regular Market Change Percent | 2.64926 |
| Regular Market Day High | 26.1398 |
| Regular Market Day Low | 25.69 |
| Regular Market Day Range | 25.69 - 26.1398 |
| Regular Market Open | 25.88 |
| Regular Market Previous Close | 25.29 |
| Regular Market Price | 25.96 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 649,387 |
| Short Name | ProShares Short Bitcoin ETF |
| Source Interval | 15 |
| Symbol | BITI |
| Three Year Average Return | -0.29422832 |
| Total Assets | 144,245,696 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 13.48034 |
| Trailing Three Month Returns | 13.48034 |
| Triggerable | 1 |
| Two Hundred Day Average | 23.52215 |
| Two Hundred Day Average Change | 2.437849 |
| Two Hundred Day Average Change Percent | 0.10364057 |
| Type Disp | ETF |
| Volume | 649,387 |
| Yield | 0.0863 |
| Ytd Return | 36.85971 |