Proshares Ultra Bitcoin ETF (BITU)Digital Assets | Exchange Traded Fund | NYSEArca
13.44 USD
-0.87
(-6.080%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 13.50 +0.06 (0.446%) ⇧ (Aug. 28, 2026, 7:57 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 5:28 a.m. EDT
The long-term investment case is fundamentally broken due to the instrument's structure. This is a leveraged ETF designed for daily rebalancing, which causes 'decay' or compounding losses over periods where the underlying asset is flat or volatile. The data confirms this: while Bitcoin rose significantly over the last year, this fund lost 31% during the same period. The recent price action shows a recovery, but the structural drag remains a permanent feature, not a temporary glitch. The massive dividend yield of 22% is not a sign of profitability; it is the result of the fund distributing its accumulated losses to shareholders to maintain its net asset value, effectively eroding capital. The options market reflects this uncertainty with bizarre pricing at extreme strikes, showing traders hedging for a crash or a miracle rather than trading a trend. Given the mechanical decay and the lack of a sustainable business model, this security is unsuitable for long-term holding. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.172032 |
| AutoETS | 0.181958 |
| AutoTheta | 0.385151 |
| AutoARIMA | 0.510887 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 21% |
| H-stat | 10.86 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.000 |
| Excess Kurtosis | 1.26 |
As of Aug. 22, 2026, 5:28 a.m. EDT: Speculators are positioning for extreme volatility rather than a specific directional outcome. Call volume is heavily skewed toward deep out-of-the-money strikes (4.0 strike) with massive implied volatility spikes, suggesting a bet on a massive crash or a speculative 'moon' scenario. Conversely, put volume is concentrated in deep out-of-the-money strikes (29.73 strike) with similar IV anomalies, indicating a hedge against a total collapse. The heavy concentration of Open Interest in deep OTM calls and puts suggests the market is pricing in binary, high-amplitude moves rather than a steady trend.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.20% | 31.08% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-08-03 | 0.019 | 0.203863 |
| 2026-07-01 | 0.014 | 0.166074 |
| 2026-06-01 | 0.013 | 0.104839 |
| 2026-05-01 | 0.015 | 0.098490 |
| 2026-04-01 | 0.013 | 0.110827 |
| 2026-03-02 | 0.023 | 0.184739 |
| 2026-02-02 | 0.030 | 0.178465 |
| 2025-12-24 | 5.725 | 26.010904 |
| 2025-12-01 | 0.427 | 1.567548 |
| 2025-11-03 | 0.401 | 0.904783 |
| 2025-10-01 | 0.327 | 0.585287 |
| 2025-09-02 | 0.492 | 0.965842 |
| 2025-08-01 | 0.966 | 1.765351 |
| 2025-07-01 | 0.177 | 0.359172 |
| 2025-06-02 | 0.575 | 1.157175 |
| 2025-03-03 | 0.791 | 2.090933 |
| 2025-02-03 | 1.214 | 2.196888 |
| 2024-12-23 | 0.005 | 0.010093 |
| 2024-08-01 | 0.008 | 0.028129 |
| 2024-07-01 | 0.015 | 0.050813 |
| 2024-06-03 | 0.018 | 0.049288 |
| 2024-05-01 | 0.015 | 0.058594 |
| Attribute | Value |
|---|---|
| All Time High | 68.43 |
| All Time Low | 7.92 |
| Ask | 13.46 |
| Ask Size | 12,700 |
| Average Daily Volume10 Day | 7,040,620 |
| Average Daily Volume3 Month | 4,985,243 |
| Average Volume | 4,985,243 |
| Average Volume10Days | 7,040,620 |
| Beta3 Year | 0.0 |
| Bid | 13.36 |
| Bid Size | 14,600 |
| Category | Digital Assets |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 14.29 |
| Day Low | 13.205 |
| Dividend Yield | 22.18 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 9.8394 |
| Fifty Day Average Change | 3.6005993 |
| Fifty Day Average Change Percent | 0.36593688 |
| Fifty Two Week Change Percent | -71.90813 |
| Fifty Two Week High | 64.4 |
| Fifty Two Week High Change | -50.960003 |
| Fifty Two Week High Change Percent | -0.79130435 |
| Fifty Two Week Low | 7.92 |
| Fifty Two Week Low Change | 5.5199995 |
| Fifty Two Week Low Change Percent | 0.6969696 |
| Fifty Two Week Range | 7.92 - 64.4 |
| First Trade Date Milliseconds | 1,712,064,600,000 |
| Full Exchange Name | NYSEArca |
| Fullday Change | -0.870001 |
| Fullday Change Percent | -6.07967 |
| Fullday Price | 13.4999 |
| Fund Family | ProShares |
| Fund Inception Date | 1,711,929,600 |
| 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 index is designed to measure the performance of a single bitcoin traded in USD and seeks to provide a proxy for the bitcoin market. Under normal circumstances, the fund will invest at least 80% of the fund’s assets in, or provide exposure to, financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the daily target. The fund is non-diversified. |
| Long Name | Proshares Ultra Bitcoin ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1870963238 |
| Nav Price | 13.8224 |
| Net Assets | 337,965,440.0 |
| Net Expense Ratio | 0.98 |
| Open | 14.06 |
| Post Market Change | 0.059900284 |
| Post Market Change Percent | 0.44568664 |
| Post Market Price | 13.4999 |
| Post Market Time | 1,787,961,463 |
| Previous Close | 14.31 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.870001 |
| Regular Market Change Percent | -6.07967 |
| Regular Market Day High | 14.29 |
| Regular Market Day Low | 13.205 |
| Regular Market Day Range | 13.205 - 14.29 |
| Regular Market Open | 14.06 |
| Regular Market Previous Close | 14.31 |
| Regular Market Price | 13.44 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 4,695,666 |
| Short Name | ProShares Ultra Bitcoin ETF |
| Source Interval | 15 |
| Symbol | BITU |
| Total Assets | 337,965,440 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -37.11977 |
| Trailing Three Month Returns | -37.11977 |
| Triggerable | 1 |
| Two Hundred Day Average | 16.3319 |
| Two Hundred Day Average Change | -2.8919 |
| Two Hundred Day Average Change Percent | -0.17707065 |
| Type Disp | ETF |
| Volume | 4,695,666 |
| Yield | 0.2218 |
| Ytd Return | -58.54096 |