What is Bito ETF?

BITO provides exposure to bitcoin returns in an ETF wrapper. The fund does not invest directly in bitcoin. The fund will invest in cash settled, front-month bitcoin futures, traded on commodity exchanges registered with the Commodity Futures Trading Commission (CFTC), such as the CME Futures Exchange.

Does Bito invest in Bitcoin?

By the time BITO began trading on the NYSE ARCA in October of 2021, several other fund managers, including VanEck, Grayscale, Valkyrie, and Invesco, planned to launch similar crypto ETFs. The ProShares Bitcoin Strategy ETF does not invest directly in bitcoin. To achieve its strategy to track the price of bitcoin, BITO holds bitcoin futures.

What is ProShares bitcoin strategy ETF (Bito)?

The ProShares Bitcoin Strategy ETF ( BITO) is an exchange-traded fund that tracks the price of bitcoin cryptocurrency, less fund expenses. The expense ratio has been originally set at 0.95%. T he first bitcoin-linked ETF available on the market, BITO began trading on the NYSE ARCA exchange on October 19, 2021.

What is Bito?

What is BITO? BITO actively manages a portfolio of front-month CME bitcoin futures. All returns over 1 year are annualized. All returns are total returns unless otherwise stated. Bitcoin ETFs, 2022’s worst-performing funds, savaged by cascading failures. Application for bitcoin futures fund comes as troubles mount.