(BITI) ProShares Trust - ProShares - Ratings and Ratios
Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US74347G2912 • Trading--Miscellaneous
BITI: Bitcoin, Futures, Contracts
The ProShares Short Bitcoin Strategy ETF (BITI) is designed to provide daily returns that correspond to the inverse (-1x) of the daily performance of Bitcoin. It achieves this by primarily investing in short positions in Bitcoin futures contracts. The fund is non-diversified, meaning it can concentrate its holdings in a limited number of securities, which in this case are Bitcoin futures. This structure allows the ETF to offer a direct way for investors to gain exposure to potential declines in Bitcoins price without directly holding the cryptocurrency.
As a trading ETF, BITI is categorized under Miscellaneous due to its unique strategy of shorting Bitcoin futures. It is listed on the NYSE ARCA, a popular exchange for ETFs. The funds average daily trading volume of 2.15 million shares over the past 20 days indicates moderate liquidity, making it accessible for both retail and institutional investors. The funds assets under management (AUM) of $100.05 million reflect a significant but not overwhelming investor base, suggesting steady interest in its short Bitcoin exposure.
From a technical perspective, BITIs price of $25.42 is currently above its 20-day and 50-day simple moving averages (SMAs) of $23.91 and $23.06, respectively. However, it remains below its 200-day SMA of $32.36, indicating longer-term downward pressure. The Average True Range (ATR) of 1.03 suggests relatively moderate volatility compared to other Bitcoin-related investment vehicles.
Based on the provided data, the 3-month outlook for BITI can be analyzed as follows:
Over the next three months, BITIs price is expected to remain range-bound, influenced by the intersection of its 20-day and 50-day SMAs at $23.91 and $23.06, respectively. The 200-day SMA at $32.36 may act as a resistance level, capping potential upside. The ATR of 1.03 suggests that price fluctuations will likely remain moderate, with daily price movements expected to stay within a $1 range on average. Support levels may emerge near the current SMA values, while resistance could be tested at higher levels.
From a fundamental perspective, BITIs AUM of $100.05 million indicates a stable investor base. This suggests that the ETF may continue to attract moderate inflows or outflows depending on broader market sentiment toward Bitcoin. The funds focus on shorting Bitcoin futures positions it as a hedge or speculative tool for investors seeking to capitalize on Bitcoins price declines. However, the non-diversified nature of the fund means it may exhibit higher volatility compared to diversified ETFs.
Additional Sources for BITI ETF
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
BITI ETF Overview
| Market Cap in USD | 82m |
| Category | Trading--Miscellaneous |
| TER | 1.33% |
| IPO / Inception | 2022-06-21 |
BITI ETF Ratings
| Growth 5y | -69.4% |
| Fundamental | - |
| Dividend | 37.7% |
| Rel. Strength Industry | -39.3 |
| Analysts | - |
| Fair Price Momentum | 18.53 USD |
| Fair Price DCF | - |
BITI Dividends
| Dividend Yield 12m | 2.31% |
| Yield on Cost 5y | 0.37% |
| Annual Growth 5y | 87.94% |
| Payout Consistency | 63.3% |
BITI Growth Ratios
| Growth Correlation 3m | 63% |
| Growth Correlation 12m | -75.4% |
| Growth Correlation 5y | -96.3% |
| CAGR 5y | -52.54% |
| CAGR/Max DD 5y | -0.58 |
| Sharpe Ratio 12m | 0.90 |
| Alpha | -28.20 |
| Beta | -1.00 |
| Volatility | 56.99% |
| Current Volume | 650.7k |
| Average Volume 20d | 1726.7k |
As of March 26, 2025, the stock is trading at USD 24.60 with a total of 650,680 shares traded.
Over the past week, the price has changed by -6.96%, over one month by -1.99%, over three months by +5.46% and over the past year by -31.95%.
No, based on ValueRay Analyses, ProShares Trust - ProShares (NYSE ARCA:BITI) is currently (March 2025) a stock to sell. It has a ValueRay Growth Rating of -69.40 and therefor a clear technical negative rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of BITI as of March 2025 is 18.53. This means that BITI is currently overvalued and has a potential downside of -24.67%.
ProShares Trust - ProShares has no consensus analysts rating.
According to ValueRays Forecast Model, BITI ProShares Trust - ProShares will be worth about 20 in March 2026. The stock is currently trading at 24.60. This means that the stock has a potential downside of -18.66%.
| Issuer | Forecast | Upside |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 20 | -18.7% |