BITO 📈 ProShares Bitcoin Strategy - Overview
Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US74347G4405 • Digital Assets
BITO: Bitcoin, Futures, Contracts
The fund adviser seeks to achieve its investment objective primarily through managed exposure to bitcoin futures contracts. The fund does not invest directly in bitcoin. The fund adviser will generally hold its bitcoin futures contracts during periods in which the value of bitcoin and bitcoin futures are flat or declining as well as during periods in which the value of bitcoin or bitcoin futures is rising. It is non-diversified.
Additional Sources for BITO ETF
News:
Wall Street Journal
Benzinga
Yahoo Finance
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
BITO ETF Overview
Market Cap in USD | 2,697m |
Category | Digital Assets |
TER | 0.95% |
IPO / Inception | 2021-10-18 |
BITO ETF Ratings
Growth 5y | 31.6% |
Fundamental | - |
Dividend | 83.8% |
Rel. Strength Industry | 319 |
Analysts | - |
Fair Price Momentum | 35.10 USD |
Fair Price DCF | - |
BITO Dividends
Dividend Yield 12m | 53.27% |
Yield on Cost 5y | 68.93% |
Annual Growth 5y | 104.04% |
Payout Consistency | 100.0% |
BITO Growth Ratios
Growth Correlation 3m | 93.9% |
Growth Correlation 12m | 51.2% |
Growth Correlation 5y | 44.4% |
CAGR 5y | 8.41% |
CAGR/Mean DD 5y | 0.19 |
Sharpe Ratio 12m | 1.50 |
Alpha | 86.09 |
Beta | 0.87 |
Volatility | 62.38% |
Current Volume | 8575.5k |
Average Volume 20d | 10378.9k |
What is the price of BITO stocks?
As of December 27, 2024, the stock is trading at USD 24.25 with a total of 8,575,481 shares traded.
Over the past week, the price has changed by -1.58%, over one month by +3.61%, over three months by +54.02% and over the past year by +117.56%.
As of December 27, 2024, the stock is trading at USD 24.25 with a total of 8,575,481 shares traded.
Over the past week, the price has changed by -1.58%, over one month by +3.61%, over three months by +54.02% and over the past year by +117.56%.
Is ProShares Bitcoin Strategy a good stock to buy?
Neither. Based on ValueRay Analyses, ProShares Bitcoin Strategy is currently (December 2024) neither a good nor a bad stock to buy. It has a ValueRay Growth Rating of 31.55 and therefor a technical neutral rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of BITO as of December 2024 is 35.10. This means that BITO is currently undervalued and has a potential upside of +44.74% (Margin of Safety).
Neither. Based on ValueRay Analyses, ProShares Bitcoin Strategy is currently (December 2024) neither a good nor a bad stock to buy. It has a ValueRay Growth Rating of 31.55 and therefor a technical neutral rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of BITO as of December 2024 is 35.10. This means that BITO is currently undervalued and has a potential upside of +44.74% (Margin of Safety).
Is BITO a buy, sell or hold?
ProShares Bitcoin Strategy has no consensus analysts rating.
ProShares Bitcoin Strategy has no consensus analysts rating.
What are the forecast for BITO stock price target?
According to ValueRays Forecast Model, BITO ProShares Bitcoin Strategy will be worth about 38.9 in December 2025. The stock is currently trading at 24.25. This means that the stock has a potential upside of +60.29%.
According to ValueRays Forecast Model, BITO ProShares Bitcoin Strategy will be worth about 38.9 in December 2025. The stock is currently trading at 24.25. This means that the stock has a potential upside of +60.29%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | - | - |
Analysts Target Price | - | - |
ValueRay Target Price | 38.9 | 60.3% |