SBIT

ProShares UltraShort Bitcoin ETF

$40.07

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The ProShares UltraShort Bitcoin ETF (SBIT) seeks to provide daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Bitcoin Price Index.

Overview

ETF tracking ProShares UltraShort Bitcoin ETF

Category Leveraged

Issuer ProShares

Inception Date 2024-04-02

Market Cap $97.0M

Average Volume N/A

Dividend Yield 0.45%

52-Week Range $23.98 - $74.05

VWAP $39.10

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The ProShares UltraShort Bitcoin ETF (SBIT) seeks to provide daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Bitcoin Price Index.

🎯 Investment Strategy

SBIT uses a range of financial instruments, such as swap agreements and futures contracts, to provide leveraged inverse exposure to the price of Bitcoin. The fund aims to generate gains when the price of Bitcoin declines.

✨ Key Features

Provides -2x daily leveraged exposure to the price of Bitcoin
Designed for short-term trading and not long-term buy-and-hold investing
Utilizes derivatives to achieve its leveraged inverse objective
Has not yet accumulated any assets under management

⚠️ Primary Risks

Extremely high volatility and risk due to the leveraged nature of the fund
Potential for significant losses if the price of Bitcoin increases
Derivative instruments used by the fund carry additional risks
Lack of a performance history makes it difficult to assess long-term viability

👤 Best For

SBIT is intended for experienced, sophisticated investors who have a high risk tolerance and are looking for a way to potentially profit from declines in the price of Bitcoin on a short-term basis. This fund is not suitable for long-term buy-and-hold investors or those with a low risk appetite.