Key statistics
Previous close$8.72
Open$8.58
Day high$8.74
Day low$8.46
52-week high$23.13
52-week low$7.87
Market cap1.77B
Volume639.29M
Average volume212.53M
P/E ratio—
Forward P/E—
EPS—
Dividend yield0.00%
Market context
Why it moved
BITO edged slightly lower amid a modest decline in Bitcoin prices, with the CoinDesk Bitcoin Price Index slipping and ongoing structural headwinds—including futures roll costs, a high expense ratio, and bearish short-term technical signals—continuing to weigh on the ETF's performance.
What is happening
Recent company-specific developments and publisher coverage.
July 18, 2026ProShares Bitcoin ETF closed modestly lower as Bitcoin edged down amid a broad risk-off session on Wall Street, with the S&P 500 falling 1% and the Nasdaq dropping 1.4%. Sentiment was rattled by China's Moonshot AI unveiling Kimi K3 — a powerful open-source model rivaling top U.S. AI systems — rekindling competition fears and hammering chip stocks into a technical bear market. Compounding crypto headwinds, U.S.-Iran military escalation drove oil prices sharply higher, stoking inflation concerns and lifting Fed rate-hike odds, while BITO saw $12 million in outflows earlier in the week as traders trimmed bitcoin futures exposure.-0.344
July 17, 2026ProShares Bitcoin Strategy ETF edged lower as Bitcoin struggled to hold gains despite softer-than-expected June CPI data, with the cryptocurrency sulking below the $65,000 level amid a broader crypto chill. Persistent outflows have weighed on BITO — investors pulled $12.14 million on July 13 following a $35.49 million redemption on July 10 — as rising U.S.-Iran geopolitical tensions, elevated oil prices, and renewed Fed rate-hike bets kept risk appetite in check for crypto-exposed assets.-0.9091
July 16, 2026The ProShares Bitcoin Strategy ETF edged up modestly, tracking Bitcoin's recovery to around $64,900 — a three-week high — after a cooler-than-expected June CPI report eased Federal Reserve rate-hike fears. However, the backdrop remains cautious: the fund logged a notable $35.49 million single-day outflow on July 10, and Bitcoin remains roughly 50% below its October 2025 all-time high near $124,000. Ongoing U.S.-Iran tensions around the Strait of Hormuz, elevated oil prices, and lingering Fed tightening odds continue to weigh on sentiment for risk assets.0.5714
July 15, 2026ProShares Bitcoin Strategy ETF rallied alongside Bitcoin, which surged 4.1% to roughly $64,700 after a cooler-than-expected June CPI report showed headline inflation slowing to 3.5% — its lowest reading since 2020 — easing near-term fears of a Federal Reserve rate hike. The inflation relief helped reduce the odds of a July hike, boosting risk assets broadly, even as U.S.-Iran tensions and rising oil prices remain headwinds; volumes ran more than double the average, reflecting elevated investor interest, while BITO continues to trade roughly 50% below Bitcoin's October 2025 all-time high near $124,000.3.673
July 14, 2026ProShares Bitcoin Strategy ETF declined as Bitcoin fell below $63,000 amid a broad risk-off selloff triggered by renewed U.S.-Iran military strikes, which sent oil prices surging and dampened appetite for speculative assets. Compounding the pressure, BITO saw notable AUM outflows — losing roughly 2.5% of assets in a single session on July 10 — as investors continued to reduce exposure during Bitcoin's three-month slide, with Fidelity's macro strategist noting Bitcoin is approaching a key power law support level near $58,000 and cautioning that no clear reversal catalyst is visible until global liquidity conditions improve.-2.6528
July 11, 2026ProShares Bitcoin Strategy ETF closed up 1.17%, outperforming the broader financial sector (XLF flat in after-hours) as Bitcoin posted a positive week, buoyed by improving risk appetite and tailwinds from AI and tech equity strength. Despite BITO logging modest net outflows of $1.73 million on July 8, the ETF's futures-based strategy has drawn attention for generating a ~50% distribution yield over the past year through rolling Bitcoin futures gains. Analysts note that sustained institutional inflows into spot Bitcoin ETFs remain the key variable for a durable crypto recovery, as Bitcoin trades roughly 25% below its November 2025 peak.1.1669
July 10, 2026ProShares Bitcoin Strategy ETF closed higher, rising about 1.5%, as Bitcoin gained roughly 1.5% on easing fears around Strategy's bitcoin treasury after the firm had briefly turned a net seller. Bitcoin remains approximately 25% below its November 2025 peak near $116,400, keeping BITO near 52-week lows, while fresh outflows reported earlier in the week signal waning speculative appetite. A notable article highlighted BITO's 50% distribution yield from its rolling futures strategy, drawing attention to the fund amid a volatile macro backdrop including renewed US-Iran hostilities and divided Fed minutes.1.5403
July 9, 2026ProShares Bitcoin Strategy ETF declined amid a broad risk-off session triggered by President Trump declaring the U.S.-Iran ceasefire 'over,' sending oil prices surging over 6% and rattling global markets. Compounding the pressure, Bitcoin has been in a broader three-month downtrend with spot Bitcoin ETFs continuing to see net outflows — including a $19 million redemption from BITO on July 2 — as institutional appetite for crypto exposure wanes and analysts note that whale activity, not institutional inflows, has driven recent BTC price moves.-2.4277
24/7 Wall St. · June 23, 2026BITO's 0.95% Fee Is Only Half the Problem. Here's Why Bitcoin Futures Cost You 2.9% Annually↗Pluang · April 20, 2026ProShares Bitcoin ETF cuts distributions amid m...↗24/7 Wall St. · February 26, 2026Bitcoin at $66,800 Makes BITO Look Awfully Tempting↗TradingView · December 14, 2025Why oil-rich investors are fueling Bitcoin’s next liquidity wave↗ Mt Newswire · June 25, 2026Exchange-Traded Funds, US Equities Mixed After MiddayMt Newswire · June 11, 2026Exchange-Traded Funds Rise as US Equities Advance After MiddayMt Newswire · May 26, 2026Exchange-Traded Funds Rise, US Equities Mixed After MiddayMt Newswire · May 20, 2026Exchange-Traded Funds Move Higher as US Equities Rise After MiddayMt Newswire · May 18, 2026Exchange-Traded Funds Decline, US Equities Mixed After MiddayMt Newswire · April 15, 2026Exchange-Traded Funds, US Equities Mixed After MiddayMt Newswire · March 13, 2026Exchange-Traded Funds Drop, US Equities Mixed After MiddayMt Newswire · February 23, 2026Exchange-Traded Funds Decline as US Equities Fall After Midday
