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ProShares Bitcoin ETF

BITO · AMEX

Market open$8.57$-0.152100 (-1.74%)

Key statistics

Previous close$8.72
Open$8.51
Day high$8.61
Day low$8.46
52-week high$23.13
52-week low$7.87
Market cap1.75B
Volume162.23M
Average volume205.53M
P/E ratio—
Forward P/E—
EPS—
Dividend yield0.00%

Market context

Why it moved

Despite a softer-than-expected inflation report boosting broader markets and Bitcoin seeing buying interest, BITO experienced a marginal decline as geopolitical risks and Bitcoin holding below key resistance levels tempered gains, even amid exceptionally high trading volume at over 200% of its daily average.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026ProShares Bitcoin Strategy ETF is declining as Bitcoin struggles amid a broad risk-off environment driven by a deepening semiconductor selloff, renewed US-Iran geopolitical tensions, and worries over the sustainability of the AI-driven rally. Bitcoin failed to sustain a brief rally following last week's softer-than-expected CPI data, with geopolitical headwinds — including US airstrikes on Iran reigniting oil supply fears — and a rotation out of risk assets weighing on crypto. The broader financial services sector ETF (XLF) is trading near 52-week highs in contrast, highlighting the divergence between traditional finance and crypto-linked assets, while BITO itself remains near its 52-week low.

-1.7775

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% Annually24/7 Wall St. · February 26, 2026Bitcoin at $66,800 Makes BITO Look Awfully TemptingBusiness Wire · February 4, 2026ProShares Launches KRYP, the First CoinDesk 20 Crypto ETFTradingView · December 14, 2025Why oil-rich investors are fueling Bitcoin’s next liquidity wave
Mt Newswire · June 25, 2026Exchange-Traded Funds, US Equities Mixed After Midday
Mt Newswire · June 11, 2026Exchange-Traded Funds Rise as US Equities Advance After Midday
Mt Newswire · May 26, 2026Exchange-Traded Funds Rise, US Equities Mixed After Midday
Mt Newswire · May 20, 2026Exchange-Traded Funds Move Higher as US Equities Rise After Midday
Mt Newswire · May 18, 2026Exchange-Traded Funds Decline, US Equities Mixed After Midday
Mt Newswire · April 15, 2026Exchange-Traded Funds, US Equities Mixed After Midday
Mt Newswire · March 13, 2026Exchange-Traded Funds Drop, US Equities Mixed After Midday
Mt Newswire · February 23, 2026Exchange-Traded Funds Decline as US Equities Fall After Midday

Peers

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