BITI | ProShares Short Bitcoin Strategy ETF | ProShares
1 morning star. based on assets under management as of 05/31/22.
investors could lose the entire value of their investment in a single day.
Reading: Proshares bitcoin etf
the proshares bitcoin short strategy etf seeks a return that is -1x the return of its underlying benchmark: the s&p cme bitcoin futures index (“target”) for a single day, as measured from one navigation calculation to the next, and not for any other period. Due to the composition of daily returns, holding periods of more than one day may result in returns significantly different than the target return. Fund returns in non-day periods are likely to differ in amount and possibly in direction from the target return for the same period. these effects may be more pronounced due to the high volatility associated with this fund’s benchmark. investors should monitor their holdings on a daily basis. Investors should refer to the prospectus for further details on the calculation of returns and the risks associated with investing in this product.
There is no guarantee that the fund will achieve its investment objective. this fund may not be suitable for all investors.
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Investing involves risk, including possible loss of principal. The fund is not diversified and carries certain risks, including the risk associated with the use of derivatives (e.g. futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price changes, all of which can increase volatility and decrease performance. The fund should lose money when the daily bitcoin futures price rises. Please refer to the summary and full prospectus for a more complete description of the risks.
bitcoin and bitcoin futures are a relatively new asset class and the bitcoin market is subject to rapid change and uncertainty. bitcoin and bitcoin futures are subject to unique and substantial risks, including significant price volatility and illiquidity. The value of an investment in the ETF could decline significantly and without warning, even to zero.
The ETF does not directly invest in or own bitcoins. Bitcoin futures price and performance should be expected to differ from current bitcoin “spot” prices (the prices of bitcoin that can be bought immediately). these differences can be significant. Bitcoin futures are subject to margin requirements, collateral requirements, and other limits that may prevent the ETF from achieving its objective. Margin requirements for futures and the costs associated with rolling (buying and selling) futures can have a negative impact on the fund’s performance and your ability to achieve your investment objective.
bitcoin is largely unregulated and bitcoin investments can be more susceptible to fraud and manipulation than more regulated investments. bitcoin and bitcoin futures are subject to rapid price changes, including as a result of actions and statements by influencers and the media, changes in supply and demand for bitcoin and bitcoin futures contracts, and other factors.
Carefully consider the investment objectives, risks, charges and expenses of pro-equity stocks before investing. This and other information can be found in the ETF’s full summary and prospectuses. Please read them carefully before investing.
See also: Sharesight release notes – March 2022
Shares of any ETF are generally bought and sold at the market price (not market price) and are not redeemed individually from the fund. your brokerage fees will reduce returns
“s&p cme bitcoin futures index” is a product of s&p dow jones indices llc or its affiliates (“spdji”), and has been licensed for use by proshares. s&p® is a registered trademark of s&p global, inc. or its affiliates (“s&p”); dow jones® is a registered trademark of dow jones brand holdings llc (“dow jones”); “cme” is a registered trademark of cme group, inc. and these trademarks have been licensed for use by spdji and sub-licensed for certain purposes by proshares. proshares is not sponsored, endorsed, sold or promoted by spdji, dow jones, s&p, their respective affiliates , or cme group and neither of those parties makes any representation regarding the advisability of investing in said product(s) nor have any responsibility for any errors, omissions or interruptions of the bitcoin s&p cme futures index. These entities and their affiliates make no guarantees and assume no liability with respect to proshares.
ProShares ETFs (ProShares Trust and ProShares Trust II) are distributed by Sei Investments Distribution Co., which is not affiliated with the fund’s adviser or sponsor.
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