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Is there a Bitcoin ETF offered by ProShares?

avatarMikehawkcandiceDec 16, 2021 · 3 years ago3 answers

Can you provide information about whether ProShares offers a Bitcoin ETF? I'm interested in investing in Bitcoin and would like to know if ProShares has an ETF available.

Is there a Bitcoin ETF offered by ProShares?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, ProShares offers a Bitcoin ETF called 'ProShares Bitcoin Strategy ETF' (ticker: BITO). It provides investors with exposure to Bitcoin through futures contracts. The ETF aims to track the performance of the Bitcoin futures market and does not directly hold Bitcoin. It can be traded on major stock exchanges like NYSE and NASDAQ.
  • avatarDec 16, 2021 · 3 years ago
    Unfortunately, ProShares does not currently offer a Bitcoin ETF. However, there are other options available in the market. You can consider looking into other ETF providers like Grayscale or Valkyrie, which offer Bitcoin ETFs. Additionally, you can also explore investing in Bitcoin directly through cryptocurrency exchanges.
  • avatarDec 16, 2021 · 3 years ago
    Yes, ProShares does offer a Bitcoin ETF. The ProShares Bitcoin Strategy ETF (BITO) is designed to provide investors with exposure to Bitcoin's price movements without the need to directly own Bitcoin. It aims to track the performance of Bitcoin futures contracts traded on regulated exchanges. Please note that investing in ETFs involves risks and it's important to do thorough research and consider your investment goals before making any decisions.