ProShares Bitcoin ETF
BITO is the first U.S.-approved Bitcoin futures ETF, launched in 2021 by ProShares. It provides exposure to Bitcoin through CME-traded futures contracts rather than direct BTC holdings. This structure avoids custody issues but may introduce tracking error and additional costs. It’s best for investors who want short-term BTC exposure within existing brokerage platforms.
| ProShares Bitcoin ETF | |
|---|---|
| Fund Sponsor | ProShares |
| Ticker | BITO |
| Expense Ratio (annual fee %) | 0.95% |
| Assets under management (billions of USD) | 1 to 10 |
| Listing Exchange | NYSE Arca |
| Fund Manager Website | proshares.com |
| ETF webpage | https://www.proshares.com/our-etfs/strategic/bito |
| Bitcoin Custodian | Note: Uses Bitcoin futures contracts |
| Minimum Investment | 1 share (~$40-70) |
| Trading Volume (Daily Average) | $100-200M |
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