{"id":419906,"date":"2021-10-22T16:17:42","date_gmt":"2021-10-22T15:17:42","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=419906"},"modified":"2025-07-21T00:25:52","modified_gmt":"2025-07-20T23:25:52","slug":"buy-proshares-bitcoin-strategy-etf","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/share-trading\/invest-in\/exchange-traded-funds-etfs\/buy-proshares-bitcoin-strategy-etf","title":{"rendered":"How to buy ProShares Bitcoin Strategy ETF (BITO)"},"content":{"rendered":"

ProShares Bitcoin Strategy ETF (BITO) is an exchange traded fund (ETF)<\/a> that is provided by ProShares and listed on the NYSE ARCA. Find out how to buy this ETF below.<\/p>\n\n\n

BITO share price<\/h3>\nUse our graph to track the performance of ProShares Bitcoin Strategy ETF over time.\n
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What we know about the ProShares Bitcoin Strategy (ETF)<\/h3>\n

Launched by ETF issuer ProShares and headed by CEO Michael L Sapir, the fund is designed to give investors exposure to the Bitcoin currency.<\/p>\r\n\r\n

However, investors don't actually own Bitcoin directly through the fund. Unlike traditional ETFs that buy and sell underlying assets such as stocks, BITO uses futures contracts to profit from Bitcoin price fluctuations.<\/p>\r\n\r\n

In other words, it uses contracts that speculate on the future price of Bitcoin. Depending on how volatile the market is, these prices could differ significantly, which means there are additional risks.<\/p>\r\n\r\n

BITO's launch is one of the largest on record for an ETF, and it topped $1 billion in assets faster than any other ETF. While it was the first such ETF approved for the U.S., a second Bitcoin futures ETF from Valkyrie Funds, is now due to launch Oct. 22.<\/p>\r\n\r\n

The ProShares launch has been so popular that the ETF is nearing some limits on the number of futures contracts it is allowed to hold, according to Bloomberg<\/a>. Addressing that could mean the ETF doesn't track as closely to Bitcoin's price fluctuations as intended.\r\n\r\n<\/p>

To check out other Bitcoin-related ETFs, check out our cryptocurrency ETF guide.<\/p>\n\n\n\n\n

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Latest updates for ProShares Bitcoin Strategy<\/h3>\n

<\/use><\/svg> June 25, 2023<\/strong>: Interest in Bitcoin (BTC) has been picking up with lots of intitutional investment interest following news and reports that the world's largest asset manager, BlackRock filed to create its own Bitcoin ETF (exchange-traded fund) earlier this month. <\/p>\n<\/div>\n<\/article>\n\n\n\n\n

Compare ETF brokers<\/h3>\n
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