BITI Stock Summary and Trading Ideas (ProShares Short Bitcoin Strategy ETF | ARCA:BITI)

This short ProShares ETF seeks a return that is -1x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. The fund provides an opportunity to profit when the daily price of bitcoin declines. The Fund seeks to invest in cash settled, front month bitcoin futures. The Fund may also invest in back month, cash settled bitcoin futures contracts. Front month bitcoin futures contracts are those contracts with the shortest time to maturity. Back month bitcoin futures contracts are those with longer times to maturity.

ProShares Short Bitcoin Strategy ETF trades on the ARCA stock market under the symbol BITI.

As of March 4, 2025, BITI stock price declined to $25.45 with 1,545,228 million shares trading.

BITI has a beta of -1.08, meaning it tends to be less sensitive to market movements. BITI has a correlation of 0.07 to the broad based SPY ETF.

BITI has a market cap of $105.31 million. This is considered a Micro Cap stock.

BITI has underperformed the market in the last year with a return of -38.7%, while SPY returned +14.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BITI shares. However, BITI has outperformed the market in the last 3 month and 2 week periods, returning +7.9% and +11.3%, while SPY returned -3.4% and -4.6%, respectively. This indicates BITI has been having a stronger performance recently.

BITI support price is $24.73 and resistance is $26.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BITI shares will trade within this expected range on the day.