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Weekly ETFs: Eight of 11 sectors record outflows; Gold leads inflows
Seeking Alpha News (Tue, 22-Sep 12:00 PM ET)
ProShares Short Bitcoin ETF seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Bloomberg Bitcoin Index (the "Index"). In this manner, the Fund seeks daily returns that correspond to the inverse (-1x) of the price of bitcoin. The Fund does not directly short bitcoin. Bitcoin is a digital asset. The ownership and operation of bitcoin is determined by participants in an online, peer-topeer network sometimes referred to as the "Bitcoin Network". The Bitcoin Network connects computers that run publicly accessible, or "open source," software that follows the rules and procedures governing the Bitcoin Network. This is commonly referred to as the Bitcoin Protocol (and is described in more detail in the section entitled "The Bitcoin Protocol" in the Fund's Prospectus). Bitcoin may be used to pay for goods and services, stored for future use, or converted to a government-issued currency.
ProShares Short Bitcoin ETF trades on the ARCA stock market under the symbol BITI.
As of September 25, 2026, BITI stock price climbed to $17.56 with 42,925 million shares trading.
BITI has a beta of -1.26, meaning it tends to be less sensitive to market movements. BITI has a correlation of 0.11 to the broad based SPY ETF.
BITI has a market cap of $86.53 million. This is considered a Micro Cap stock.
In the last 3 years, BITI traded as high as $109.05 and as low as $16.58.
BITI has outperformed the market in the last year with a return of +24.5%, while the SPY ETF gained +17.6%. However, in the most recent history, BITI shares have underperformed the stock market with its stock returning -27.3% in the last 3 month period and -8.7% for the last 2 week period, while SPY has returned +5.2% and +1.8%, respectively.
BITI support price is $16.97 and resistance is $17.87 (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.
