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BITO Stock Summary and Trading Ideas (ProShares Bitcoin Strategy ETF | :BITO)

Charts for Today's Stock Price and Implied Volatility in ProShares Bitcoin Strategy ETF

23-Feb-2024

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30-Day Implied Volatility | IV30 Full Chart

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ProShares Bitcoin Strategy ETF (BITO) Frequently Asked Questions

What does ProShares Bitcoin Strategy ETF do?

ProShares Bitcoin Strategy ETF (BITO) is the first U.S. bitcoin-linked ETF offering investors an opportunity to gain exposure to bitcoin returns in a convenient, liquid and transparent way. The Fund seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts.

What symbol and exchange does ProShares Bitcoin Strategy ETF stock trade?

ProShares Bitcoin Strategy ETF trades on the stock market under the symbol BITO.

What is ProShares Bitcoin Strategy ETF stock price doing today?

As of February 23, 2024, BITO stock price declined to $24.15 with 8,539,279 million shares trading.

What is ProShares Bitcoin Strategy ETF's Beta?

BITO has a beta of 0.06, meaning it tends to be less sensitive to market movements. BITO has a correlation of 0.00 to the broad based SPY ETF.

How much is ProShares Bitcoin Strategy ETF worth?

BITO has a market cap of $2.12 billion. This is considered a Mid Cap stock.

Is ProShares Bitcoin Strategy ETF (BITO) a good investment?

BITO has outperformed the market in the last year with a price return of +83.7% while the SPY ETF gained +28.4%. BITO has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +30.5% and +7.1%, respectively, while the SPY returned +12.0% and +1.3%, respectively.

What is the support and resistance for ProShares Bitcoin Strategy ETF (BITO) stock price?

BITO support price is $23.96 and resistance is $25.24 (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 BITO stock will trade within this expected range on the day.