Key Takeaways
- • ProShares Bitcoin ETF (BITO) trades at approximately $10.22–$10.23 USD as of September 16, 2026, with a net asset value (NAV) of $10.62 and total net assets of $1.66 billion, representing the first U.S. bitcoin-linked ETF product.
- • BITO exhibits significant year-to-date underperformance, down 15.04% through mid-September 2026, with a 52-week trading range of $7.87–$20.91, indicating substantial volatility in the bitcoin futures-based ETF segment.
- • The fund maintains a 0.95% net expense ratio with a trailing yield of 38.16%, reflecting the cost structure and income characteristics of a bitcoin futures contract-tracking vehicle.
- • Trading volume and liquidity remain active, with 84.36 million shares traded on the most recent session, though average daily volume stands at 180.39 million shares, suggesting moderate institutional participation.
- • Recent short-term momentum shows mixed signals: BITO gained 2.31% in the past 24 hours and 25.26% over the past month, contrasting sharply with the negative YTD return and indicating localized recovery within a broader declining trend.
Summary
ProShares Bitcoin ETF (BITO), which launched as the first U.S. bitcoin-linked ETF, continues to trade on NYSE Arca with a current price around $10.22–$10.23 as of mid-September 2026. The fund's net asset value stands at $10.62, with total net assets of approximately $1.66 billion, making it a material player in the bitcoin futures-based ETF space. The product tracks bitcoin futures contracts rather than direct spot bitcoin holdings, a structural distinction that influences its performance characteristics and cost profile.
The fund's year-to-date performance reflects significant headwinds, declining 15.04% through mid-September 2026. This underperformance is situated within a 52-week trading range of $7.87–$20.91, illustrating the considerable price volatility inherent to bitcoin-linked products during a period of broader cryptocurrency market fluctuation. The fund's expense ratio of 0.95% on a net basis is standard for the bitcoin ETF category, while the trailing yield of 38.16% reflects the income characteristics derived from futures contract roll mechanics and interest rate environments.
Trading activity in BITO remains robust, with 84.36 million shares traded on the most recent session, though average daily volume of 180.39 million shares suggests institutional participation levels have moderated. Recent momentum indicators present a mixed picture: the fund gained 2.31% over the preceding 24 hours and 25.26% over the past month, signaling localized recovery. However, these short-term gains remain insufficient to offset the broader year-to-date decline, underscoring the challenging environment for bitcoin-linked products during the 2026 period and the sensitivity of futures-based ETF structures to underlying commodity price movements and market contango dynamics.
The fund's year-to-date performance reflects significant headwinds, declining 15.04% through mid-September 2026. This underperformance is situated within a 52-week trading range of $7.87–$20.91, illustrating the considerable price volatility inherent to bitcoin-linked products during a period of broader cryptocurrency market fluctuation. The fund's expense ratio of 0.95% on a net basis is standard for the bitcoin ETF category, while the trailing yield of 38.16% reflects the income characteristics derived from futures contract roll mechanics and interest rate environments.
Trading activity in BITO remains robust, with 84.36 million shares traded on the most recent session, though average daily volume of 180.39 million shares suggests institutional participation levels have moderated. Recent momentum indicators present a mixed picture: the fund gained 2.31% over the preceding 24 hours and 25.26% over the past month, signaling localized recovery. However, these short-term gains remain insufficient to offset the broader year-to-date decline, underscoring the challenging environment for bitcoin-linked products during the 2026 period and the sensitivity of futures-based ETF structures to underlying commodity price movements and market contango dynamics.
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