ProShares Bitcoin ETF (BITO)

Funds & ETFs

ProShares Bitcoin ETF (BITO) was the first Bitcoin-linked ETF approved in the United States, launching October 19, 2021, on NYSE Arca. BITO was a landmark moment for Bitcoin investment as it gave mainstream investors a regulated way to get Bitcoin price exposure through a standard brokerage account. Importantly, BITO holds Bitcoin futures contracts (not actual Bitcoin), making it a futures-based ETF rather than a spot ETF. BITO charges a 0.95% expense ratio — much higher than the 2024-approved spot ETFs.

Details

Aum: ~$2.2B
Type: Bitcoin Futures ETF
Issuer: ProShares
Ticker: BITO
Country: United States
Manager: ProShares
Aum Date: 2025-12
Exchange: NYSE Arca
Custodian: N/A — futures-based, no physical BTC
Fund Type: Futures ETF
Slug Note: slug predates BRRR ticker assignment
Jurisdiction: US
Expense Ratio: 0.95%
Holds Spot Btc: No
Inception Date: 2021-10-19
Management Fee: 0.95%
Exchange Listed: NYSE Arca

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