BITI ETF — ProShares Short Bitcoin ETF

ProShares Short Bitcoin ETF (BITI)

Updated October 16, 2026.

BITI is an ETF. its distribution rate is 2.59%, its trailing-12-month yield is 30.80%, its expense ratio is 1.02%. Total return is -88.0% over the past 4.3 years, 203.2 points behind SPY at 115.2%.

ProShares Short Bitcoin ETF seeks inverse daily exposure to bitcoin-linked returns, aiming to benefit from single-day declines in bitcoin futures prices through financial instruments designed to produce daily returns opposite to the bitcoin market; it is non-diversified and carries an expense ratio of 1.02%. The fund distributes monthly at a modest current distribution rate. This ETF appeals to traders and investors seeking short-term bearish exposure to bitcoin price movements rather than buy-and-hold income investors.

BITI performance versus SPY

Price and return data through 2026-10-16.

Total return is -88.0% over the past 4.3 years, 203.2 points behind SPY at 115.2%. Over the past year its total return — price change plus distributions reinvested — is 16.3%. Its deepest 1-year drawdown was 33.7%.

BITI key facts

Issuer

ProShares

Asset type

ETF

Asset class

Currency

Inception date

06/21/2022

Expense ratio

1.02%

Distribution rate

2.59%

Distribution frequency

Monthly

Trailing yield

30.80%

Last close

$18.09 (as of 2026-10-16)

AUM

$79,902,669

Average volume

1141718.0

Dividend

$0.03903

Ex-dividend date

10/01/2026

Payment date

10/07/2026

Beta

2.12

How Dividend Vision calculates yield and returns

Distribution rate (2.59%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (30.80%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: ProShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BITI risks and drawbacks

BITI's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 33.7%.

Who may consider BITI — and who may not

BITI may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on BITI

• All tickers starting with B

Tagged: Bitcoin, Crypto, Short.

Frequently asked questions

More securities from ProShares.