BITO ETF — ProShares Bitcoin Strategy ETF
ProShares Bitcoin Strategy ETF (BITO)
BITO is an ETF linked to Bitcoin Futures. As of September 4, 2026, its distribution rate is 1.23%, its trailing-12-month yield is 29.87%, its expense ratio is 0.95%. Dividend Vision Distribution Safety Score™ is 7/100 (High risk). Total return is -3.7% over the past 4.9 years, 86.0 points behind SPY at 82.3%.
At the current 1.23% distribution rate, a $10,000 investment would generate approximately $123 per year, or $10.25 per month on an equivalent basis.
ProShares Bitcoin Strategy ETF seeks total return through managed exposure to bitcoin futures contracts rather than direct bitcoin holdings, maintaining positions across rising, flat, and declining markets. The fund carries a modest current distribution rate and distributes monthly, with an expense ratio of 0.95%. It appeals to investors seeking bitcoin exposure through traditional ETF structures without direct cryptocurrency ownership.
BITO dividend yield and income
Data as of September 4, 2026.
The distribution rate (1.23%) is the latest posted forward yield, paid monthly. Trailing-12-month yield (29.87%) is the last year of payments divided by the current price. The 30-day SEC yield is 0.31%. The next declared dividend is $0.011. The last ex-dividend date was 09/01/2026. It is scheduled to be paid on 09/08/2026. At 1.23%, $10,000 would generate about $123 a year ($10.25 monthly-equivalent).
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-01 | $0.011 | -20.0% |
| 2026-08-03 | $0.0138 | 32.5% |
| 2026-07-01 | $0.0104 | -26.4% |
| 2026-06-01 | $0.0141 | -9.3% |
| 2026-05-01 | $0.0156 | 159.3% |
| 2026-04-01 | $0.006 | -58.0% |
| 2026-03-02 | $0.0143 | 46.7% |
| 2026-02-02 | $0.0097 | -98.7% |
| 2025-12-24 | $0.7431 | -4.2% |
| 2025-12-01 | $0.7759 | -7.4% |
| 2025-11-03 | $0.8382 | 10.9% |
| 2025-10-01 | $0.7561 | -12.2% |
| 2025-09-02 | $0.8611 | -28.8% |
| 2025-08-01 | $1.2087 | 55.6% |
| 2025-07-01 | $0.7766 | -22.1% |
| 2025-06-02 | $0.9972 | 83.1% |
| 2025-05-01 | $0.5447 | 50.9% |
| 2025-04-01 | $0.361 | -49.9% |
| 2025-03-03 | $0.7202 | -23.1% |
| 2025-02-03 | $0.9368 | -15.8% |
| 2024-12-23 | $1.1131 | 11.7% |
| 2024-12-02 | $0.9965 | 0.2% |
| 2024-11-01 | $0.9941 | -8.9% |
| 2024-10-01 | $1.0911 | -9.7% |
| 2024-09-03 | $1.2088 | -16.5% |
| 2024-08-01 | $1.4471 | -3.7% |
| 2024-07-01 | $1.5031 | -15.0% |
| 2024-06-03 | $1.768 | 5.1% |
| 2024-05-01 | $1.6814 | 46.9% |
| 2024-04-01 | $1.1448 | 57.6% |
| 2024-03-01 | $0.7264 | 103.9% |
| 2024-02-01 | $0.3563 | 142.1% |
| 2023-12-20 | $0.1472 | 15.9% |
| 2023-12-01 | $0.127 | -9.5% |
| 2023-11-01 | $0.1403 | 89.6% |
| 2023-10-02 | $0.074 | 1293.4% |
| 2023-09-01 | $0.0053 | -98.6% |
| 2023-08-01 | $0.385 | -42.0% |
| 2023-07-03 | $0.6642 | 55.3% |
| 2023-06-01 | $0.4277 | 2.5% |
| 2023-05-01 | $0.4174 | -10.2% |
| 2023-04-03 | $0.4646 | 360.4% |
| 2023-03-01 | $0.1009 | -32.4% |
| 2023-02-01 | $0.1493 | — |
| 2023 total | $3.1027 | — |
| 2024 total | $14.0307 | 352.2% |
| 2025 total | $9.5198 | -32.2% |
| 2026 YTD total | $0.0948 | -98.5% vs prior-year YTD |
BITO dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -69.7%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -11.84%.
| Window | Change |
|---|---|
| 1Y | -69.7% |
| 3Y | 7.1% |
| 5Y | 0.0% |
BITO holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: IBIT (physical holdings below may be collateral and options, not the reference asset itself).
BITO performance versus SPY
Data as of September 4, 2026.
Total return is -3.7% over the past 4.9 years, 86.0 points behind SPY at 82.3%. Its deepest 1-year drawdown was 54.5%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (4.9 years) | -3.7% | -0.80% |
| 3Y CAGR | — | 37.50% |
BITO key facts
Data as of September 4, 2026.
- Distribution Safety Score™
- 7 · High risk
- Safety-Adjusted Yield
- 0.09%
- Issuer
- ProShares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 10/18/2021
- Expense ratio
- 0.95%
- Distribution rate
- 1.23%
- Distribution frequency
- Monthly
- Trailing yield
- 29.87%
- 30-day SEC yield
- 0.31%
- Last close
- $10.74
- NAV
- $10.40
- Premium / discount
- 3.27% premium
- AUM
- $1,759,278,189
- Average volume
- 66099485.0
- Next dividend
- $0.011
- Last ex-dividend date
- 09/01/2026
- Next payment date
- 09/08/2026
- Beta
- 1.8778
How Dividend Vision calculates yield and returns
Distribution rate (1.23%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (29.87%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. The 30-day SEC yield (0.31%) is the SEC standardized figure when we have it. An issuer may publish a different SEC or TTM yield using another as-of date or share-class convention. 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. Figures below use Dividend Vision data as of September 4, 2026.
Distribution rate methodology · Distribution Safety Score methodology · SEC yield
Sources and review
Data as of September 4, 2026.
Primary sources: ProShares or company page; Index: Bitcoin Futures; 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.
BITO risks and drawbacks
BITO'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 54.5%.
Who may consider BITO — and who may not
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.
Compare BITO
BITO vs similar funds:
Frequently asked questions
Does BITO pay monthly?
Yes. BITO currently pays monthly.
What is BITO linked to?
BITO is linked to Bitcoin Futures, not a broad market index.
What is BITO's expense ratio?
BITO's expense ratio is 0.95%.
What is BITO's dividend yield?
BITO currently yields 1.23%, paid monthly, with a 0.95% expense ratio.
How has BITO's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -69.7%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does BITO pay a dividend?
BITO pays monthly. The next declared dividend is $0.011. The last ex-dividend date was 09/01/2026. It is scheduled to be paid on 09/08/2026.
How has BITO performed?
Total return is -3.7% over the past 4.9 years, 86.0 points behind SPY at 82.3%. Its deepest 1-year drawdown was 54.5%.
Is BITO a good investment?
BITO's Dividend Vision Distribution Safety Score is 7 (High risk). That is a risk signal, not investment advice. It currently yields 1.23%. Compare peers below rather than treating any single figure as a buy or sell.
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