BITO ETF — ProShares Bitcoin Strategy ETF

ProShares Bitcoin Strategy ETF (BITO)

BITO is an ETF that tracks the Bitcoin Futures. As of August 19, 2026, its distribution rate is 1.89%, its trailing-12-month yield is 46.49%, its expense ratio is 0.95%. Dividend Vision Distribution Safety Score™ is 7/100 (High risk). Fund total return is -21.7% over the past 4.8 years, 103.3 points behind SPY at 81.6%.

At the current 1.89% distribution rate, a $10,000 investment would generate approximately $189 per year, or $15.75 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 performance versus SPY

Data as of August 19, 2026.

Fund total return is -21.7% over the past 4.8 years, 103.3 points behind SPY at 81.6%. Its deepest 1-year drawdown was 54.5%.

BITO key facts

Data as of August 19, 2026.

Distribution Safety Score™

7 · High risk

Safety-Adjusted Yield

0.13%

Issuer

ProShares

Asset type

ETF

Asset class

Equity

Inception date

10/18/2021

Expense ratio

0.95%

Distribution rate

1.89%

Distribution frequency

Monthly

Trailing yield

46.49%

30-day SEC yield

0.04%

Last close

$8.73

AUM

$1,384,061,252

Average volume

56848910.0

Last dividend

$0.0138

Ex-dividend date

08/03/2026

Payment date

08/07/2026

Beta

1.8778

How Dividend Vision calculates yield and returns

Distribution rate (1.89%) 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 (46.49%) 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 (0.04%) 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. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: ProShares fund 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:

• BITO vs IBIT
• BITO vs GBTC
• BITO vs BTC
• BITO vs BTCI
• BITO vs MSTY
• BITO vs BLOX

Frequently asked questions

More funds from ProShares.