BITU ETF — ProShares Ultra Bitcoin Strategy ETF

ProShares Ultra Bitcoin Strategy ETF (BITU)

BITU is an ETF linked to Bitcoin Futures. As of September 3, 2026, its distribution rate is 1.21%, its trailing-12-month yield is 47.25%, its expense ratio is 0.98%. Dividend Vision Distribution Safety Score™ is 40/100 (Caution). Total return is -41.0% over the past 2.4 years, 64.3 points behind IBIT at 23.3%.

At the current 1.21% distribution rate, a $10,000 investment would generate approximately $121 per year, or $10.08 per month on an equivalent basis.

ProShares Ultra Bitcoin Strategy ETF is a leveraged fund that seeks to deliver twice the daily performance of a bitcoin index through investments in bitcoin futures and related financial instruments. The fund carries a modest current distribution rate paid monthly and has an expense ratio of 0.98%. It appeals to traders and investors seeking amplified bitcoin exposure, though the leveraged structure and focus on daily performance make it suited for active management rather than buy-and-hold strategies.

BITU performance versus IBIT

Data as of September 3, 2026.

Total return is -41.0% over the past 2.4 years, 64.3 points behind IBIT at 23.3%. Its deepest 1-year drawdown was 83.5%.

BITU key facts

Data as of September 3, 2026.

Distribution Safety Score™

40 · Caution

Safety-Adjusted Yield

0.48%

Issuer

ProShares

Asset type

ETF

Asset class

Equity

Inception date

03/26/2024

Expense ratio

0.98%

Distribution rate

1.21%

Distribution frequency

Monthly

Trailing yield

47.25%

Last close

$14.86

NAV

$13.33

Premium / discount

11.48% premium

AUM

$492,381,190

Average volume

5135276.0

Next dividend

$0.015

Last ex-dividend date

09/01/2026

Next payment date

09/08/2026

Beta

3.7615

How Dividend Vision calculates yield and returns

Distribution rate (1.21%) 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 (47.25%) 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. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. 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 3, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of September 3, 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.

BITU risks and drawbacks

BITU's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed IBIT over the available window. The deepest 1-year drawdown on record here is 83.5%.

Who may consider BITU — and who may not

It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching IBIT total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from ProShares.