SBIT ETF — ProShares UltraShort Bitcoin ETF

ProShares UltraShort Bitcoin ETF (SBIT)

Updated October 16, 2026.

SBIT is an ETF. its distribution rate is 2.18%, its trailing-12-month yield is 9.50%, its expense ratio is 0.95%. Total return is -84.6% over the past 2.5 years, 136.1 points behind SPY at 51.5%.

ProShares UltraShort Bitcoin ETF is a leveraged inverse fund that seeks daily returns opposite to those of bitcoin, allowing investors to profit from bitcoin price declines through financial instruments designed to track inverse bitcoin performance. The fund carries a modest current distribution rate, paid monthly, and has an expense ratio of 0.95%. This ETF appeals to traders and hedgers seeking short-term bearish bitcoin exposure or portfolio hedging rather than long-term income investors.

SBIT performance versus SPY

Price and return data through 2026-10-16.

Total return is -84.6% over the past 2.5 years, 136.1 points behind SPY at 51.5%. Over the past year its total return — price change plus distributions reinvested — is 5.5%. Its deepest 1-year drawdown was 60.2%.

SBIT key facts

Issuer

ProShares

Asset type

ETF

Asset class

Currency

Inception date

04/01/2024

Expense ratio

0.95%

Distribution rate

2.18%

Distribution frequency

Monthly

Trailing yield

9.50%

Last close

$31.90 (as of 2026-10-16)

AUM

$123,990,384

Average volume

1498590.0

Dividend

$0.05795

Ex-dividend date

10/01/2026

Payment date

10/07/2026

Beta

-3.7653

How Dividend Vision calculates yield and returns

Distribution rate (2.18%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (9.50%) 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.

SBIT risks and drawbacks

SBIT'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 60.2%.

Who may consider SBIT — and who may not

SBIT 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 SBIT

• All tickers starting with S

Tagged: Bitcoin, Crypto, Short, Leverage.

Frequently asked questions

More securities from ProShares.