BITO – ProShares Bitcoin ETF – ETF Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks investment results,before fees and expenses,that correspond to the performance of bitcoin. The fund adviser seeks to achieve its investment objective primarily through managed exposure to bitcoin futures contracts. The fund does not invest directly in bitcoin. The fund adviser will generally hold its bitcoin futures contracts during periods in which the value of bitcoin and bitcoin futures are flat or declining as well as during periods in which the value of bitcoin or bitcoin futures is rising. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BITO	ProShares Bitcoin ETF	ETF	Open	—	—	Oct 18, 2021	$1.71B	0.950%	—	—	−$186.69M

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