ProShares Bitcoin is selling at 25.42 as of the 21st of November 2024; that is 1.88 percent increase since the beginning of the trading day. The etf's open price was 24.95. ProShares Bitcoin has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for ProShares Bitcoin Strategy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of December 2022 and ending today, the 21st of November 2024. Click here to learn more.
The fund adviser seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts. Proshares Bitcoin is traded on NYSEARCA Exchange in the United States. More on ProShares Bitcoin Strategy
ProShares Bitcoin Strategy [BITO] is traded in USA and was established 2021-10-18. The fund is listed under Digital Assets category and is part of ProShares family. The entity is thematically classified as Cryptocurrency ETFs. ProShares Bitcoin currently have 614.68 M in assets under management (AUM). , while the total return for the last 3 years was 11.3%.
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Top ProShares Bitcoin Strategy Etf Constituents
United States Treasury Bills 0.0% 18-AUG-2022
46.26%
U.S. Dollar
53.74%
ProShares Bitcoin Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ProShares Bitcoin. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
When determining whether ProShares Bitcoin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares Bitcoin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Proshares Bitcoin Strategy Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Bitcoin Strategy Etf:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProShares Bitcoin Strategy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.
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The market value of ProShares Bitcoin is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is ProShares Bitcoin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProShares Bitcoin's market value can be influenced by many factors that don't directly affect ProShares Bitcoin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProShares Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Bitcoin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.