Bitcoin Strategy ETF (BITO) USD Price

The Bitcoin Strategy ETF (BITO), managed by ProShares, is a futures ETF with an inception date of October 15, 2021, becoming the first Bitcoin futures ETF to trade in the United States. Unlike spot ETFs, which directly hold the underlying asset (in this case, Bitcoin), a futures ETF invests in Bitcoin futures contracts. This means BITO tracks the price of Bitcoin futures contracts traded on commodity exchanges, rather than the current market price of Bitcoin itself. As a result, the performance of a futures ETF like BITO may differ from the spot price of Bitcoin due to factors such as contract rollover and futures market conditions. BITO charges an annual management fee of 0.95%.