BITU ProShares Ultra Bitcoin ETF
ETF 14.40 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
- 52-Week Range
- $7.92 – $53.44
- YTD
- -37.96%
- IV Rank (30D)
- 55.09
- Straddle Price
- $2.42
- P/C Vol Ratio
- 1.63
- Open
- $14.63
- Day Range
- $14.35 – $14.63
- Volume
- 3,222,012
- Prev Close
- $14.29
ProShares Ultra Bitcoin ETF (BITU) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2024-04-01
- Has Options
- Yes
- Expense ratio
- 0.95% prospectus, filed Apr 25, 2025
- Assets
- $447M SEC filing, May 31, 2026
- Trailing yield
- 46.92% paid monthly
- Average daily volume
- $64M 30 sessions
- Holdings
- 9 top 10 are 199.7%
- Listed
- Apr 1, 2024 NYSE Arca
Moves with. Bitcoin (95% of its variance, beta 2.00). These factors explain 95% of its daily moves over the last year.
Stated objective. ProShares Ultra Bitcoin ETF (the Fund) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Bitcoin Index (the Index). (from the fund's prospectus)
All 9 holdingsFlow historyOverlap toolAll Leveraged & Inverse Crypto ETFs
- May 2026
- −$21M latest reported month
- Latest 3 months
- +$39M +8.8% of assets
- Latest 12 months
- +$189M +42.3% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$21M |
| Apr 2026 | +$34M |
| Mar 2026 | +$26M |
| Feb 2026 | +$50M |
| Jan 2026 | +$42M |
| Dec 2025 | +$42M |
| Nov 2025 | +$20M |
| Oct 2025 | +$96M |
| Sep 2025 | +$9.1M |
| Aug 2025 | −$38M |
| Jul 2025 | −$57M |
| Jun 2025 | −$13M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 27 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| BITX2x Bitcoin ETF | — | 2.75% | $1.0B | −64.1% | compare |
| ETHU2x Ether ETF | — | 2.97% | $791M | −79.1% | compare |
| SBITProShares UltraShort Bitcoin ETF | — | — | $204M | +5.3% | compare |
| ETHTProShares Ultra Ether ETF | — | — | $199M | −80.7% | compare |
| BITIProShares Short Bitcoin ETF | — | 1.03% | $177M | −4.0% | compare |
The largest other funds in the Leveraged & Inverse Crypto category.
- Authorized participants
- 7 active of 39 with agreements; top 3 did 81%
- Created · redeemed
- $867M · $686M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 10,000 shares
- Securities lending
- authorized, none lent
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-01 | 2026-10-07 | $0.0088 | CD |
| 2026-09-01 | 2026-09-08 | $0.0148 | CD |
| 2026-08-03 | 2026-08-07 | $0.0194 | CD |
| 2026-07-01 | 2026-07-08 | $0.0141 | CD |
| 2026-06-01 | 2026-06-05 | $0.0131 | CD |
| 2026-05-01 | 2026-05-07 | $0.0145 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Net Other Assets (Liabilities) | 100.00% | Cash/Money Market | — |
| — | BITCOIN TRUST (IBIT) SWAP BARCLAYS CAPITAL | 43.94% | Derivative | — |
| — | CME BITCOIN FUT DIGITAL ASSETS 30/OCT/2026 BTCV6 CURNCY | 36.19% | Derivative | — |
| — | BITCOIN TRUST (IBIT) SWAP JPMORGAN | 28.90% | Derivative | — |
| — | BITCOIN TRUST SWAP (FBTC) CITIBANK NA | 25.71% | Derivative | — |
| — | BITCOIN TRUST (IBIT) SWAP GOLDMAN | 20.37% | Derivative | — |
| — | BITCOIN TRUST (FBTC) SWAP Cantor Fitzgerald | 16.39% | Derivative | — |
| — | BITCOIN TRUST (IBIT) SWAP MAREX | 15.58% | Derivative | — |
| — | BITCOIN TRUST (IBIT) SWAP Nomura | 12.66% | Derivative | — |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Repurchase agreement | 7.36% | $32.9M | 4 |
| Other | 4.48% | $20.0M | 1 |
| Derivative (commodity) | -1.98% | $-8846741 | 1 |
| Derivative (equity) | -5.78% | $-25788347 | 6 |
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 5.82% | -15.25% | -4.71% |
| Feb | -- | -32.83% | -33.02% | -32.92% |
| Mar | -- | -12.03% | -6.51% | -9.27% |
| Apr | -22.28% | 18.09% | 23.44% | 6.42% |
| May | 36.56% | 14.65% | -13.92% | 12.43% |
| Jun | -26.86% | 4.15% | -34.52% | -19.08% |
| Jul | 2.54% | 20.80% | 6.95% | 10.10% |
| Aug | -20.04% | -10.11% | 49.14% | 6.33% |
| Sep | 16.61% | 4.81% | 14.21% | 11.88% |
| Oct | 24.89% | -14.89% | -7.51%* | 0.83% |
| Nov | 88.35% | -29.60% | -- | 29.37% |
| Dec | -8.97% | -18.91% | -- | -13.94% |
| Total | 58.92% | -51.24% | -37.79% | -10.04% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
BITU Stock Analysis Report
Executive Summary
Overall Assessment: BULLISH with 7/10 confidence
BITU presents a compelling technical setup with strong bullish momentum signals, though elevated risk metrics and absence of fundamental catalysts warrant cautious position sizing. The stock is in a confirmed uptrend with powerful momentum, but extreme volatility and mixed volume signals create execution risk.
Key Drivers:
- Robust technical momentum (MACD bullish, ADX 34.58 confirming trend, +DI dominance at 37.65)
- Price decisively above all major moving averages ($15.62 vs SMA 20: $14.51, SMA 50: $12.39)
- Bullish options market sentiment (put/call ratio 0.25, 4:1 call volume advantage)
Primary Risks:
- Extreme volatility (Beta 3.42, Historical Volatility 75.9%-81.4%) creating significant drawdown potential
- Negative OBV (-$97.9M) signaling potential distribution despite rising price—critical divergence warning
- Volume declining sharply (-35.97% rate of change) suggesting weakening conviction
- Lack of fundamental news catalysts to sustain momentum
Investment Thesis: BITU is exhibiting strong technical momentum within an established uptrend, supported by options market bullish positioning. However, deteriorating volume trends and deeply negative on-balance volume present a concerning divergence warning that momentum may not sustain through resistance. Traders should view this as a momentum play requiring strict risk management rather than a fundamental accumulation setup.
Recent News Sentiment Impact: No recent news available—this is a significant data gap. The lack of catalysts means price appreciation is purely technically driven, increasing vulnerability to mean reversion or volatility shocks. Cannot assess whether momentum is supported by positive developments.
Technical Analysis
Trend Direction
Short-term (1-4 weeks): BULLISH
- Price $15.62 trades 7.6% above SMA 20 ($14.51)
- EMA 12 ($15.09) above EMA 26 ($14.23) = bullish alignment
- ADX 34.58 confirms strong trending regime (ADX >25 = trending)
- +DI (37.65) dramatically exceeds -DI (15.46) by 143% = directional strength to upside
Medium-term (1-3 months): BULLISH
- Price above SMA 50 ($12.39) by 25.9%
- SMA 20 above SMA 50 = bullish moving average hierarchy
- Price recently broke above SMA 200 ($14.12) = reversal of longer-term downtrend
Long-term (3-12 months): NEUTRAL TO BULLISH
- SMA 200 at $14.12 now acting as support after breakout
- Recent price structure suggests recovery from previous lows
- However, proximity to SMA 200 indicates limited upside confirmation yet
Support/Resistance Levels
| Level | Type | Distance | Significance | |-------|------|----------|--------------| | $16.86 | Upper Bollinger Band / Resistance | +8.0% | Near-term supply zone | | $15.62 | Current Price | — | Momentum pivot | | $15.09 | EMA 12 | -3.4% | Dynamic support (short-term) | | $14.51 | SMA 20 / Middle Bollinger Band | -7.1% | Major moving average support | | $14.12 | SMA 200 | -9.6% | Long-term reversal support | | $12.39 | SMA 50 | -20.7% | Major support if breakdown occurs | | $12.15 | Lower Bollinger Band | -22.3% | Extreme support (mean reversion zone) |
Key Observation: Resistance at $16.86 (upper BB) represents only 8% upside from current levels, suggesting tight risk/reward if breakout fails.
Momentum Signals
RSI (14): 63.57 — NEUTRAL (approaching overbought zone)
- Reading below 70 overbought threshold, but trending aggressively toward it
- Interpretation: Momentum strong but not yet exhausted
- Risk: If RSI crosses above 70, potential pullback likely as institutional sellers emerge
- Next critical RSI level: 70 (overbought confirmation), 50 (momentum exhaustion)
Stochastic Oscillators: OVERBOUGHT TERRITORY
- %K at 75.32, %D at 71.96 (both >70 = overbought)
- This is more aggressive than RSI, suggesting momentum may be overextended in shorter timeframe
- Divergence Alert: Stochastic more overbought than RSI = early warning of pullback
MACD: STRONGLY BULLISH
- MACD 0.86 significantly above Signal line -0.04
- Histogram +0.90 (positive and expanding) = bullish momentum accelerating
- No imminent bearish crossover visible
- Interpretation: Strongest bullish confirmation in the indicator suite
Williams %R: -21.04
- Negative reading indicates uptrend (scale -100 to 0)
- Not yet at -100 (which would suggest extreme overbought)
- Supports momentum continuation
Overall Momentum Assessment: Mixed signals—MACD and Williams %R highly bullish, but Stochastic overbought and RSI approaching overbought suggest caution. Momentum is present but potentially near exhaustion point.
Volume Analysis
Critical Warning: VOLUME DIVERGENCE
| Metric | Value | Interpretation | |--------|-------|-----------------| | Volume SMA 20 | 4.65M | Baseline trading volume | | Volume ROC | -35.97% | SHARP DECLINE | | OBV | -$97.88M | Strongly negative | | Call Volume | 249 | | | Put Volume | 62 | 4:1 bullish ratio |
Concerning Pattern:
- Despite price rising 10.5% above SMA 20, volume is declining sharply (-35.97%)
- This is a classic bearish divergence: Price strength not confirmed by volume
- Negative OBV of -$97.88M suggests institutional distribution (selling into strength)
- Interpretation: Rising price on falling volume = unsustainable move, vulnerability to reversal
Institutional Interest Signal:
- Call/put volume ratio of 4:1 shows retail/speculative bullishness
- However, declining volume suggests large institutional players are NOT participating in strength
- This combination = dangerous setup where retail momentum may evaporate when institutions sell
Volume Consensus: Despite near-term bullish technical setup, volume deterioration is a RED FLAG that contradicts price momentum. This significantly reduces confidence in sustained upside.
News & Sentiment Analysis
Recent Headlines Summary
Data Quality Issue: NO RECENT NEWS AVAILABLE
This is a significant analytical gap. Cannot assess:
- Whether price momentum is driven by positive company news or pure technical/momentum trading
- Upcoming catalysts (earnings, product launches, partnerships, regulatory changes)
- Market sentiment drivers
- Fundamental support for technical moves
Sentiment Assessment
Unable to determine—insufficient data. Default interpretation: Price driven by technicals rather than fundamental catalysts, increasing susceptibility to technical reversal.
Catalyst Identification
Earnings Information: NOT AVAILABLE
Critical missing data:
- No earnings date provided
- Cannot assess timing risk for earnings surprise
- Cannot evaluate valuation relative to growth expectations
- Recommendation: User should check earnings calendar immediately—earnings date could trigger significant volatility (IV currently 122.6%, expecting $1.77 move)
Market Narrative Gap
This is the critical weakness in the analysis: Without news context, we cannot explain:
- Why beta is extraordinarily high at 3.42 (crypto exposure? micro-cap? leverage?)
- Whether volume decline reflects broader market sentiment or company-specific concerns
- What fundamental thesis supports the technical recovery from $12.15 lows
Bitcoin Ticker Implications: BITU likely refers to Bitcoin-related holdings (Bitcoin ETF, mining company, or blockchain exposure). This would explain:
- Extreme beta (3.42) = follows Bitcoin 3.4x
- High volatility (HV 75.9%) = crypto asset class
- Lack of traditional fundamentals = trend/momentum driven
Risk & Volatility Assessment
Beta Interpretation: EXTREME RISK
Beta 3.42 (vs SPY) = VERY HIGH VOLATILITY
BITU Options Activity & IV Rank
BITU IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Options Flow
ATM Options Pricing
Chain Summary
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Estimated net dealer gamma is at the 46th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
High volatility - stock moves more than market
BITU Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Wolverine Trading, LLC Custodian | $1.66M | 51.91% | 2025-09-30 |
| 2 | Citadel Advisors LLC Custodian | $1.13M | 35.46% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $362.15K | 11.33% | 2026-06-30 |
| 4 | Belvedere Trading LLC | $41.41K | 1.30% | 2026-06-30 |
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $858.28K | 36.55% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $712.12K | 30.33% | 2026-06-30 |
| 3 | Wolverine Trading, LLC Custodian | $501.58K | 21.36% | 2025-09-30 |
| 4 | Belvedere Trading LLC | $276.08K | 11.76% | 2026-06-30 |
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
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| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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