BITU resets daily. The fund delivers 2x of one trading day’s Bitcoin return, then starts over. Compounded across many days, results diverge from a static 2x of Bitcoin’s cumulative move, and the ...

After hours: June 30 at 7:59:17 p.m. EDT Chart does not reflect overnight price.

BITU fell 37% year-to-date versus Bitcoin's 17% decline due to futures roll decay and daily reset mechanics. Daily volatility resets compound losses in choppy markets. A 10% drop followed by a 10% ...

Volatility decay erodes returns when Bitcoin moves sideways or reverses: a 50% Bitcoin drawdown would near-total wipeout the leveraged fund. BITU works only for single-day trades or strong uptrends; ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. The ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) launched ...

ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) gives traders 2x daily exposure to the Bloomberg Bitcoin Index through swaps, with a 0.98% expense ratio. The appeal is simple: when Bitcoin moves, BITU ...

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