BITO
ProShares Bitcoin Strategy ETF
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Bitcoin ETFs options, literally free money
Difference between BITO & IBIT?
Maybe Cathie Woods is more genius than we thought
My 5 biggest crypto stocks for 2024
$BITO is a great place holder for the 401k or IRA before all the spot ETF's are approved.
The election of the most radical S.O.T.H in modern history is the $100k Bitcoin catalyst.
Where may I buy Bitcoin/Ether LEAPS options in the United States?
What is everyone's thoughts on BITO? Good play for some sweet dividends or run from it?
Bitcoin Spot ETF’s – The Digital Gold Rush
BITO: Yesterday's Breakout confirmed. Bitcoin is back.
Bearish Decoupling: What we missed about the Bank Failures
Bearish Decoupling: What we missed about the Bank Failures
Picked up $75k worth of Jan 2025 BITO Leaps as bet on $BTC in the old Roth
2023-01-25 Wrinkle-brain Plays (Mathematically derived options plays)
Decentralized Money is Unlikely to Survive the Winter.
Curious if anyone is invested in ETFs that short crypto?
6K TO 600K IN 2+ YEARS! YOU LIKE 10,000%+ GAIN PORN?
6k to 565k in 2+ years...that's 9000%+ for those not good at maph
Have an ITM BITO 9/16 $32 Put - What can I do to offset losses?
So Who Is $RECAF (Recon Africa's) Arch Enemy, Short Fund Viceroy Research? Are They Behind Planted Fake Stories?
$8.74k profit in 3 days. Sold 220 $12 strike BITO puts for $0.41 per contract on Wednesday. Close them today for $0.01 per contract. Fortune favours the brave 🚀 🚀 🚀
$8.74k profit in 3 days. Sold 220 $12 strike BITO puts for $0.41 per contract ON Wednesday. Close them today for $0.01 per contract. Fortune favours the brave 🚀 🚀 🚀
With bitcoin coming to 401(k)'s, does that make BTC-related stocks the most obvious investment right now?
From 6k to 400k in 3 years update - is 6,680% gains good?
6k account update - is 6,680% gainz in 2 years good?
Digital money gain BITO options ~100k gain porn
$BITO puts are being dumped on the bid and calls are being bought at the ask! BTC to +300k! Hedge Funds who shorted $BITO thinking this was the tulip market of 1630s are trapped!! TD has this HTB which means retail has no access to short because they're saving all the shortable shares for themselves
$BITO will rocket to new hight because greedy shorts over stayed their welcome
$BITO puts are being dumped on the bid and calls are being bought at the ask! BTC to +300k! Hedge Funds who shorted $BITO thinking this was the tulip market of 1630s are trapped!! TD has this HTB which means retail has no access to short because they're saving all the shortable shares for themselves
Bought 310 calls options on $BITO! GOING to make a few million when bitcoin set a new all time hight over +$100,000. 31 March 22 $65 calls is what I bought for .04 a contract. #asymmetricrisk #crypto
Bought 310 calls options on $BITO! GOING to make a few million when btc set a new all time hight over +$100,000. 31 March 22 $65 calls is what I bought for .04 a contract. #asymmetricrisk
QQQ puts + ARKK puts - TSLA calls - BITO calls =
Cheeky $BITO puts 1 DTE bought Thursday night. The future is now!
Friendly discussion: BITO vs BTCC which has better long term growth opportunities?
Do the bonds in BITO (And similar ETFs) offset the time decay of etfs that follow futures?
If you're even the slightest bit bullish on crypto throughout the next year, there's no better way to play it than BITO
Digital/Crypto Investment Options Through Fidelity (Roth IRA)
BITO $3 rebound and record options volume for Bitcoin Futures ETF
Aped entire IRA into $BITO calls - $67K experiment 🚀
Earnings Moves, Apple, Amazon, Facebook, AMD, Robinhood, and EM for BITO
Commodity ETFs with Roll Strategy. Is any investment value lost as underlying prompt futures-contracts rollover into the new month?
Mentions
That is much worse, because the large monthly BITO dividend is taxed as ordinary income while any IBIT gains would be taxed as capital gains. For long term holding, any spot BTC ETF with a low expense ratio is the better choice.
You are right. But. Just remember that what you see on IBIT total returns is all Unrealized gains. What you see on BITO is unrealized gains for price appreciation but all the distributions are already paide for. So, when selling both you would pay less tax on BITO. UNLESS there is something about US taxes I'm not aware of. I pay 'dividend' tax immediately as I got any distribution.
Theres no point man. BITO just worse. Just start with IBIT.
Any way to calculate putting BITO dividends into IBIT?
https://testfol.io/?s=fVoDTlSqs59 Here is YTD. BITO drags IBIT by 4.8% so far with reinvested dividends and BITO without DRIP is actually -31.5% YTD.
You seem to be unhappy with this reality https://testfol.io/?s=aOz1FcvLmFk Here is IBIT vs BITO w/ drip vs BITO without drip
BITO's stock price is down 20.11% on the 1 year chart. The 5.84% figure is therefore obviously inclusive of dividends. Read and understand before responding.
https://www.etf.com/tools/etf-comparison/IBIT-vs-BITO IBIT 1yr performance 10.99% BITO 1yr performance 5.84% Took 5 seconds to find that and one google search.
does this take into account BITO's dividends?
Blud do you smoke crack by any chance? BITO underperforms every bitcoin etf by some margin due to contango effect. Essentially there's a cost to roll futures contracts each month and so your best case scenario is loosing a few % points every single month compared to a standard ETF. BITO is only for short term plays.
The returns of BITO are the same as IBIT but with a 5.7% drag induced on it
IBIT has higher returns than BITO over literally every timeframe
Keep a maximum in CHF, Dollar forecast is 0.75 this is another 8% downside, going 50% S&P as a swiss adds this risk to the others like mag 7 concentration. Also calculate your income tax and see if the 3-4% yield of a direct property investment + less tax isn’t favorable and it’s also a stable non security related anchor in your investment. For gold it’s probably even more efficent to just get vreneli and a small safe at home. Blackrock and JP Morgan have funds in CHF or often Ireland based and in CHF. If you want to invest some time you go for the large caps and covered calls, most swiss stocks trade in a range. Also make use of an access to nach fonds being able to get stuff like BITO, ULTY and CHPY is a huge advantage. Also check for taxes if it’s getting a substantiel part of your annual revenue.
MSTR short squeeze inc. Institionals tried to crater BTC (and probably make back room deals to buy off market at the same tine), but it won't fall below 100k. I'm all in MSTX and BITO calls. Prepare for loss porn or lambo.
I have some BITO, only because it has a pretty nice monthly dividend
IBIT and BITO have options chains
Yeah, BITO's 53% yield sounds wild—it's mostly from futures roll yields in contango, but volatility can tank it fast. \- Often includes return of capital, messing with taxes. \- Unlikely to sustain if markets shift to backwardation. \- High expense ratio eats in. For liquidity without selling BTC, borrowing platforms like [borrow.satsterminal.com](http://borrow.satsterminal.com) might work. Thoughts?
What is a good ETF? I put some on BITO, any good ones? Thanks
Is this sarcasm? Or are you genuinely confused as to which is the better purchase MSTY & ULTY vs BITO & FBTC?
This would only work for a month when BITO goes up, yes?
Look into $BITO pays avg $0.80/shares div per month
Oh damn..prob have hold them. Have 1000s shares spread BITO gpiq jepi tspy. Build div port.
BITO, nothing I'm sad to lose
anybody fucking with BITO?
Anyone else following BITO has paid over 50% dividend a month
SPYI, QQQI, and BITO in order from most to least allocation
Nobody knows... You really need a crystal ball in order to figure that out, BITO is sensitive to Bitcoin price.
I just took my acorns account and rolled it into my fidelity account. Is any of this redundant? Should I look to sell some and invest in others? I'm mainly looking at long-term/retirement. GOOGL - 29.51% VTV - 21.58% OHI - 14.28% O - 8.48% VTI - 7.61% SCHD - 6.81% VOO - 5.79% IXUS - 3.93% IJH - 0.95% BITO - 0.49%
You're right that BITO's price isn't perfectly correlated with BTC. This is because of the futures contracts. There are costs associated with "rolling" these contracts from one month to the next (this is often called contango or roll yield). Over the long term, these costs can cause BITO to underperform spot BTC.
BITO has a very good total return over SPY in the last 3 years. But thats also because Bitcoin has been going up. I feel like its worth being part of a portfolio for BTC exposure. [ProShares Bitcoin ETF (BITO) Stock Price Chart | Seeking Alpha](https://seekingalpha.com/symbol/BITO/charting?interval=3Y&metric=totalReturn)
I’m one of those inexperienced investors who’s quite happy with BITO’s monthly distributions derived from its trading in BTC futures.
I have trades I will roll and trades I won't, depending on why I'm in the trade and what the benefit of rolling looks like to me, but I avoid rolling spreads at all costs. I hate it. You usually either have to pay a debit, widen the spread, or both, and the new trade is usually an unfavorable fixed-risk trade. No thanks. I've been rolling a slightly ITM BITO put for a couple of months now because I'm happy with the premium I keep collecting and I don't mind if it gets assigned. My spreads, though... I just take the loss and re-center my trade.
Some1 give me the drop on the next stock, might buy velo. I have notinggg. Currently investing in NVDA, SPY, and BITO.
Decent strategy. But I like monthly dividend paying ETFs. Curve balls are like BITO,YBIT. They are risky but with like 2.5k on each. $100 a month almost 98% guaranteed on each. From there a more secured option is BTCI…pays around the same as VOO monthly because again..bitcoin related. Invest a lot heavier because it’s a lot safer. Last time owning almost 180+ shares it gave $283 that month alone. I had to unfortunately sell since I changed investing strategy. For fast gains…putting a lot more money than I was comfortable having out there. I like a pile for unexpected expenses and all. So I met my goal and now I can invest on my next paycheck as much as my heart desires. $800-1k per paycheck. I am looking for the four towers of high yield dividend ETFs and stocks to push a strong money supply out of my investments early on. Then with my constant 2x a month investments of my own money to then start buying the good stuff easier with all the generated income. I stopped but this year I clocked in 1k in dividends with very low money in. 95% -SPYI -BTCI -JEPQ/QQQI -JEPI/O 5% MISC. -crypto: XRP,HEDERA,AVAX -weekly paying ETFs -curve balls: XOEF(dividend payments have not been announced for it being soo new to the market), calls, penny stocks with some DD. -crypto futures: BITO, BTCH. BTCH is two years old but does one payment of $20 a year…buy some 50 shares at some point and see if I get $1k Christmas gifts every year.
Funny how the YouTube people talk up MSTY & ULTY. Yet Forbes who are much smarter than most if not all the YouTubers says BITO. Gee I wonder which to buy
ULTY uses 100% ROC at times. That why it’s not going up. BITO goes up and down like normal. Most YieldMax just go down on share price
Seriously. I've seen so many people spouting about UTLY like it's this genius, unknown strategy. Do the math on where you'd be if you bought when the ETF first started trading, and collected dividends. Spoiler: you'd be down. BITO is similar, but tracks Bitcoin futures, so if you can catch a good bottom right before a big run up in BTC, you can come out ahead nicely on the dividends AND the underlying, but again, you need to time that really well, as the underlying trends down overall in those high yield ETFs.
BITO divvy just hit 🤌🤌🤌🤌
Or just buy IBIT, BITO, or any of the many ETFs that exist already?
Can't get enough of these BITO divs
Use IBIT/BITO.
Everyone should note BITO has had a very stable price over the last few years and continues to yield about 50% even though the dividend is down since 2024! As long as BITO can continue trading Bitcoin, I beleive the BITO dividends will continue. I have a very detailed BITO yield projection spreadsheet I would be happy to share with your email. My strategy uses the DRIP program so even wtih lower dividends, the strategy still performs becasue you buy new shares at a lower price but yield still stays high. The risk is BITO can no longer trade Bitcoin! Minimal risk!! Bob D
Hey i agree it is hard to find these stocks and i have already mentioned that. there are only a few places you can look at. BITO, GRPN, JD etc. now you have to wait when iv jumps in these. pls there are more as well.
BITO, JEPQ and NVDY, best Etf and prove high yield.
I own both. Also have a good bit locked up in BITO and EETH. I also have a ton of LEAPS on BITO. 50% of my accounts are depending on this bull run over the next 5 months.
I guess I wasn’t very specific. I’m not hurting to make those payments above. More along the lines of not wanting it to sit in a checking or savings account and “lose money” because of inflationary reasons. And I can’t argue the asking the internet for advise part - lol I work in tech, so most of my prior investments have been FANG, VOO, and SPY. I don’t know too much about REITS, PE, high yield dividend stocks, and crypto. I’ve also read up on BITO paying hefty dividends monthly that seem intriguing.
FOMO really. I was all in on BITO because it was paying crazy dividends. I sold it and started buying different stocks. Like 1-2k each
Ignoring taxes: The total lifetime return of BITO is 46.3% since OCT 2021(-80% drawdown right after launching doesnt help). BITO basically making no distributions until bitcoin starts ripping. BITO without drip is down -46.6%.
All this and yet my BITO holding is still down 17% from when I bought in '21. Makes sense.
No I follow my rules and don’t let bias cloud ruleset. If I am wrong in a trade I am out. The futures aren’t really for investing, if you want to invest thats what the SPY is for. Futures have expiration dates and different prices of contracts going forward either do to backwardation or contango. A good example is look at IBIT vs BITO, one is based on futures contracts
RDDT ironically enough. Also BITO has been a money printing machine for me.
BITO Call Options this week loaded up like crazy on Friday morning 🚀🚀🚀🚀
I like BITO and EETH but yeah.
It really is crazy. I only bought BITO because I was tax loss harvesting FBTC. The dividends are huge but also a massive PITA if you’re trying to be tax efficient like I was. I should have done more research. I’m using the distributions to purchase more FBTC.
Saylor is a genius, but Blackrock is more important to our entire financial system / liquidity in markets than most laypeople realize. IBIT truly changed the game, BITO futures product was ASS and the inflows from etfs really are a game changer. There will eventually be a divorce/nasty infighting when the hardcore BTC believers are forced to concede Blackrock and the follow on products from Fidelity, Vanguard et al accidentally re-centralized BTC into trad finance markets. Much easier to manipulate the price once it's not on the blockchain as well. Til then, weeeeeee!
If BITO a good investment for the dividends? I know it is tied to futures BTC and not BTC holdings, but, what am I missing? I hear virtually nothing about it.
Your post is entirely wrong and inaccurate. "It’s pure speculation. You aren’t buying shares of bitcoin" BTC futures are CME commodity cash settled futures. No different than crude oil, wheat, bonds, stock market futures. "In return for the high payout you get exposure to all of the downside and a limited amount of the upside." Total returns for BITO are identical to BTC minus fees, transaction costs, and SOFR.
I have a small percentage of BITO to do the same thing. It’s not much but it’s a drip above what i can contribute per year.
The distribution is roughly just the monthly returns of Bitcoin. Replication with BITO: buy 1000 dollars of BITO shares. At the end of the month sell BITO shares and repurchase at most 1000 dollars of BITO shares.
ROC = Return of Capital. But I disagree. On the "Distributions" section of their website ([BITO | Bitcoin ETF | ProShares](https://www.proshares.com/our-etfs/strategic/bito)) they're all classified as dividends instead of ROC. Although in their FAQ, they state some distributions might be reclassified as ROC if the fund incurs losses later in the fiscal year. But back to your original post, the catch is that BITO buys and rolls front-month bitcoin futures contracts. That is extremely costly, so the fund's total return massively underperforms bitcoin itself in most cases. On top of that it's distributing ordinary income so the after-tax return is even worse if held in a taxable account. The past year's 53% yield is a function of bitcoin's appreciation. Since they're rolling contracts each month, they're realizing gains every time they roll the contracts forward. Over the past year, BITO's total return was 81.52%, the vast majority of which was distributed as ordinary income. By contrast, FBTC (a spot bitcoin ETF) returned 92.27% over the same period and left investors with the choice of when to realize their own gains (mostly). Over a year where bitcoin loses value, BITO's dividends might be zero. So I would not look at the dividend yield as an advantage. It's a representation of the inefficiencies of the strategy, both in its ability to track bitcoin's price, and its ability to generate after-tax returns.
I have JEPQ and BITO. I'll ride BITO out until it stops paying. IEP, VOC QQQI, NLY are other choices
IBIT is spot BTC, you might be thinking of BITO which is bitcoin futures
I owned BITO and now own IBIT. That doesn’t make anything I said untrue. Line goes up, but it’s still a clown asset.
ETFs. Stick to monthly dividend payments and disable reinvesting. 1. The ETFs don’t go crazy up or down. 2.search dividend history with high yields 3. Invest. I’m a 9-5 so I do crypto ETFs and futures. Get like $200 a month in dividends. I found even riskier ETFs and I’m hitting those. You tell me what makes sense… 134 shares of SPYI makes Around $20 a month 134 shares of BITO makes around $134 or more if crypto is good. Even at its worst moments it’s still higher than $20….i guess I forgot to mention that for said market conditions. 134 shares of SPY is like $6,000 134 shares of BITO is like $2,500 tops This is more sustainable for my wallet. I used to be heavy on crypto and it paid out a lot of fun evenings. But the losses at times her also heavy. The collapse of AVAX, XRP recently from the glorious $3 Now I use dividend money to buy crypto in a passive wallet away from Robinhood and just stockpile it. If the train ever goes up again..I will be loaded.
my one BITO share just earned a $1.00 monthly dividend. what in the yieldmax is that shit?
Buy botcoin etf. IBIT or BITO. 💯
ZGRO. or ZEQT. Or what ever MER is the lowest equivalent from the ETF maker for set it and forget it. BITO for some BTC exposure. And ZGLD for gold.
It broke 97 for good..it's going to retest ATHs at this point.. Calls on BITO
By raising money to buy BTC, MSTR no longer follows a 1:1 trajectory similar to a BTC ETF such as BITO. People like leveraged plays, because they can capitalize on higher % gains if they speculate on the long side correctly. The thing about MSTR here is that, they won't sell any BTC. So on a market downturn, especially a crypto winter, shareholders aren't guaranteed to get their claim on BTC back. This is because MSTR also raises money via convertible bonds, and bondholders have a higher claim to assets (BTC holdings from MSTR), in the event of a liquidity crisis.
I've been. Collecting checks off BITO monthly for a long time now. The price is irrelevant to me at this point
Buy a crypto ETF like BITO or IBIT?
BITO wtf
Up to $1300/month in dividends BITO NVDY MSTY JEPQ FIGHT ME
https://preview.redd.it/i06844nap0xe1.png?width=1063&format=png&auto=webp&s=cc34abbb0ce252964b54db526168f90244121301 I'm shorting $BITO
I have some BITO in my portfolio, but unfortunately for me I added it at what must be the exact top. My initial price bought was $25.75, lol
If you want tradable liquid options on the regulated side, ETFs like IBIT and BITO are the real deal now.
Three reasons mainly. The leveraged ETF is for day trading, not really for long term holding. Its options are way more expensive per contract on LEAPS. And I already own a good many BITO shares.
Do BITO LEAPS have higher volatilty than BITX? Why not own stock that never expires instead of LEAPS?
Bro, tomorrow I hope to be counting profits. I have BITO leaps for Jan ‘26 and ‘27. Spread $16 - $22. Might have to paper hand a few contracts.
I would go all in on BITO bitcoin , buy the dip options and go long buy as many as you can good luck. or IBIT or MSTR you choose but should be a good turn around.
If my BITO calls print today, then yes.
I find it hilarious that BITO is still in the green for me. Been dripping it for a year now.
I like to short QQQ and BITO of late also. Can you imagine, shorting tech, and not buying the dip?
Pick up a little GME tomorrow morning to brighten the day.. Add a splash of BITO for spiciness, just for fun🍻nfa
Lots of GME, LCID, BITO and a little TLRY on the side for seasoning 🍻🍻🍻🤦
I have both puts and calls open on BITO set to expire next Friday. I'm fairly confident both will expire. BITO is currently trading under NAV, the underlying asset (bitcoin) is enjoying an uptick. That should give the price a lot of support. and the call is far off. Plus I already bagged the dividend, no biggie if the call sells.
With contango, almost all futures (save those with high carry costs) exhibit contango. This doesn’t necessarily lead to NAV erosion by itself: the question is how much contango is priced in and by how much this exceeds the risk free rate. If you buy $100 of BITO the fund buys $100 of Bitcoin futures on CME. But futures trade on margin and don’t involve any initial cash outlay, so the fund still has $100 to invest which is does in short term treasuries, say yield 4% annualized. The question is whether the loss on rolling the futures contract exceeds the 4% made on holding treasuries. And you need to see how much premium the back month future trades wrt the expiring future. My understanding is the premium has been very low recently, so there is likely not much NAV erosion (and could even be the other way). If you want to see when contracts get rolled over download the fund holdings for a month and see on what day the futures contracts change.
Basically it looks like the current batch of futures contracts they hold are dated 25/APR/2025. My understanding is that when those futures contract nears expiration, BITO sells them and use the proceeds to purchase a new contract with a later expiration date. What I'm wondering is: \- How far out from expiration do the contracts get rolled, and if it is a fixed date out or if it varies. \- What effect this rollover has on NAV, and in which way. That is as in when would contango kick in, what it does to volatility. \- Should I avoid straddling contracts across the rollovers?
Question is above my pay grade, but I've liked wheeling BITO.
Yes, both spot ETFs and derivative/futures ETFs. My advice if you're going to go this route is to distribute your custodial risk among the spot ETFs. 'BITO' is a futures bitcoin ETF that aggressively distributes dividends based on price movements (note: more suitable for tax-favored accounts), so that is an option as well instead of or in addition to the spot ETFs.
I buy gold and silver ETFs for monthly income and to hedge against the markets. It is working out great. If the price of gold starts dropping unexpectedly I won't lose much. But if the price maintains it is steady income for years to come. $GLDI* $IGLD $SLVO* I do the same with BTC. $BITO $MSTY * These are ETNs and the divs aren't stable, but still getting high yields monthly.
On BTC stuff? My significant positions on it right now are 50x Jan 2027 calls at the 100 strike, 150x covered calls on BITO June 2025 at the 22 strike, and a notional of 10 BTC in CME bitcoin futures. I'm very bullish on BTC long-term.
SCHD, SVOL, BITO if it can remain stable
I have 1000 shares of bito with a similar thought process. MSTY pays more, but BITO seems less shady? I don’t know, maybe I’m overthinking that one.