BITO ProShares Bitcoin ETF
ProShares Bitcoin ETF (BITO) trend channel, buy level and 3-month target on Trade The Path. Sector: Financial Services. Listed on ARCA. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. If this ticker has no settled sample yet, treat the numbers as a geometric read, not a track record. Information only, not financial advice.
Broken out above, falling on both timeframes
Price has closed above the channel. The fitted trend may no longer describe this stock.
Read from the last 12 months of history we hold: falling, drifting −46% a year. Price is above both fitted ceilings, so there is no line overhead to break — and no fitted resistance to price the target against either. What would overturn this: a close below US$7.49 — the floor of the channel being read — after which the trend, not the entry, is what was wrong.
- 12 months read from
- US$7.49 – US$8.02 Falling channel, −46% a year
- Position in that channel
- 509% above the ceiling of it — 0% is the floor, 100% the ceiling
What broke this trend
- The fall
- -54% from US$17.476 Oct 2025 → 30 June 2026
- Whose problem it was
- This company13 of 31 Asset Management peers fell with it
- Does it resolve?
- Unsettled too close to a coin toss on the record to call
- Regained so far
- 23%of what it lost
- What the record says
- 46% of 26 comparable falls came back, typically in 94 days measured on its own peer group
The trend broke in October 2025: price fell 54% from 17.47 to 7.95 by June 2026, and has regained 23% of that fall since. Its peers did not fall with it, so this was about the company rather than its sector. What happens next is not settled: falls of about 54% here have come back to the old high 46% of the time (26 comparable falls), typically in 94 days, which is too close to a coin toss to price a recovery from.
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (12 months)
- Lower trend line (12 months)
- Dashed after today: projected 3 months
- Our buy
- Our target
Our target
No published call today because price has closed 26.1% clear above the channel, so the fitted lines no longer describe where it is. No alerts are sent. The buy and target below are still this site's read of the fitted channel.
Buy at or below
US$6.64
level as at 17 Sept 2026
Our target
US$7.49
by 16 Dec 2026
Projected move
12.8%
gross, before costs
Price is at or through our target.
- Upper line touches
- 3
- Lower line touches
- 4
- Fit confidence
- 61%
- Fitted
- 16 Sept 2026
About ProShares Bitcoin ETF
The Fund seeks capital appreciation. There can be no assurance that the Fund will achieve its investment objective. The Fund seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts. The Fund does not invest directly in bitcoin and may also invest in other instruments.
- Sector
- Financial Services
- Industry
- Asset Management
- CEO
- Michael L. Sapir
- Country
- US
Scorecard
Our own pillar scores, computed from the fundamentals below. They are not Morningstar ratings — that data is licensed and we do not redistribute it.
- Valuation
- —
- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$2.19B
- Enterprise value
- —
- Beta
- 1.75
- Avg volume
- 185.02M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 7.87-20.906
- Exchange
- AMEX
Key ratios
- P/E (TTM)
- —
- PEG
- —
- Price / sales
- —
- Price / book
- —
- EV / EBITDA
- —
- Gross margin
- —
- Operating margin
- —
- Net margin
- —
- Current ratio
- —
- Quick ratio
- —
- Debt / equity
- —
- Interest cover
- —
Income statement
Balance sheet
Cash flow
Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.