ProShares Bitcoin Strategy ETF (BITO)
Assets under management: $2.1 billion
Expense ratio: 0.95%, or $95 annually on every $10,000 invested
YTD return: 30.4%
A familiar ETF on the list of the best-performing funds so far this year, BITO is a way to play the popular cryptocurrency Bitcoin (BTC) without having a digital wallet to own it directly – or as directly as you can ever own digital assets. It does not tie its performance to stocks, but rather to the underlying performance of Bitcoin itself. BITO is part of a rash of recently approved "spot market" crypto ETFs, but it remains a top choice for many investors because it is both well capitalized (with a few billion in assets) and more affordable than some other funds. Bitcoin prices rolled back in April from their 2024 highs, but they look to be on the rise once more as the popular crypto's price is above $70,000 as of June 4. That could hint that momentum may return to the upside in the second half of the year.
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