BITO/ ProShares Bitcoin ETF
Comprehensive risk audit, payout history, and forward-looking dividend projections.
What This Page Shows
- Dividend yield and net yield after fees (104.40% vs 104.40%)
- Risk tier classification: Tier 5 High Octane
- TTM NAV change: -61.2%
- Income sustainability flags and payout history trends
DivAgent Audit Brief
BITO is a Tier 5 High Octane asset yielding 104.40%. It utilizes an aggressive options strategy to generate income, resulting in high immediate yield but significant risk of NAV erosion. Warning: NAV has declined -61.2% over the TTM.
Provider
ProShares
Sector
—
Asset Class
—
Expense Ratio
—
AUM
$2.41B
Inception
—
Distribution
monthly
NAV Change (1Y)
-61.2%
NAV Erosion Warning
This fund has experienced 61.2% NAV decline with only -23.4% total return. High distributions may exceed underlying earnings, eroding principal over time.
Who Should Buy BITO?
BITO is best suited for Income Maximizers. The fund generates a 104.40% yield through collecting dividends from portfolio companies.
Speculative traders looking for short-term yield capture, willing to risk principal decay.
You are building a 'forever portfolio' and cannot tolerate NAV (share price) decline.
Quick Audit
- TypeTraditional Equity
- ComplexityHigh
- Tax EfficiencyLow (Ordinary Income)
- VolatilityModerate (Lower Beta)
Comparing stated yield to actual total return performance
Yield ≠ Returns
This high-yield fund is experiencing significant NAV erosion. While the stated yield is 104.4%, your actual return is only -23.4% due to principal decline.
NAV Erosion Warning: This fund has experienced 61.2% NAV decline with only -23.4% total return. High distributions may exceed underlying earnings, eroding principal over time.
Institutional Data Locked
Advanced liquidity metrics for Tier 5 assets are available to Premium members.
Unlock MetricsDivAgent Analyst Verdict
“BITO is currently serving as a high-yield accelerator. Investors should be aware that bito focuses on equities selected primarily for high current yield rather than growth potential. as a tier 5 high octane fund, it offers n/a yields by holding mature, slower-growth companies that distribute most earnings as dividends. high dividend strategies typically overweight sectors like utilities, telecommunications, and consumer staples—businesses with stable cash flows but limited expansion opportunities. bito sacrifices capital appreciation for current income, making it more suitable for retirees drawing monthly/quarterly cash than accumulators seeking long-term growth. dividend safety depends on payout ratios and free cash flow coverage. bito has delivered -0.2% total return (n/a income with -0.6% price movement). distributions are periodic and typically eligible for qualified dividend treatment. high dividend funds are appropriate for conservative income portfolios but should be balanced with growth exposure to avoid overconcentration in mature, low-growth sectors.”
Risk Profile Audit
Classified as high risk to principal. Significant NAV erosion is possible during volatile markets. Suitable only for income-focused satellite positions.
Price Chart
Live DataCalculate Your Returns
Estimate income for BITO
~113.57 shares at $8.80
Estimates use the latest forecasted distribution and are not guarantees.
Track BITO in DivAgentVerified Payout History
Last 5 of 20 Payments| Ex-Dividend Date | Amount | Frequency | Status |
|---|---|---|---|
| Feb 02, 2026 | $0.0100 | Monthly | PAID |
| Dec 24, 2025 | $0.7430 | Monthly | PAID |
| Dec 01, 2025 | $0.7760 | Monthly | PAID |
| Nov 03, 2025 | $0.8380 | Monthly | PAID |
| Oct 01, 2025 | $0.7560 | Monthly | PAID |
+15 more dividends hidden | |||
15 more dividends available
Upgrade to Premium to see up to 10 historical dividends, or Pro for unlimited access.
Compare BITO Alternatives
See All ComparisonsBITO FAQ
Common questions about BITO dividends, safety, and performance
Institutional Analysis Context
This FAQ section provides institutional-grade analysis of BITO. DivAgent evaluates dividend ETFs using a proprietary 5-Tier Risk Spectrum that measures income sustainability, NAV erosion risk, and distribution source quality. Data is updated daily from market sources.
DivAgent Data Methodology
Risk Tier Classification
Our 5-Tier Risk Spectrum is not an editorial opinion. It is a quantitative scoring model derived from 36-month volatility, max drawdown depth, and option skew (for derivative funds). A "Tier 1" rating implies volatility comparable to short-term treasuries, while "Tier 5" indicates localized volatility exceeding the S&P 500.
NAV Erosion Calculation
We calculate "Erosion" by stripping out distribution payments to isolate the price performance of the underlying collateral. If a fund's share price drops by more than its distribution yield over a rolling 12-month period, it is flagged as eroding capital. This protects investors from "Yield Traps" that return their own principal as taxable income.
Yield vs. Income
DivAgent distinguishes between "SEC Yield" (standardized) and "Distribution Rate" (cash-on-cash). For option-income ETFs (e.g., Covered Calls), we prioritize the Trailing 12-Month (TTM) distribution rate as a more accurate reflection of realized income, while flagging that future payouts fluctuate with implied volatility.
Performance Benchmarking
All "Total Return" metrics differ from price return. We assume immediate reinvestment of all dividends (DRIP) on the pay date, with no tax friction. This "Net Total Return" metric allows for a true apples-to-apples comparison between high-yield/flat-price funds and low-yield/high-growth funds.