ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) Shares Down 1.5% – What’s Next?

Posted by Stacy Sanders on Aug 14th, 2026

Shares of ProShares Ultra Bitcoin ETF (NYSEARCA:BITU – Get Free Report) dropped 1.5% during trading on Friday . The stock traded as low as $8.87 and last traded at $9.00. Approximately 2,884,278 shares were traded during trading, a decline of 42% from the average session volume of 4,931,930 shares. The stock had previously closed at $9.14.

ProShares Ultra Bitcoin ETF Stock Down 1.5%

The firm’s fifty day moving average is $9.35 and its two-hundred day moving average is $12.17.

Hedge Funds Weigh In On ProShares Ultra Bitcoin ETF

Large investors have recently made changes to their positions in the business. IMC Chicago LLC bought a new stake in ProShares Ultra Bitcoin ETF during the 1st quarter valued at approximately $311,000. EFG International AG bought a new position in ProShares Ultra Bitcoin ETF in the 4th quarter worth approximately $53,000. Heritage Wealth Advisors bought a new position in ProShares Ultra Bitcoin ETF in the 4th quarter worth approximately $243,000. Group One Trading LLC purchased a new stake in ProShares Ultra Bitcoin ETF during the 4th quarter valued at approximately $39,000. Finally, Advisory Services Network LLC purchased a new stake in ProShares Ultra Bitcoin ETF during the 3rd quarter valued at approximately $111,000.

ProShares Ultra Bitcoin ETF Company Profile

(Get Free Report)

The ProShares UltraBitcoin ETF (BITU) is an exchange-traded fund that is based on the Bloomberg Bitcoin index. The fund tracks 2x the daily price movements of an index that measures the price of Bitcoin. The fund uses swaps to provide leveraged exposure to Bitcoin. BITU was launched on Apr 2, 2024 and is issued by ProShares.