ProShares UltraShort Bitcoin ETF (SBIT) is an exchange-traded fund in the Trading Miscellaneous category. It has $127.54M in assets, an expense ratio of 0.95% and a 9.89% dividend yield. The index is designed to measure the performance of a single bitcoin traded in USD and seeks to provide a proxy for the bitcoin market. Under normal circumstances, the fund will invest at least 80% of the fund’s assets in, or provide exposure to, financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the daily target. The fund is non-diversified.