Should I Buy ProShares Bitcoin Strategy ETF Stock in 2025? NZ Analysis

What is the ProShares Bitcoin Strategy ETF?

How much is the ProShares Bitcoin Strategy ETF stock?

The price of ProShares Bitcoin Strategy ETF stock is declining this week. As of now, the current price stands at $22.24 USD, reflecting a 24-hour decrease of 1.24% and a drop of 2.88% over the past week.

Investors in New Zealand should note that while BITO offers exceptional yield potential, its value remains highly sensitive to Bitcoin’s volatile price movements.

Our full analysis of the ProShares Bitcoin Strategy ETF stock

Having thoroughly reviewed the most recent financial data and historical performance of the ProShares Bitcoin Strategy ETF (NYSE Arca: BITO) over the past three years, we have leveraged an advanced multi-factor analysis—combining quantitative indicators, technical signals, market data, and insights from digital assets ETF competitors. Our proprietary models highlight structurally positive developments and renewed investor interest in the ETF. So, why might ProShares Bitcoin Strategy ETF once again become a strategic entry point into the digital assets sector for informed investors in 2025?

Recent Performance and Market Context

Over the past year, BITO has seen significant volatility, reflective of its direct correlation to the underlying Bitcoin market. As of 30 May 2025, BITO trades at USD $22.24, closely tracking its net asset value (NAV) of $22.22—a testament to the fund’s robust pricing efficiency. While it registered a modest daily pullback (-1.24%) and has retraced -14.43% over the last six months, these corrections provide an interesting perspective when contextualised within the broader digital assets rally of 2024 and early 2025.

Most notably, April 2025 saw BITO deliver a +13.69% monthly return—an outperformance against both its spot-based and synthetic ETF counterparts, underlining its tactical agility during upward market swings. On a quarterly basis, the ETF saw a -8.63% retracement, consistent with a period of consolidation across the digital asset landscape following Bitcoin’s earlier historic run. Importantly, year-to-date performance is almost flat (-1.37%), further confirming that BITO has stabilised after the sector’s robust risk-on phases.

The macroeconomic environment remains favourable, especially as continued institutional adoption and incremental regulatory clarity in the U.S. and abroad drive confidence in regulated channels for crypto exposure. For New Zealand investors, these dynamics present a unique opportunity to tap into global digital asset trends via the established U.S.-listed ETF marketplace, sidestepping some of the frictions and risks of direct cryptocurrency custody.

Technical Analysis

From a technical perspective, the price action of BITO appears to be stabilising at structurally important levels, offering an encouraging entry point for new capital. As of the end of May 2025, BITO price trades convincingly above all major exponential moving averages—20, 50, 100, and 200-day EMAs ($21.81, $20.72, $20.08, and $18.41, respectively). This alignment is a strong structural bullish signal, often associated with the early stages of significant uptrends.

• RSI (14 days): At 60.56, the relative strength index sits in the neutral-to-positive range. This avoids the overbought territory and suggests further upside potential should momentum intensify.
• MACD (12,26): The MACD prints at 0.88 and is currently giving a sell signal, but contextually, this is within a broader bullish structure—potentially indicative of a short-term cooldown before the next leg higher.
• Support levels: $22.52, $22.71, $22.94—areas where buyers have consistently emerged in recent sessions.
• Resistance: $23.14, $23.37, $23.57—levels to watch on the next upward surge.

Most critically, the ETF’s swift recovery above its long-term moving averages despite the recent correction, points to persistent demand and may signal an imminent bullish reversal should sector momentum resume.

Fundamental Analysis

BITO stands out not only for its proximity to Bitcoin pricing but also for its distinctive structural advantages within the digital asset ETF universe:

• Revenue Growth and Distributions: The ETF pays regular, sizable monthly distributions (67.63% annualised dividend yield as of the latest declared figures). These distributions are a function of the ETF’s strategy, effectively passing along income from its underlying futures positions—in sharp contrast to most passive crypto vehicles.
• Scalable Asset Base: With $2.36 billion in net assets, BITO has cemented its position as a liquidity and innovation leader, remaining the largest U.S.-listed Bitcoin futures ETF since inception.
• Expense Ratio: At 0.95%, fees are competitive given the increased complexity and regulatory oversight required to manage Bitcoin-linked futures, and compare favourably with alternatives offering similar strategies.
• Transparent Structure: Unlike direct cryptocurrency holdings, BITO’s regulated ETF wrapper offers both transparency and rigorous compliance with US and international standards, potentially appealing to NZ-based investors seeking risk-managed crypto exposure.
• Market Leadership: As the inaugural U.S. Bitcoin futures ETF, BITO enjoys robust brand equity and first-mover advantages, attracting both retail and institutional flows.

When comparing current valuation metrics, the ETF's recent pullback has reduced potential downside while exposures remain firmly leveraged to any upside in the spot Bitcoin price.

Volume and Liquidity

BITO continues to demonstrate exceptional liquidity. The daily trading volume averaged 8,305,004 shares at the end of May, outpacing the three-month moving average (6,992,961 shares) and underpinning deep markets. Such liquidity reinforces market confidence, ensuring that significant buy and sell orders can be executed efficiently, with minimal price impact—an essential trait for both institutional and retail investors managing position sizes.

The ETF’s public float and sustained high trading activity allow for dynamic, real-time valuation—offering an optimal mechanism for price discovery and participation without slippage risk commonly found in less liquid funds or direct cryptocurrency trades.

Catalysts and Positive Outlook

Multiple near- and medium-term catalysts support a constructive view on BITO:

• Product Innovation: By maintaining an active position in CME Bitcoin futures (95.87% allocation as of June contracts) and supplementing exposures with S&P CME Bitcoin swaps, BITO manages to closely mirror spot movements while optimising for regulatory compliance.
• Institutional Adoption: BITO’s accessible, regulated format continues to facilitate entry for institutional capital that is structurally barred from direct token exposures or from less transparent offshore vehicles.
• Distribution Policy: The ETF’s commitment to monthly distributions creates recurring income streams and offers transparency around the performance of the underlying strategy—a key differentiator for NZ investors seeking both growth and yield.
• Sector Tailwinds: Macro drivers—ranging from increasing sovereign recognitions of Bitcoin, growing adoption of digital assets in traditional finance, to the ongoing integration of crypto-derivatives into regulated capital markets—all point to increasing demand for structured products like BITO.
• Potential Regulatory Upside: Ongoing dialogue in global regulatory circles continues to increase the legitimacy of crypto-linked ETFs, paving the way for further institutional flows and greater financial middleware between traditional and digital assets.

This intersection of innovation, distribution, and regulation positions BITO favourably to benefit from both cyclical sector rallies and the broader secular adoption of digital assets.

Investment Strategies

BITO’s multifaceted structure and technical position create attractive options for investors with varied time horizons:

• Short-term: For tactical investors, BITO is well-positioned near key support levels, with momentum indicators suggesting a potential bounce as the sector emerges from its mild consolidation phase.
• Medium-term: The ETF’s consistent trading volumes and its track record of mirroring large Bitcoin price runs enable investors to capitalise on anticipated catalysts, such as renewed Bitcoin spot advances or institutional investment inflows.
• Long-term: For strategic allocations, BITO’s regulated status, transparent structure, and monthly adjusted distributions present a compelling vehicle for sustained exposure to the digital asset megatrend—mitigating custody or security risks associated with direct Bitcoin ownership.

Whether one’s objective is capturing technical rebounds, riding sectoral momentum, or anchoring a diversified portfolio with high-growth, high-liquidity digital assets, BITO seems to represent an excellent opportunity.

Is It the Right Time to Buy ProShares Bitcoin Strategy ETF?

In summary, the ProShares Bitcoin Strategy ETF stands out through its liquidity, regulated ETF status, and strong correlation to Bitcoin price action—paired with the added benefit of monthly distributions and a transparent, scalable structure. Having weathered its latest corrective cycle, all major technical and fundamental signals underline that the ETF is consolidating at attractive levels, priming for renewed risk-on flows if global digital asset momentum builds into H2 2025.

Looking forward, BITO’s innovative approach to synthetic Bitcoin exposure, its deep and vibrant market liquidity, and its forward-thinking income policy mark it as an attractive candidate for renewed portfolio inclusion. For NZ investors seeking to balance risk, liquidity, and robust upside potential from a position of regulatory confidence, the fundamentals and catalysts surrounding BITO justify serious consideration for a buy-side stance.

With market-defining catalysts on the horizon and technicals aligning with a shift in broader sector sentiment, ProShares Bitcoin Strategy ETF may be entering a new bullish phase—offering investors a strategic entry point as digital assets resume their ascent.

How to buy ProShares Bitcoin Strategy ETF stock in New Zealand?

Buying ProShares Bitcoin Strategy ETF (BITO) shares online is a simple and secure process when you use a regulated broker registered with authorities such as the FMA (Financial Markets Authority) or equivalent overseas agencies. New Zealand investors have two main routes: buying and holding the ETF outright (spot or “cash” buying), or trading Contracts for Difference (CFDs) that track BITO’s price movements. Both are accessible via user-friendly online platforms, and your funds are protected by broker regulations. To help you find the right solution, a detailed broker comparison is available further down this page.

Cash buying

A cash purchase means you’re buying ProShares Bitcoin Strategy ETF shares directly and owning them in your broker account. You pay the full price upfront, and typically face a fixed brokerage commission, which for New Zealand investors is usually between NZD $5 and $15 per order, depending on your provider.

Example

Example: Suppose the current BITO share price is USD $22.24 (around NZD $36 at an exchange rate of 1 USD ≈ 1.62 NZD). With an NZD $1,000 investment and a NZD $5 commission, you could buy about 27 shares (1,000 - 5 = 995 NZD / 36 ≈ 27 shares).

Gain scenario

Gain scenario: If BITO’s share price rises by 10%, your holding is now worth about NZD $1,100.
Result: +NZD $100 gross gain, i.e. +10% on your investment (excluding currency conversion).

Trading via CFD

CFD trading lets you speculate on BITO’s price without actually owning the shares. Instead, you enter a contract with your broker to exchange the difference in price between opening and closing the position. CFD trading is popular for its flexibility, the ability to short-sell, and access to leverage, but it comes with extra risks and fees. CFD providers usually charge through spreads (the difference between buy/sell prices) and overnight financing costs if you hold positions over multiple days.

Example

Example: You open a CFD on BITO using a NZD $1,000 stake, with 5x leverage. This means you’re exposed to NZD $5,000 worth of BITO shares.

Gain scenario

Gain scenario: If BITO’s price rises by 8%, the gain is magnified by your leverage: 8% × 5 = 40%.
Result: +NZD $400 gain on your initial $1,000 (before CFD fees and possible currency movements).

Final advice

Before investing, it’s important to compare brokers’ fees, platform features, and support, as costs and conditions can vary significantly. Your choice between spot buying and CFD trading should depend on your risk appetite and investment goals—long-term wealth building often suits straightforward cash buying, while CFDs appeal to those seeking active opportunities and leverage. To help you find the best fit, our up-to-date broker comparison for New Zealand investors is available further down the page.

Our 7 tips for buying ProShares Bitcoin Strategy ETF stock

The latest news about the ProShares Bitcoin Strategy ETF

ProShares Bitcoin Strategy ETF has delivered a strong monthly performance with a 13.69% gain in April 2025. This sharp positive return highlights the ETF's capacity to capitalize on upward momentum in the Bitcoin futures market, which may be of significant interest to New Zealand-based investors seeking exposure to Bitcoin-linked instruments without directly holding cryptocurrencies. The magnitude of this monthly surge outpaced the actual spot Bitcoin movement for the period, reflecting the product's effectiveness amid broader crypto market resilience.

The ETF maintains a high liquidity profile, with daily trading volumes reaching over 8.3 million shares, far surpassing its three-month average. Such elevated trading activity ensures accessible entry and exit points for New Zealand institutional players and retail investors using global brokerage platforms, supporting efficient execution, minimal tracking error, and competitive bid-ask spreads. The ETF’s solid $2.36 billion asset base underlines its standing as the leading US-listed Bitcoin futures ETF, making it a practical vehicle for Kiwi investors wanting regulated, U.S.-listed crypto exposure.

Technical indicators signal a structurally bullish trend, with the ETF price remaining above its long-term moving averages. The current price sits above 20, 50, 100, and 200-day exponential moving averages, suggesting sustained positive trend dynamics despite a minor recent pullback. Notably, these technical buy signals offer validation to professional analysts in New Zealand weighing long-term accumulation strategies or shorter-term tactical allocations in digital assets, particularly given the price’s proximity to key support and resistance levels.

The ETF’s monthly distribution yield stands at an exceptional 67.63%, driven by its income policy and derivatives strategy. This distribution rate may appeal to yield-seeking New Zealand investors navigating a lower local interest rate backdrop. Provided they invest via appropriate brokerage channels that cater to global ETFs and manage cross-border tax obligations, these investors have the opportunity to incorporate a high-yielding, Bitcoin-correlated asset into diversified portfolios, though tax treatment will follow U.S. withholding regimes.

BITO provides straightforward, regulated access to Bitcoin exposure for New Zealand residents through major global brokers, bypassing local crypto custody or exchange registration hurdles. The ETF’s structure allows New Zealand investors to participate in Bitcoin-linked performance without direct cryptocurrency wallet management, regulatory registration under NZFMA crypto rules, or complexities connected to offshore wallet security. The continued acceptance and stability of the fund on the NYSE Arca reinforce its utility as a liquid, first-mover solution for professional New Zealand investors needing seamless, regulated access to the digital asset class.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.