# SBIT (ProShares UltraShort Bitcoin ETF)

ProShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: SBIT returned −38.3% where its own daily promise gave −39.2%, 1.0 points over.

## Key facts

- SBIT, what IBIT did: +21.4%, as of Sep 11, 2026.
- SBIT, what −2 times a day gives: −39.2%, as of Sep 11, 2026.
- SBIT, what the fund returned: −38.3%, as of Sep 11, 2026.
- SBIT, the fund itself added: +1.0 pts, as of Sep 11, 2026.
- SBIT, net assets: $151m (issuer page, as of Sep 11, 2026).
- SBIT, expense ratio: not read by ETFIQ, as of Sep 11, 2026.

## SBIT over each window to Sep 11, 2026

| Window | Fund | IBIT | -2x the move | Difference | IBIT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −36.3% | +22.0% | −43.9% | +7.6 pts | 45% |
| 3 months | −38.3% | +21.4% | −42.9% | +4.6 pts | 38% |
| 6 months | −28.6% | +8.4% | −16.8% | −11.8 pts | 38% |
| 1 year | +31.5% | −32.7% | +65.4% | −33.9 pts | 45% |
| Since launch | −82.3% | +16.4% | −32.8% | −49.5 pts | 48% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of IBIT, reset daily | ETFIQ |
| Multiple a holder actually got over the window | -1.78 times, against -2 stated | ETFIQ |
| Underlying | IBIT | ETFIQ |
| Segment | asset class, crypto | ETFIQ |
| Net assets | $151m | issuer page, as of Sep 11, 2026 |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Apr 2, 2024 | ETFIQ |
| Underlying volatility over the window | 38% annualized | ETFIQ |

## Questions

### Did SBIT return -2 times IBIT?

Over the window to Sep 11, 2026, IBIT moved +21.4% and SBIT returned −38.3%. 2 times that move is −42.9%, so the fund came out 4.6 points ahead of it.

### Why does SBIT not return -2 times over a year?

Because it resets daily. SBIT aims at -2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which -2x IBIT ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, SBIT, data as of Sep 11, 2026. https://etfiq.com/funds/SBIT
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/SBIT  ·  JSON: https://etfiq.com/funds/SBIT.json