ProShares Bitcoin ETF vs Materials Select Sector SPDR Fund — how do they compare? ProShares Bitcoin ETF trades at $8.66, while Materials Select Sector SPDR Fund trades at $53.25. The key difference: Materials Select Sector SPDR Fund is trading nearer its 52-week high, ProShares Bitcoin ETF nearer its low. Which is the better fit depends on your goals.
| BITO | XLB | |
|---|---|---|
Sector | Crypto-linked | — |
52-Week High | $22.27 | $53.62 |
52-Week Low | $7.98 | $42.23 |
Trailing returns across standard periods
BITO offers exposure to Bitcoin returns primarily through Bitcoin futures contracts. It provides a regulated way for investors to trade Bitcoin performance within a traditional brokerage account without direct ownership.
Read more on BITO →In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: chemicals; metals and mining; paper and forest products; containers and packaging; and construction materials. The fund is non-diversified.
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