ProShares Bitcoin ETF vs Zscaler Inc — how do they compare? ProShares Bitcoin ETF trades at $8.56, while Zscaler Inc trades at $177.29 (market cap $28.87B). The key difference: Zscaler Inc is trading nearer its 52-week high, ProShares Bitcoin ETF nearer its low. Which is the better fit depends on your goals.
| BITO | ZS | |
|---|---|---|
Sector | Crypto-linked | Technology |
52-Week High | $22.27 | $336.27 |
52-Week Low | $7.98 | $118.05 |
Market Cap | — | $28.87B |
Enterprise Value | — | $27.20B |
Signals from Pluang's Aura AI — not financial advice
BITO trades at $8.64 with no recent price movement, showing technical bearish signals from moving averages while oscillators remain neutral. The ETF faces headwinds as recent analysis highlights underperformance compared to spot Bitcoin ETFs, with Seeking Alpha maintaining a Sell rating for retail investors. Dividend distributions of $0.01 per share provide modest income but haven't offset significant price declines over the past year.
The outlook remains challenging with institutional sentiment turning cautious amid crypto market volatility. Key risks include high fee structures, competitive pressure from newer spot Bitcoin ETFs, and correlation breakdowns with traditional risk assets. Analyst consensus leans bearish given the fund's structural disadvantages and ongoing crypto winter conditions.
Zscaler (ZS) trades at $176.68, up 4.74% with strong technical momentum and bullish analyst sentiment. The stock shows consistent revenue growth from $1.1B in 2022 to $2.67B in 2025, though profitability remains negative with a -2.44% net margin. Recent earnings beats and leadership in Gartner's Magic Quadrant for security platforms support positive momentum, while elevated valuation ratios (P/S 8.94, EV/EBITDA 188.83) reflect growth expectations.
Outlook remains cautiously optimistic with 79% analyst buy ratings and $191.81 consensus target, but risks include persistent unprofitability, high spending, and competitive pressures. The upcoming Q2 2026 earnings report on September 3 will be critical for validating growth trajectory amid concerns about execution and valuation sustainability.
Trailing returns across standard periods
Latest headlines on both assets
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 →Zscaler is a security-as-a-service firm that offers its customers cloud-delivered solutions for protecting user devices and data. The firm leverages its position in 150 colocation data centers to deliver traditionally appliance-based security functionality, such as firewalls and sandboxes, as a completely cloud-native platform. The firm focuses on large enterprise customers and offers two primary product suites: Zscaler Internet Access, which securely connects users to externally managed application and websites (such as Salesforce and Google), and Zscaler Private Access, which securely connects users to internally managed applications. Both product suites encompass a broad gamut of capabilities situated across the traditional security stack.
Read more on ZS →