ProShares Ultra Bitcoin ETF (BITU) jumps 53% in a month but remains down 27% YTD amid Bitcoin volatility.

The ProShares Ultra Bitcoin ETF (BITU), which aims to deliver twice the daily performance of Bitcoin, surged 53% in one month following Bitcoin's rally above $85,000. Despite this strong monthly gain, BITU is still down 27% year-to-date due to the effects of daily resets and volatility decay inherent in leveraged ETFs. The ETF is best suited for tactical use during strong, sustained Bitcoin trends rather than as a long-term investment substitute for holding actual Bitcoin. The analyst rates BITU as a Hold, awaiting a sustained Bitcoin breakout with reduced volatility before adopting a more positive outlook.

The ProShares Ultra Bitcoin ETF (BITU) is currently priced at USD 15.86 on Pluang as of Sep 22, 2026 14:41 WIB. Despite the recent surge in Bitcoin, BITU shows a 1-day decline of 3.06% on the platform. The ETF maintains a market cap of $569.67 million with a typical hold time of 28 days among Pluang investors.