ProShares Bitcoin ETF rStock: A Novel Approach to Investing in Bitcoin
The ProShares Bitcoin ETF rStock (RBITO) is an investment fund that provides exposure to Bitcoin-linked pricing within traditional equity brokerage architectures.
Launched as the first US-regulated ETF, RBITO does not hold spot cryptocurrency but instead systematically manages and rolls front-month Chicago Mercantile Exchange (CME) Bitcoin futures contracts.
This approach makes its performance sensitive to contango rollover costs and multi-quarter curves, which can affect its value.