How To Buy Proshares Ultrashort Bitcoin ETF (SBIT) Stock

How To Buy SBIT

Proshares Ultrashort Bitcoin ETF (SBIT) is a common stock listed on the NYSE ARCA exchange, which means you can buy the stock from most online brokers. Follow the steps below to learn how to purchase shares of SBIT.

1. Find a reliable broker.

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2. Fund your new account.

   You'll need to transfer money into your new brokerage account before you can buy the stock. Transferring via a bank transfer is recommended and the most common way to fund an account. Some brokers might allow funding via a debit or credit card.

3. Search for SBIT.

   When your funds are settled into your account, look for Proshares Ultrashort Bitcoin ETF on your broker by searching for the company name: Proshares Ultrashort Bitcoin ETF or the ticker symbol: SBIT.

4. Buy the stock.

   Once that you've found Proshares Ultrashort Bitcoin ETF on your broker, submit a purchase order to buy shares of the stock (currently $12.51 a share). Depending on when you purchase, the stock might be higher or lower than the price listed. You may also be able to purchase fractional shares depending on your broker.

   Once your order gets fulfilled, you've purchased your first shares of Proshares Ultrashort Bitcoin ETF.

   Tips When Buying

   When submitting your order, you may choose to buy shares of Proshares Ultrashort Bitcoin ETF at the market price with a market order or at a set price using a limit order.

   • Market order: Buys the stock immediately at its current price.
   • Limit order: Buys the stock only once it reaches your target price.

   By default all purchases are considered market orders unless specified otherwise. Limit orders are great for when you only want to buy shares of SBIT at a specific price.

Should You Buy SBIT Stock Now?

In the past week the price per share of Proshares Ultrashort Bitcoin ETF has gone down ↓0.79 (-5.94%) while the daily volume has increased slightly. You should buy SBIT now if you think the stock will recover soon, or wait until you think the stock is done dropping.

In the end, you should be comfortable with the risk of the investment and only buy shares of SBIT when you feel the time is right.