🔴 ProShares Bitcoin ETF is trading 3.6% down today on Bitcoin futures selloff and ex-dividend impact

ProShares Bitcoin ETF is trading 3.6% down today as Bitcoin futures face pressure from geopolitical tensions and the fund undergoes a mechanical ex-dividend adjustment.

• Renewed U.S.–Iran military tensions have triggered risk-off flows across the crypto market, negatively impacting the Bitcoin-linked futures that the fund tracks.
• The ETF is trading ex-dividend as of June 1, 2026, resulting in a price drop roughly equal to the value of the cash payout.
• Downside sentiment is being amplified by heavy recent outflows from U.S. Bitcoin ETFs, adding further pressure to the fund's performance.