Institutional Interest in Bitcoin Is Growing: The Largest ETF in the US Has Even Surpassed Its Bull Phase!

A new record has been reached as interest in the Bitcoin Strategy ETF (BITO) investment products of the leading investment products provider ProShares increases.

As expectations increase regarding US spot Bitcoin exchange-traded fund (ETF) approval, ProShares BITO The product made a high premium. In the balance sheet report shared by ProShares, assets under management (AUM) to $1.47 billion While it is stated that it has reached exceeding the peak in December 2021 a record It was emphasized that it means.

ProShares’ BITO since inception, according to data 160 million dollars per day among all ETFs in the U.S. by hosting the average trading volume to be in the top 5% He succeeded.

Increasing interest in BITO from institutional investors Bitcoin focused investment products It was attributed to his high appetite. On the Chicago Mercantile Exchange (CME) BITO traded enables investors to invest in Bitcoin-related returns.

ProShares’ global investment strategist Simeon Hymanpointing to the increasing demand for BITO and Bitcoin in accordance with the regulations He said that the number of actors who want to invest is increasing:

Investor demand for BITO remains strong, as evidenced by the ETF reaching a new high in assets under management. We believe this demonstrates demand for a familiar, accessible and regulated way to target Bitcoin returns. BITO’s average daily trading volume of $160 million since inception puts it in the top 5% of all U.S. ETFs.

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