While the cryptocurrency market awaits a spot Bitcoin ETF, ProShares’ forward Bitcoin ETF has broken an all-time record.
While rumors that spot Bitcoin exchange-traded fund (ETF) applications will be approved keep the market busy ProShares Bitcoin Strategy ETF (BITO) By amassing over $2 billion in assets to all-time high (ATH) reached.
Futures Bitcoin ETF according to data $2.01 billion on January 8 hosted the entity. Fund as of January 2 $1.8 billion broke its peak in a week 10% growth has provided. The fund will also be transferred on December 9, 2023. 1.7 billion dollar level in the last month 18% grew up.
ProShares global investment strategist Simeon Hyman He made the following noteworthy statements in his statement to The Block:
Many have pointed to speculation about a spot Bitcoin ETF as the driver of Bitcoin’s price rise, but even in the face of crypto-related banking crises in March, rising interest rates and other ‘challenges’ on Bitcoin exchanges, Bitcoin is forecast to rise through much of 2023. It should be noted. At the same time, the growing interest around Bitcoin suggests that short-term exposure to cryptocurrencies may be difficult and expensive. BITI and SETH, futures-based short bitcoin and short ether ETFs respectively, are available in brokerage accounts today and are the only ETFs in the U.S. for investors looking for an opportunity to profit when the price of bitcoin or ether declines.