BITO Bitcoin Futures ETF Surpasses $2 Billion in Assets, Achieving All-Time High

BITO Bitcoin Futures ETF Surpasses $2 Billion in Assets, Achieving All-Time High

BITO Bitcoin Futures ETF Surpasses $2 Billion in Assets, Achieving All-Time High

According to The Block, the assets under management of the Bitcoin futures ETF “ProShares Bitcoin Strategy ETF” (BITO) have exceeded $2 billion, reaching a historical high.

Simeon Hyman, Global Investment Strategist at ProShares, told The Block that as of January 8th closing, BITO’s total assets reached $2,010,057,946. He added that the fund grew 10% in a week from $1.8 billion on January 2nd and 18% in a month from $1.7 billion.

Hyman stated:

According to reports, Ark Invest sold over $200 million worth of Coinbase stock through its ETF in December 2023 and purchased $92 million worth of BITO at the end of December.

According to data compiled by The Block, BITO had a daily trading volume of $811.13 million on January 8th.

Bitcoin futures ETF trading volume (source: The Block)