“Investor demand for BITO remains strong, as shown by the ETF reaching a new high in assets under management,” Simeon Hyman, global investment strategist at ProShares, said in a statement to CoinDesk. “We believe this speaks to the demand for a familiar, accessible and regulated way to target the returns of bitcoin.”
Related posts
-
Bitcoin Scarcity Could Fuel $1.5M Price, Cathie Wood Declares
Investor Cathie Wood anticipates a flurry of mergers and acquisitions (M&A) among startups as regulatory changes... -
HYPE, BGB, MOVE gain in double-digits amidst Bitcoin correction
Hyperliquid, Bitget token and Movement added between 25% and 50% to their value this week. The... -
Bitcoin ETFs Experience Record $680 Million Single Day Outflow
The 12 U.S. spot bitcoin ETFs recorded $680 million in outflows with the broader crypto market...