Strong inflows into the ProShares Bitcoin Strategy ETF (BITO) in the past two weeks pushed its Bitcoin (BTC) exposure to a new record high. No Bitcoin outflows despite ‘rollover’ risks The fund, which uses futures contracts to gain exposure to Bitcoin’s price movements, had a record 28,450 BTC under its management — worth about $1.27 billion at today’s price — as of March 24, compared to nearly 26,000 BTC a month before, according to official data from ProShares. ProShares Bitcoin ETF holdings as of March 24, 2022. Source: Official Website Interestingly, the…
ProShares ETF’s Bitcoin stash hits $1.27B as BTC eyes $50K by mid-April
