BITO’s Bitcoin Equivalent Exposure Reaches All-Time High of 4425
Cryptocurrency investors have poured money into bitcoin exchange-traded products at a record pace since BlackRock filed for a spot ETF on June 15. The latest data from K33 Research shows that in the four weeks to July 16, the Bitcoin equivalent exposure of global listed ETPs increased by 25,202 BTC (about 757 million US dollars), reaching 196,824 BTC.
This is the second-highest monthly net inflow after the launch of ProShares futures-based ETFs and other futures-based ETFs in October 2021, said Vetle Lunde of K33 Research. Additionally, ProShares’ Bitcoin Strategy ETF (BITO) has an all-time high of 4,425 BTC in Bitcoin-equivalent exposure. BITO provides investors with Bitcoin-related returns through regulated products and holds more than $1 billion worth of CME Bitcoin futures.
This is the second-highest monthly net inflow after the launch of ProShares futures-based ETFs and other futures-based ETFs in October 2021, said Vetle Lunde of K33 Research. Additionally, ProShares’ Bitcoin Strategy ETF (BITO) has an all-time high of 4,425 BTC in Bitcoin-equivalent exposure. BITO provides investors with Bitcoin-related returns through regulated products and holds more than $1 billion worth of CME Bitcoin futures.