In a dynamic turn of events, institutional investment avenues have experienced a remarkable surge in activity, aligning with Bitcoin’s current valuation at $34,209. This surge coincides with a growing wave of anticipation regarding potential regulatory shifts in the United States. Citing credible sources like Bloomberg, it’s revealed that Bitcoin exchange-traded funds (ETFs) are on the […]
BITO
US’ First Bitcoin-Linked ETF Records Largest Ever Weekly Inflow Of $65.3M
ProShares Bitcoin Strategy ETF [BITO], the first BTC-linked ETF in the United States has recorded the largest weekly inflow in a year at $65.3 million with its assets topping $1 billion, senior analyst Eric Balchunas noted. Although BITO has underperformed BTC year-to-date, the asset notched over a 3% gain on the day, reaching $17.57, according to Yahoo Finance. […]