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You are here: Home / Archives for BITO

BITO

Bitcoin ETFs Anticipate Record Weekly Inflows Amid Regulatory Turmoil

October 29, 2023 by Arslan Tabish

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 […]

Filed Under: Bitcoin News, News Tagged With: Bitcoin (BTC), BITO, Crypto, Cryptocurrency, ETF, GBTC

US’ First Bitcoin-Linked ETF Records Largest Ever Weekly Inflow Of $65.3M

June 26, 2023 by Lipika Deka

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. […]

Filed Under: Bitcoin News Tagged With: Bitcoin, BITO, ProShares

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