ProShares Bitcoin ETF has hit UM 1 billion AUM in two days

  • ProShares Bitcoin-linked ETF hit $ 1 billion in management in just two days, a record for the ETF industry.
  • Gold ETF GLD holds the previous record, surpassing the $ 1 billion mark in the three days since its launch in 2004.
  • A second Bitcoin Futures ETF is set to launch next week.

ProShares Bitcoin Strategy ETF ($ BITO), the first bitcoin-linked exchange-traded fund in the United States, Become The fastest ETF to reach the সম্প 1 billion mark in assets under management (AUM).

The previous record holder, Gold ETF GLD, took three days to cross the ten mark and that BITO did it in just two. Since going live yesterday, the fund has transacted more than $ 2 billion.

BITO went live yesterday as an alternative investment vehicle for retail and institutional investors interested in indirect bitcoin exposure. The fund invests in bitcoin futures contracts instead of actual BTC and thus the fund’s share price increase cannot track the bitcoin spot market price.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button