BITO Bitcoin Futures ETF Surpasses 2 Billion in Assets Under Management Setting a New Record High

According to a report by “The Block”, the assets under management of the Bitcoin futures ETF “ProShares Bitcoin Strategy ETF” (BITO) have exceeded $2 billion, reaching a historic high. ProShares global investment strategist Simeon Hyman told The Block that as of the close on January 8th, BITO’s total assets reached $2,010,057,946. He added that the fund grew by 10% in a week from $1.8 billion on January 2nd, and by 18% in a month from $1.7 billion. Hyman stated that Ark Invest sold over $200 million of Coinbase stock through its ETF in December 2023, and purchased $92 million worth of BITO at the end of December. According to data compiled by The Block, BITO had a daily trading volume of $811.13 million on January 8th. Bitcoin futures ETF trading volume (Source: The Block)