ProShares ETF’s Bitcoin stash hits $1.27B as BTC eyes $50K by mid-April -Breaking
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© Reuters. Inflows to the area are strong Exchange-traded Fund (ETF) ProShares StrategyBITO has pushed Bitcoin in recent weeks (in the past 2 weeks).BTCThe exposure reached a record-breaking high.
The fund, which uses futures contracts to gain exposure to Bitcoin’s price movements, had a record 28,450 BTC under its management — worth about $1.27 billion at the current price — as of March 24, compared to nearly 26,000 BTC a month before, As perProShares provides official data.
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