ProShares ETF’s Bitcoin stock reaches $ 1.27 billion while BTC expects $ 50,000 by mid-April By Cointelegraph

ProShares ETF’s Bitcoin stock reaches $ 1.27 billion while BTC expects $ 50,000 by mid-April By Cointelegraph

© Reuters.

Strong inflows in ProShares Strategy Trading Fund (ETF)(BITO) has pushed its Bitcoin in the past two weeksBTC) exposure to a new record level.

The fund, which uses futures contracts to expose Bitcoin price movements, has had a record 28,450 BTC under its management – worth about $ 1.27 billion at current price – since March 24, compared to nearly 26,000 BTC a month earlier. according to official ProShares data.

ProShares Bitcoin ETFs as of March 24, 2022. Source: Official Website
ProShares BITO AUM. Source: Arcane Research
The purpose of Bitcoin ETF flows. Source: Glassnode
daily price chart. Source: TradingView
Discount in gray tones on the NAV chart. Source: YCharts
Grayscale Investments BTC holding. Source: Coinglass

Keep reading on the Coin Telegraph

Disclaimer: Fusion Media I would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by stock exchanges, but by market makers, so prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not suitable for trading. Therefore, Fusion Media assumes no responsibility for any trading losses you may incur as a result of using this information.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage resulting from reliance on information including data, quotations, charts and buy / sell signals contained on this website. Please be fully informed about the risks and costs associated with trading in financial markets, this is one of the riskiest possible forms of investment.



Source link

Leave a Reply