Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ADOPTION NEWS»Bitcoin futures ETF ProShares BITO hits record high with over $2 billion in assets.
ADOPTION NEWS

Bitcoin futures ETF ProShares BITO hits record high with over $2 billion in assets.

By Crypto FlexsJanuary 10, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin futures ETF ProShares BITO hits record high with over  billion in assets.
Share
Facebook Twitter LinkedIn Pinterest Email
Market • January 9, 2024 11:56 PM EST

Posted 1 minute ago In ~

ProShares Bitcoin BTC

-1.63%
BITO (Strategy ETF), a Bitcoin futures exchange-traded fund, has accumulated assets of more than $2 billion, hitting an all-time high.

Simeon Hyman, global investment strategist at ProShares, told The Block that the fund had assets of $2,010,057,946 at the close of the market on January 8. He added that BITO grew 10% last week from $1.8 billion on January 2 and 18% last month from $1.7 billion on December 9, 2023.

“Many have pointed to speculation about spot Bitcoin ETFs as the driving force behind the rise in Bitcoin prices, but also crypto-related banking issues in March, rising interest rates, and other ‘challenges’ for Bitcoin exchanges,” Hyman said. .

“At the same time, the growing interest in Bitcoin has reminded us that obtaining short-term exposure to cryptocurrencies can be difficult and expensive. Futures-based short-term Bitcoin and short-term EETH ETFs BITI and SETH are currently “Available in brokerage accounts, it is the only ETF in the United States for investors looking for an opportunity to profit when the price of Bitcoin or Ether falls,” he continued.

new investment

In December 2023, Cathie Wood’s Ark Invest sold over $200 million worth of Coinbase stock through ETFs. The Block previously reported that the company purchased $92 million worth of BITO in late December.

According to data compiled by The Block, BITO’s daily trading volume on January 8 reached $811.13 million.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

MK Manoylov has been a reporter for The Block since 2020, joining just before Bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for publications covering all cryptocurrency-related news, preferring NFTs, metaverse, web3 games, fundraising, crime, hacking, and cryptocurrency ecosystem stories. MK holds a graduate degree from New York University’s Science, Health, and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. X You can follow MK at @MManoylov and on LinkedIn.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Crypto liquidation exceeds $ 900m after the Fed Chair ‘s jackson hole speech.

August 26, 2025

What happened in Crypto today

August 26, 2025

BitMine Immersion (BMNR) Reigns as the #1 ETH Treasury in the World, 2nd Largest Crypto Treasury Globally and the 20th Most Liquid US Stock, Trading $2.8 Billion per Day on Average

August 25, 2025

Gamdom Launches Next-Level Sportsbook Experience

August 25, 2025

NE-YO Partners With Neura To Transform Entertainment With Emotional AI

August 25, 2025

Mine BTC Daily With Okalio Mining, Allowing You To Earn Steady Profits Without Investing In Equipment!

August 25, 2025

HKGAI And FLock.io Partner To Advance Decentralised AI For Government Efficiency

August 25, 2025

BNB chain overtakes polygons with NFT sales on the 7th.

August 25, 2025

Distributed financial introduction

August 24, 2025

SANTIMENT says that Fed Rate Talk Signals Signals problems arise.

August 24, 2025

Ethereum Breaks $4,750 Support As Pepeto Crosses $6,287,248 In Presale Funding

August 23, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Crypto liquidation exceeds $ 900m after the Fed Chair ‘s jackson hole speech.

August 26, 2025

What happened in Crypto today

August 26, 2025

BitMine Immersion (BMNR) Reigns as the #1 ETH Treasury in the World, 2nd Largest Crypto Treasury Globally and the 20th Most Liquid US Stock, Trading $2.8 Billion per Day on Average

August 25, 2025
Most Popular

All Memecoins ‘connect back to Solana’ – How this affects SOL

October 20, 2024

Scoop: Will a Trump presidency help solve the cryptocurrency sentiment problem?

July 13, 2024

Jutta’s update on bug bounty program and security audits

May 13, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.