High volumes put ProShares Bitcoin futures ETF among “top 2%” of all ETFs
ProShares Bitcoin Strategy ETF was listed with major excitement in the US as the first-ever crypto-ETF on 19 October. After its bumper listing, BITO recently experienced “25% turnover” in one day, as per Bloomberg’s senior analyst Eric Balchunas.
Balchunas noted that with trade volumes close to $400 million in one day, BITO entered the “top 2%” club in the entire ETF ecosystem.
Having said that, Valkyrie Investments, the second U.S issuer of a Bitcoin Futures ETF, also saw some good trading. The analyst noted that both the ETFs had their “biggest volume days in about two weeks.”
Source: ETF.com
If we draw comparisons, BITO has an estimated asset under management of $1.38 billion. On the other hand, BTF’s AUM was calculated at $58.97 million, at
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