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ProShares’ BITO ETF has ‘first mover’ advantage, AUM grow 147%, report reveals
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The U.S. SEC’s rejection of the VanEck Spot Bitcoin ETF dampened the hopes of many traders who were hoping to gain exposure to the king coin. One might even wonder, do crypto investors care so much about Bitcoin ETFs? Arcane Research took a closer look at the ProShares BITO ETF and its much hyped “first-mover advantage.”
ProShares’ BITO was a clear winner when considering both the growth and distribution of Futures ETFs’ Assets Under Management [AUM].
Source: Arcane Research
Adding on to that, CoinShares data revealed that ProShares’ inflows for the week ending 19 November were $107.7 million. CoinShares further reported,
“The recently launched ETFs in the US saw over 90% of inflows into Bitcoin.”
Coming to the “first-mover advantage,” Arcane
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