ProShares ETF’s Bitcoin stash hits $1.27B as BTC eyes $50K by mid-April By Cointelegraph

ProShares ETF


© Reuters.

Strong inflows into the ProShares Strategy trade exchanged store (ETF) (BITO) in the beyond about fourteen days pushed its Bitcoin (BTC) openness to another record high.

The reserve, which utilizes fates agreements to acquire openness to Bitcoin’s cost developments, had a record 28,450 BTC under its administration – worth about $1.27 billion at the current cost – as of March 24, contrasted with almost 26,000 BTC a month prior, according to true information from ProShares.

ProShares Bitcoin ETF property as of March 24, 2022. Source: Official WebsiteProShares BITO AUM. Source: Arcane ResearchPurpose Bitcoin ETF streams. Source: Glassnode everyday cost graph. Source: TradingViewGrayscale Discount to NAV outline. Source: YChartsGrayscale Investments BTC holding. Source: Coinglass

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