Bitcoin ETF fever returns: 'Biggest' inflow to ProShares' BITO in a year

ProShares’ BITO Bitcoin ETF saw a weekly inflow of $65 million as institutional investors have seemingly regained their mojo for Bitcoin futures.

Bitcoin

BTC

tickers down

$30,300

exchange-traded fund (ETF) fervor is back with a raft of new applications and an increase in capital inflows from institutional investors.

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On June 26, a surge of inflows to the ProShares Bitcoin Strategy ETF (BITO) — a Bitcoin futures fund — was observed by Bloomberg senior ETF analyst Eric Balchunas.

The fund had its largest weekly inflow in a year at $65.3 million with its assets topping $1 billion.