💰 ProShares' BITO (ProShares Bitcoin Strategy ETF) fund's assets under management (AUM) temporarily surpassed $2 billion on January 9th (local time) and are on an upward trajectory, as reported by Blockworks. On January 8th (local time), the fund saw a trading volume of 35 million shares, equivalent to $800 million. BITO, a BTC futures ETF, was initially launched in the United States in October 2021, and the anticipation of a BTC spot ETF approval has been driving the growth in AUM, which currently stands at around $1.74 billion. 🚀📊 #BITO #BitcoinETF💰💰💰 #CryptoInvestments

#bitcoinetf BITO Sees Biggest Weekly Inflow in a Year, Hits $1 Billion in Assets as Institutional Investors Flock to the Product

This title provides more information about the news story, such as the fact that institutional investors are flocking to #BITO . It also highlights the fact that BITO's assets have now surpassed $1 billion, which is a significant milestone .

#BinanceTournament #pepe

$BTC $ETH #crypto2023 #$SOL

Increase in Corporate Demand in Bitcoin Investments
Bitcoin continues to close above $34,000 and there are many events that increase investors' hopes. Increasing institutional demand indicates that Bitcoin prices may end the bear season. In particular, the CoinShares report and possible approval, which will be published on Monday, seem to be a source of hope for investors.
Possible #ETF approval in the United States increases interest in Bitcoin investment vehicles preferred by institutional and accredited investors. Open positions are running to $30 billion, and all this data shows that corporate demand may end the bear season.
The increase in interest in ProShares Bitcoin Strategy ETF (BITO) and GBTC is supported by Bloomberg data. It is stated that traded $1.7 billion last week and continues to grow in terms of volume.
It is thought that Grayscale Bitcoin Trust has exceeded the $800 million volume threshold and there may be further increases. Amid intense demand, the number of people who aim to buy discounted and sell it profitably with the increase in Bitcoin price after approval is increasing. This ensures that the Bitcoin price remains strong even as volumes drop on crypto exchanges.

Why I am certain #etf will be Jackpot 🎰

#BITO traded $1.7b last week, 2nd biggest week since its wild WEEK ONE. #gbtc did $800m. That's $2.5b (top 1% among ETFs) into two less desirable methods (vs spot) for exposure = while we think spot ETFs unlikely to set records on DAY ONE, clearly there's an audience. Let #SEC bring the show for us.
#crypto2023