Strong inflows into the ProShares Strategy exchange-traded fund (ETF) (BITO) in the previous 2 weeks pressed its Bitcoin ( BTC) direct exposure to a brand-new record high.
The fund, which utilizes futures agreements to get direct exposure to Bitcoin’s cost motions, had a record 28,450 BTC under its management– worth about $1.27 billion at the existing cost– since March 24, compared to almost 26,000 BTC a month in the past, according to main information from ProShares.
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