Saylor Buys $600M More BTC as Proshares BITO Hits ATH in AUM
The Breakdown
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ProShares Bitcoin Strategy ETF Hits ATH in AUM as Spot Bitcoin ETF Applications Show Promise
BITO, the ProShares Bitcoin strategy ETF, reaches an all-time high in assets under management, signaling its success and popularity since its launch. The chapter covers concerns about the futures-based ETF structure, the cost of rolling futures contracts, and provides updates on spot Bitcoin ETF applications by Grayscale and BlackRock.
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