ProShares' BITO Bitcoin ETF Sees Largest Inflow in a Year

ProShares' BITO Bitcoin ETF saw a weekly inflow of $65 million as institutional investors have regained their interest in Bitcoin futures. The fund had its largest weekly inflow in a year at $65.3 million with its assets topping $1 billion. The resurgence in ETF trading and the resultant BTC price pump has also been good news for the world’s largest crypto asset manager, Grayscale. It remains unclear if the Securities and Exchange Commission will approve a spot Bitcoin ETF, but the race is now on as a new wave of filings has followed BlackRock’s.