ProShares Bitcoin ETF Tops $1 Billion Assets in Just 2 Days
- BITO saw over $1.2 billion in turnover on second trading day
- Fastest any ETF has hit $1 billion mark, BI data shows
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Pent-up demand for the first U.S. Bitcoin exchange-traded fund has driven assets held in the investment vehicle to more than $1 billion in just two days.
The ProShares Bitcoin Strategy ETF (ticker BITO) ended Wednesday with $1.1 billion under management after trading volume topped $1.2 billion, according to a press release. That’s the quickest that an ETF has reached the $1 billion mark, Bloomberg Intelligence data show.