ProShares Increases Exposure of its Bitcoin ETF to 28,000 BTC
Main page News, Bitcoin-ETF

Analysts at Arcane Research have just reported the number of CME contracts purchased by ProShares for its Bitcoin futures exchange-traded fund (BITO) has surpassed the equivalent of 28,000 BTC.

According to them, this is a record since its launch in October 2021.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

The firm's analysts have highlighted the current situation could result in market makers being forced to increase Bitcoin purchases in the spot market in an effort to achieve delta neutral.

Experts have said "interest in Bitcoin through traditional investment mechanisms is increasing."

For its part, another ETF, the the Purpose Bitcoin ETF, held Bitcoin futures for the equivalent of 36,271.8 BTC as of March 25. According to Glassnode, the inflow was 2,473.5 BTC in two weeks.

Read also:
Please describe the error