ProShares' Bitcoin Futures ETF Racks Up Biggest Weekly Inflow in a Year
Investors poured in $65 million to BITO in the past week, the data shows, breaking its previous 2023 high of just over $40 million in April.
A flurry of Bitcoin ETF filings in the U.S. has almost instantly spurred interest in the asset from institutional investment circles.
ProShares’ Bitcoin Strategy ETF (BITO) – a Bitcoin futures fund offered in the U.S. – last week recorded the highest weekly inflow in over a year as bitcoin (BTC) prices breached the $30,000 level, by Bloomberg senior ETF analyst Eric Balchunas shows.
BITO allows investors to gain exposure to bitcoin-linked returns with a regulated product and holds over $1 billion worth of CME Bitcoin Futures, shows.
Investors poured in $65 million to BITO in the past week, the data shows, breaking a previous 2023 high of just over $40 million in April. As such, the product did not see meaningful inflows in May and most of June as demand for bitcoin lulled.
BITO has closely tracked spot bitcoin prices which has likely added to its allure among traders. “It pretty much has tracked bitcoin perfectly. It lagged spot by 1.05% (annually), but its fee is 0.95%,” Balchunas tweeted.
The BITO buying pressure likely indicates interest in bitcoin exposure among institutional investors closely on the back of a bitcoin ETF frenzy in the U.S.
Bitcoin prices rallied in the past two weeks as investment giant BlackRock (BLK) filed for a spot bitcoin ETF in the U.S.
The world's largest cryptocurrency by market capitalization touched $31,000 over the weekend to extend monthly gains to 14%, as per CoinGecko data.
The U.S. Securities and Exchange Commission (SEC) has consistently blocked spot products from launching, but BlackRock’s stature and history of ETF approvals have spurred for bitcoin among some traders.
Edited by Parikshit Mishra.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Astar (ASTR) Price Rally: Blockchain Connectivity Driving DeFi Expansion
- Astar (ASTR) surged 1.95% in Q3 2025 due to cross-chain integrations and institutional adoption, highlighting blockchain interoperability's role in DeFi growth. - Strategic partnerships with Animoca Brands and Sony are bridging Web2/Web3 ecosystems, while Chainlink CCIP enables $12T+ in secure cross-chain transactions. - Astar 2.0's zkEVM and 150,000 TPS scalability, plus 20% wallet growth and $3.16M whale accumulation, signal strong institutional confidence despite 30-day 24.9% volatility. - TVL reached
JPMorgan Connects Traditional Finance and Decentralized Finance Through Blockchain-Based Deposit Token
- JPMorgan launches JPM Coin, a blockchain-based deposit token for institutional clients, enabling instant settlements via Coinbase's Base network. - The yield-bearing token represents USD deposits, offering faster transactions than stablecoins and expanding to euros and other blockchains. - JPMorgan bridges TradFi and DeFi by leveraging public blockchain infrastructure, aligning with industry trends toward faster, lower-cost payment systems . - The bank increased BlackRock Bitcoin ETF holdings by 64% in Q
Bitcoin Updates Today: Centralization Issues in Bitcoin Mining Face a Decentralized Funding Response
- Maestro launches Mezzamine, a BTC yield platform connecting institutional investors with miners to address $2 trillion in idle Bitcoin and mining capital shortages. - The platform uses on-chain secured credit facilities, offering miners liquidity backed by hashrate and energy assets while providing investors with decentralized yield opportunities. - By channeling institutional BTC into mining, Mezzamine aims to decentralize operations, enhance network security, and reduce hashpower concentration. - Over
Brazil's Cryptocurrency Regulations: Combating Scams or Raising Concerns Over Surveillance?
- Brazil's central bank mandates $7M+ capital reserves for crypto firms, classifying stablecoin trades as FX operations under new 2026 rules. - VASPs must obtain BCB licenses by November 2026, with capital requirements varying from $2M to $7M based on business type. - Stablecoin transactions now require FX-style documentation, while self-custody wallet transfers face enhanced AML tracking and owner verification. - Critics warn of privacy risks and "total surveillance," but officials highlight consumer prot
Trending news
MoreCrypto prices
More
