BITO by ProShares bitcoinInterest in its ETF is growing day by day, BITO has created a weekly fund inflow of $ 65 million.
The Exchange Traded Fund ( ETF ) trend came to the fore with the frequent involvement of institutional and individual investors in the market. On June 26, senior ETF analyst Eric Balchunas signed up for the ProShares Bitcoin Strategy ETF, a BTC futures fund. BITO) observed an increase in entries. BITO, with $65.3 million in assets exceeding $1 billion, had its biggest weekly entry in a year.
News Flow Reflects Positively on the Market
When we consider the recent developments, BTC, which has reached $ 31,500 from $ 24,800, has caught a lot of excitement with companies applying for ETFs. Pioneer in this process for the ETF issue BlackRock It became one of the cornerstones in breaking the $30,000 mark, freeing BTC from a critical price band. After BlackRock, many companies applied for the BTC ETF, pushing the market up.
BTC, which has increased by 24 percent in total since June 15, greened the markets in a short time. With the succession of ETF news, the leader of cryptocurrencies, which has an upward trend, continues to price under the influence of the news flow.
