The ProShares UltraShort Bitcoin ETF, which delivers 2x the inverse daily performance of bitcoin, recorded $18.8 million in inflows Monday, the largest since its April launch, Bloomberg reported.

ProShares Ultra Bitcoin ETF aims to generate 2 times the daily reward of the price of Bitcoin, primarily for short-term traders. Holding leveraged funds like BITU for too long can result in ...

ProShares was the first bitcoin ETF to hit the market, back in October 2021. It garnered $1 billion in growth in its first few days. The ETF fell hard in the 2022 crypto winter but regained value ...

The Bitcoin spot ETF launch was one for the history books. By all accounts, it was the largest launch of an ETF product in history, beating out the previous record set by the Proshares Bitcoin ...

ProShares, the issuer of the first U.S. bitcoin futures-linked exchange-traded fund (ETF), said concerns that costs associated with trading of the derivatives would lead to tracking errors are ...

Collective flows to the nine funds outpaced postlaunch flows into the ProShares Bitcoin Strategy ETF, which drew a record $1.2 billion in the first three days of trading after its 2021 launch.

The ProShares Bitcoin Strategy ETF, the first Bitcoin Exchange-Traded Fund (ETF) to trade on a major US exchange, is currently leading the global Bitcoin ETFs with 35,970 BTC, accounting for 16.6% of ...

Source: Morningstar Direct. Data as of Feb. 9, 2024. Net Flows Separate the Best From the Rest. In their first month, the nine new bitcoin ETFs brought in over $8.0 billion in new investment.

And closer to home, the ProShares Bitcoin Strategy ETF (BITO), based on bitcoin futures, amassed around $1.5 billion in inflation-adjusted terms in the 30 days after its introduction in October ...

The problem for the ETF issuers, however, was that one ETF, the ProShares Bitcoin Strategy ETF (BITO) ... IBIT has to be a heavy favorite to be the over asset flow winner. VanEck Bitcoin Trust (HODL) ...