ProShares ETF's Bitcoin stash hits $1.27B as BTC eyes $50K by mid-April By Cointelegraph

ProShares ETF's Bitcoin stash hits $1.27B as BTC eyes $50K by mid-April

Cryptocurrency Mar 26, 2022 04:00PM ET

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ProShares ETF's Bitcoin stash hits $1.27B as BTC eyes $50K by mid-April

Strong inflows into the ProShares Bitcoin Strategy exchange-traded fund (ETF) (BITO) in the past two weeks pushed its Bitcoin (BTC) exposure to a new record high.

The fund, which uses futures contracts to gain exposure to Bitcoin's price movements, had a record 28,450 BTC under its management — worth about $1.27 billion at the current price — as of March 24, compared to nearly 26,000 BTC a month before, according to official data from ProShares.

ProShares Bitcoin ETF holdings as of March 24, 2022. Source: Official Website

ProShares BITO AUM. Source: Arcane Research

Purpose Bitcoin ETF flows. Source: Glassnode

BTC/USD daily price chart. Source: TradingView

Grayscale Discount to NAV chart. Source: YCharts

Grayscale Investments BTC holding. Source: Coinglass

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