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The ProShares Bitcoin Strategy ETF (BITO), the first bitcoin futures ETF (BTC) to launch in the United States, has seen an increase in its deposited value, reaching an all-time high of over $2.01 billion.
BITO's rally began last October when it had $800 million in deposited value, representing a 150% increase.
Capital inflows into digital asset investment products amounted to $151 million during the first week of 2024, according to the firm CoinShares. ProShares led all issuers in the net inflows category during that period with inflows of $72 million.
Despite the fact that the spot bitcoin ETF has not yet been approved by U.S. regulators, 55% of inflows came from U.S. exchanges, while Germany and Switzerland received 21% and 17% respectively.