• ProShares bitcoin-linked ETF hit $1 billion in assets under management in just two days, a record for the ETF industry.
  • Gold ETF GLD held the previous record, having crossed the $1 billion mark in three days after it launched in 2004.
  • A second bitcoin futures ETF is set to launch next week.

The ProShares Bitcoin Strategy ETF ($BITO), the first bitcoin-linked exchange-traded fund in the U.S., has become the fastest ETF ever to reach the $1 billion mark in assets under management (AUM).

It took the previous record holder, the gold ETF GLD, three days to cross through the ten digits and $BITO has done it in only two. Since going live yesterday, the fund has traded over $2 billion in volume.

BITO went live yesterday as an alternative investment vehicle for retail and institutional investors interested in indirect bitcoin exposure. The fund invests in bitcoin futures contracts, rather than actual BTC, and thus price appreciation of the fund’s shares may not track the bitcoin spot market price.





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