Large number of giants apply for BTC spot ETF

ProShares Bitcoin Strategy (BITO), the first U.S. bitcoin futures ETF launched by asset manager ProShares in October 2021, has once again surpassed the $1 billion asset size mark, according to data posted on social media by Eric Balchunas, senior ETF analyst at Bloomberg, while the ETF also recorded its largest single-week inflow in 2023.