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

Sturdy inflows into the ProShares Technique exchange-traded fund (ETF) (BITO) up to now two weeks pushed its Bitcoin (BTC) publicity to a brand new report excessive.

The fund, which makes use of futures contracts to realize publicity to Bitcoin’s worth actions, had a report 28,450 BTC beneath its administration — value about $1.27 billion on the present worth — as of March 24, in comparison with practically 26,000 BTC a month earlier than, in accordance to official information from ProShares.

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