BITO’s bitcoin exposure climbing to a new ATH

Proshares’ bitcoin exposure has grown a to new all-time high as we enter yet another rolling week.
Source: ProShares

The total bitcoin exposure in ProShares BITO ETF has climbed to a new all-time high above 28,000 BTC after having seen two weeks of strong inflows.

Strong inflows into futures-ETFs may have spill-over effects on bitcoin’s price as market makers chase for delta-neutrality, leading them to accumulate more in the spot market to offset any possible net short exposure.

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