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.
Mar 21st 2022
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.