Futures-based bitcoin ETFs see lackluster interest

BITO now holds less than 5000 CME futures contracts for the first time since November, and its AUM has reached its lowest level since Oct 19, signaling dwindling interest for BTC exposure through futures-based ETFs
Source: BITO

In October, the first futures-based bitcoin ETFs went live. They quickly gained large adoption, as Proshares' BITO ETF became the fastest ever ETF to reach $1 billion in AUM after only two days of trading.

However, the interest in the BITO ETF and especially its competitors from Valkyrie and VanEck quickly dampened. The AUM of BITO hasn't been lower since two days following the ETF launch.

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