Record-breaking demand for the first U.S. Bitcoin ETF

The futures-based BTC ETFs have been a massive success in their first week of trading, accruing more than $1 billion worth of assets at a record-breaking pace.
Source: Proshares, Valkyrie

Last Tuesday was a historic day for bitcoin with the first U.S. BTC-linked ETF launch after 8 years of unsuccessful attempts as ProShares’ futures-based BITO ETF hit the market.

The ETF launch was, by all accounts, a very popular launch. On its first trading day, the ETF reached a trading volume of $1 billion, and after two days, the fund surpassed $1 billion in assets. No other ETF has exceeded the $1 billion AUM milestone faster, and the previous record was held by SPDR Gold Shares, which hit the milestone three days after its debut in November 2004.

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