Bitcoin ETF Trend Continues Unabated

Interest in ProShares' BITO Bitcoin ETF is increasing day by day; BITO stands out in the market with a weekly fund inflow of $65 million.
The Exchange Traded Fund (ETF) trend, which is rapidly moving the cryptocurrency industry up, is highlighted by the frequent participation of institutional and individual investors in the market. On June 26, senior ETF analyst Eric Balchunas observed an increase in inflows to the BTC futures fund, the ProShares Bitcoin Strategy ETF (BITO). BITO had the biggest in a year with weekly inflows of $65.3 million with assets exceeding $1 billion.
According to the latest developments, BTC rose from $ 24,800 to $ 31,500, with companies filing for ETFs, creating great excitement. A pioneer in ETF, BlackRock played a key role in rescuing BTC from a critical price band and rising above $30,000. After BlackRock, many companies made BTC ETF applications and moved the market upwards.
BTC, which has increased by 24% in total since June 15, had a positive impact on the market in a short time. BTC, the leader of cryptocurrencies with the successive ETF news, continues to affect the pricing of the news flow.
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