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All Previous Records Have Been Broken By The Bitcoin ETF

The launch of the first BTC ETF (BITO) last week drew the biggest investor interest in this market to date.

We experienced record interest in BITO during its first week of trading, making it the most successful fund of its kind in history.

Several sources reveal that various companies attempted to develop the BTC ETF for the past eight years, until ProShares finally succeeded last week. As a result, ProShares launched the first bitcoin-linked ETF in the United States, which boosts capital primarily through managed exposure to Bitcoin futures contracts.

According to Arcane Research, this ETF reached a trading volume of $1 billion on its first day of trade.

The fund outperformed $1 billion in assets over the next two days.

As a result, the ProShares Bitcoin Strategy ETF (BITO) became the first to achieve the $1 billion AUM mark in such a short period of time. The previous record was held by the SPDR Gold Shares, which did not achieve success until three days following its initial public offering in 2004.

Valkyrie’s ETF (BTF) debuted last Friday, however it did not fare as well as BITO. However, with a first-day volume of $80 million, it ranks among the 15 most successful ETFs in history (out of 3,500).