Major Bitcon ETFs are breaking records in terms of BTC inflows. The United States’ first bitcoin (BTC) linked Exchange-traded fund (ETF), ProShares ETF which trades under the ticker BITO on the New York Stock Exchange has secured a new achievement. As per Arcane Research, the total Bitcoin exposure in the BITO ETF has created a new all-time high with over 28,000 BTC. It has been possible due to the heavy inflows over the past two weeks.
BITO to roll out 3846 futures contracts
The Arcane Research explained that such heavy inflows into futures-ETFs over the weeks may have spill-over effects on bitcoin’s price. However, it also mentioned that market makers chase for delta-neutrality which eventually leads them to gather more in the spot market to balance net short exposure.
Adding on, BITO has announced to roll out its 3846 March futures contracts. The last time rolling period proved to be very difficult due to the uncertain market conditions following the Russian-Ukraine conflict.
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