ProShares Ultra Bitcoin ETF Sees Significant Inflow Amidst Market Fluctuations
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ProShares Ultra Bitcoin ETF, trading under the ticker BITU, has experienced a notable influx of funds, with the latest flow amounting to $14,444,040. This influx represents approximately 1.86% of its current assets under management (AUM), which stand at $775,675,680.
Over the past year, the ETF has seen a net flow decrease of 38.30%, reflecting the volatile nature of the cryptocurrency market. Despite this, the recent inflow suggests renewed investor interest, possibly driven by recent price movements in the underlying asset.
The ETF’s primary asset, Bitcoin, denoted as BTC-USD, is currently priced at $93,355.83, marking a 1.88% increase over the past five days. However, the 1-day technical signal remains a Hold, indicating a cautious market sentiment.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.