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ProShares' bitcoin futures fund becomes the fastest ETF to top $1 billion in assets under management

1 month ago   |   By Business Insider

A banner for the newly listed ProShares Bitcoin Strategy ETF hangs outside the New York Stock Exchange.
Photo by Spencer Platt/Getty Images
The ProShares Bitcoin Strategy Fund is the fastest ETF to eclipse $1 billion in assets under management. The bitcoin futures ETF hit $1.1 billion in AUM after its second full day of trades. The prior record holder was the SPDR Gold Shares ETF, which took three days to hit $1 billion in AUM in 2004. Investor demand for the first bitcoin futures ETF is off the charts and setting records, according to data from Bloomberg. After just two days of trading...
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