ProShares Bitcoin Strategy ETF Price & Performance (BITO)

Global crypto funds experienced net outflows of $876 million last week, marking the fourth consecutive week of declines. Total assets under management have fallen to $142 billion, the lowest since late 2020. Analysts suggest bearish sentiment and market pressures are driving these outflows, with institutional confidence waning.12

ProShares has launched the Ether ProFund (ETHFX), the first U.S. mutual fund targeting ether performance. This follows the success of its Bitcoin ProFund, which has grown to nearly $500 million in assets. The new fund aims to provide an alternative for investors seeking exposure to ether without direct ownership.31

The Bitcoin ETF space is witnessing intense competition, with issuers slashing fees and offering promotions to attract investors. Coinbase dominates custodianship for spot ETFs, raising concerns about potential risks. The market has seen significant inflows, signaling increased mainstream adoption despite ongoing regulatory scrutiny.45