© Reuters.

Strong inflows into the ProShares Strategy exchange-traded fund (ETF) (BITO) in the past two weeks pushed its Bitcoin (BTC) exposure to a new record high.

The fund, which uses futures contracts to gain exposure to Bitcoin’s price movements, had a record 28,450 BTC under its management — worth about $1.27 billion at the current price — as of March 24, compared to nearly 26,000 BTC a month before, according to official data from ProShares.

ProShares Bitcoin ETF holdings as of March 24, 2022. Source: Official Website
ProShares BITO AUM. Source: Arcane Research
Purpose Bitcoin ETF flows. Source: Glassnode
daily price chart. Source: TradingView
Grayscale Discount to NAV chart. Source: YCharts
Grayscale Investments BTC holding. Source: Coinglass