BITO Investors Tap Brakes as ProShares ETF Sees $7.1M Outflows

ProShares' Bitcoin Strategy ETF, BITO, has seen net outflows of $7.1 million on June 15th, marking a slight retreat among investors.

This represents approximately 0.47% of the fund's $1.49 billion in assets under management, signaling renewed caution amidst the recent market volatility.

The related asset, BTC-USD, has been trading at $64,134.82 after experiencing a nearly 9.8% decline over the past three months, underscoring the challenges of sustaining bitcoin's latest rally.