BITO ETF Sees Fresh Inflows Amid Bitcoin Price Slump

ProShares' Bitcoin Strategy ETF, BITO, has continued to attract investor interest despite the recent slide in Bitcoin's value. According to data, the ETF drew $4.71 million of net inflows on March 27, indicating that some investors are taking a long-term view.

The influx of capital brings BITO's assets under management to $1.70 billion, and while it represents only 0.28% of its total capital base, it suggests that incremental buyers are betting on a rebound in the cryptocurrency market.