July 4 (Cointime) - According to ETF.com, The crypto market rally kicked off by BlackRock's surprise spot bitcoin exchange-trade fund filing has brought tens of millions of new inflows into a futures-based fund managed by ProShares.
ProShare's BITO fund saw an additional $14.9 million of inflows on June 29 and $11.9 million of inflows on July 3, bringing its total assets under management to $1.04 billion, according to ETF.com. By way of comparison, the fund's AuM on June 15 — the day on which BlackRock's ETF application was submitted — stood at $822 million.
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