According to BlockBeats, on November 11, Eric Balchunas, senior ETF analyst at Bloomberg, tweeted that the ProShares BTC Strategy ETF (BITO) traded $400 million worth of stocks yesterday, and its average trading volume has always been in the top 2% of all ETFs. It is reported that BITO was listed on the New York Stock Exchange on October 19 and has accumulated more than $1.4 billion worth of managed assets since then. The analyst believes that option volume may be the driving factor behind BITO at this stage.
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