![ProShares Bitcoin Futures ETF 'BITO' Sets New Record for BTC BITO bitcoin holdings. (ProShares)](https://btcusa.com/wp-content/uploads/2023/11/ProShares-Bitcoin-Futures-ETF-BITO-Sets-New-Record-for-BTC-678x381.jpg)
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“Investor demand for BITO remains strong, as shown by the ETF reaching a new high in assets under management,” Simeon Hyman, global investment strategist at ProShares, said in a statement to CoinDesk. “We believe this speaks to the demand for a familiar, accessible and regulated way to target the returns of bitcoin.”
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