Eric Balchunas, a Bloomberg ETF Analyst, reported that $BITO had a significant weekly capital inflow and a high trading volume of half a billion shares on Friday.

Despite concerns about futures roll costs, $BITO has closely mirrored Bitcoin's price movements.

Eric mentioned that it has lagged spot by 1.05% annually but its fee of 0.95% only results in 10 basis points of additional roll costs, which is negligible.

Other-source other than Binance stated that $BITO has been a standout performer, with market price returns of 59.58% and NAV returns of 59.62% year-to-date. #BTC