Odaily Planet Daily News ProShares’ Bitcoin Strategy ETF (BITO)’s assets under management (AUM) reached US$1.47 billion this week, setting a new high since December 2021. Simeon Hyman, global investment strategist at ProShares, said in a statement to CoinDesk that investor demand for BITO remains strong, as shown by the ETF's new high in assets under management. We believe this illustrates investor demand for a familiar, accessible and regulated way to achieve returns on Bitcoin. Since its inception, BITO has average daily trading volume of $160 million, ranking among the top 5% of all U.S. ETFs. (Coindesk)