NewsletterBitcoin Futures ETF Surges Past $1 Billion Amid Spot ETF Race
In a significant development for the cryptocurrency market, the Bitcoin Futures ETF, $BITO, has experienced a substantial increase in inflows, reaching over $1 billion in assets once again. This surge comes as investors show renewed interest in Bitcoin derivatives, with growing anticipation surrounding the potential approval of a spot Bitcoin ETF by the Securities and Exchange Commission (SEC).
$BITO’s Strong Performance
According to Eric Balchunas, Senior ETF Analyst for Bloomberg, $BITO had its largest weekly inflow in a year, accompanied by a notable trading volume of half a billion shares on Friday. Despite concerns about the impact of futures roll costs on $BITO’s performance, it has demonstrated an impressive ability to track the price of Bitcoin closely.
Adding to it, Eric said:
It’s lagged spot by 1.05% ann, but it’s fee is 0.95% = only 10bps of roll (extra) costs, which is rounding error. Many predicted >5% a yr.
According to ProShares, Year-to-date, $BITO has been a standout performer, delivering impressive returns of 59.58% in market price and 59.62% in NAV. Looking at the three-month and six-month performance figures, $BITO has demonstrated substantial growth. With returns of 14.04% over both periods, investors who have held the fund for these durations would have experienced positive gains.
The Race for a Spot Bitcoin ETF
The recent surge in interest in Bitcoin derivatives can be attributed, at least in part, to the filing of a Bitcoin ETF by BlackRock on June 15. While it remains uncertain whether the SEC will approve a spot Bitcoin ETF, BlackRock’s move has triggered a race among various firms to file their own applications.
CoinGape reported that WisdomTree, for the third time, has filed with the SEC to create a spot Bitcoin ETF, and Invesco has renewed its application for a similar product.
The approval of a spot Bitcoin ETF would provide institutional and retail investors with a more accessible and regulated avenue for investing in cryptocurrencies.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Crypto Traders Increase Bets on Kevin Warsh After Trump Names Top Two Fed Chair Candidates
- This Top CNBC Trader Says He’ll “Never” Invest in XRP Despite Wall Street Adoption
- ‘Dead Like Kodak’: Software Engineer Slams SWIFT’s 5-Year Delay on Blockchain Plans
- Ripple Attracts $300M Institutional Bet as VivoPower Launches Korean Investment Vehicle
- Crypto Eyes Entry into Traditional Sports as Tether Bids $1B for Juventus FC
- Expert Predicts Bitcoin Price Crash to $75k as ETF Inflows Fall, Treasury Companies Plunge 83%
- HYPE Price Jumps 8% as Open Interest Hits $1.61B — Is $50 Next?
- Is Solana Price Poised for a +50% Bullish Rally? Here’s What to Expect
- Top 3 Price Predictions for Bitcoin, Ethereum, and XRP in DEC 2025
- Will Chainlink Price Break Toward $20 After 84K LINK Reserve Increase?
- XRP Price Target $3 as Spot ETFs Continue to See Inflows
