The assets under management of ProShares Bitcoin Futures ETF (BITO) have surpassed $1 billion.

According to ETF.com, ProShares' BITO fund received a capital inflow of $14.9 million on June 29th and $11.9 million on July 3rd, bringing its total assets under management to $1.04 billion. In comparison, the fund had total assets under management of $822 million on June 15th, the day BlackRock ETF submitted its application. (The Block)