{"id":81239,"date":"2023-07-05T10:15:43","date_gmt":"2023-07-05T07:15:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81239"},"modified":"2025-09-11T21:39:58","modified_gmt":"2025-09-11T18:39:58","slug":"bitcoin-etf-frenzy-lifts-proshares-assets-under-management-above-1-billion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-etf-frenzy-lifts-proshares-assets-under-management-above-1-billion\/","title":{"rendered":"Bitcoin ETF frenzy lifts ProShares&#8217; assets under management above $1 billion"},"content":{"rendered":"<p>Driven by BlackRock&#8217;s application to launch a bitcoin ETF, the rally in digital gold helped lift ProShares&#8217; ETF&#8217;s <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> to $1.04 billion.<\/p>\n<p>For comparison, prior to the June 15 news the figure stood at $822 million.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image-424.webp\" alt=\"image-424\" class=\"wp-image-210826\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.theblock.co\/post\/237717\/crypto-comeback-pushes-proshares-aum-for-bitcoin-futures-etf-over-1-billion\" title=\"\">The Block<\/a>.<\/figcaption><\/figure>\n<\/div>\n<p>In 2021 the <span data-descr=\"the U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> approved products <a href=\"https:\/\/forklog.com\/en\/news\/sec-quietly-approves-first-futures-based-bitcoin-etf\">ProShares<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-futures-based-bitcoin-etfs-from-vaneck-and-valkyrie-investments\">Valkyrie Investments<\/a>, based on bitcoin futures on the Chicago Mercantile Exchange. To date, the Commission has rejected all spot ETFs based on digital gold.<\/p>\n<p>According to CoinShares, inflows into crypto investment funds<a href=\"https:\/\/forklog.com\/en\/news\/crypto-funds-post-inflows-for-the-second-week-running\"> reached $334 million<\/a> over the last two weeks.<\/p>\n<p>In the SEC filing queue, <a href=\"https:\/\/forklog.com\/en\/news\/sec-to-review-ark-invests-spot-bitcoin-etf-filing-ahead-of-blackrock\">ARK Invest c 21Shares have priority<\/a> over BlackRock and the rest based on the timing of their filings. VanEck,<a href=\"https:\/\/forklog.com\/en\/news\/fidelity-and-others-amend-filings-for-bitcoin-etf-after-sec-reaction\"> Fidelity Investments<\/a>,<a href=\"https:\/\/forklog.com\/en\/news\/wisdomtree-and-invesco-file-applications-to-launch-bitcoin-etfs\"> WisdomTree and Invesco<\/a> have entered the ETF race.<\/p>\n<p>On June 30, sources for The Wall Street Journal said the Commission <a href=\"https:\/\/forklog.com\/en\/news\/wsj-reports-sec-reaction-to-blackrock-and-fidelity-spot-bitcoin-etf-filings\">returned the filings<\/a> because they lacked sufficient information about the so-called <a href=\"https:\/\/forklog.com\/en\/news\/cboe-mirrors-blackrock-elements-in-ark-invest-bitcoin-etf-filing\">joint oversight agreement<\/a> or details of that mechanism. The latter became a key addition to BlackRock&#8217;s application.<\/p>\n<p>Subsequently, the aforementioned companies promptly sent the agency <a href=\"https:\/\/forklog.com\/en\/news\/fidelity-and-others-amend-filings-for-bitcoin-etf-after-sec-reaction\">refined proposals<\/a>.<\/p>\n<p>According to Bernstein analysts, the regulator will not be able to remain <a href=\"https:\/\/forklog.com\/en\/news\/bernstein-sees-high-odds-of-spot-bitcoin-etf-approval\">long in holding its negative position<\/a> toward spot ETFs based on the first cryptocurrency.<\/p>\n<p>Circle CEO Jeremy Allaire <a href=\"https:\/\/forklog.com\/en\/news\/ceo-circle-regulators-have-made-progress-on-the-bitcoin-etf\">predicted<\/a> that the recent wave of applications to launch spot exchange-traded funds based on digital gold will lead to SEC approval.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Driven by BlackRock&#8217;s application to launch a bitcoin ETF, the rally in digital gold lifted ProShares&#8217; ETF assets under management to $1.04 billion.<\/p>\n","protected":false},"author":1,"featured_media":81240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,825,1211],"class_list":["post-81239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-proshares","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=81239"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81239\/revisions"}],"predecessor-version":[{"id":81241,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81239\/revisions\/81241"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/81240"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=81239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=81239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=81239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}