ProShares Bitcoin Strategy ETF, iShares Bitcoin Trust up 3.3% each

On July 2, 2026, the ProShares Bitcoin Strategy ETF (BITO) and the iShares Bitcoin Trust (IBIT) both rose by approximately 3.3%, reflecting renewed investor interest in Bitcoin exposure through exchange-traded funds. BITO, which tracks Bitcoin futures and launched on October 18, 2021, has a net asset value (NAV) of $8.14 as of July 1, 2026, with a 0.95% expense ratio and $1.37 billion in net assets. The fund’s holdings are primarily composed of Bitcoin futures contracts, with the CME Bitcoin futures contract accounting for 82.77% of its exposure.

Meanwhile, IBIT, the largest U.S. spot Bitcoin ETF with approximately $54 billion in assets under management, continues to see strong institutional demand. Recent data shows that Bitcoin ETF net inflows have attracted $87 billion since the launch of U.S. spot Bitcoin ETFs in early 2024. This trend underscores the growing acceptance of Bitcoin as a legitimate asset class among institutional investors and wealth managers.

The 3.3% increase in both BITO and IBIT aligns with Bitcoin’s broader price movement, which has been supported by ETF inflows and a shift in institutional positioning. Weekly net inflows into Bitcoin ETFs reached $22.34 million in the most recent reporting period, while Ethereum and altcoin ETF outflows experienced outflows. This divergence highlights the preference for Bitcoin over other digital assets during periods of macroeconomic uncertainty.

As the ETF landscape continues to evolve, regulatory developments and product innovation are expected to further expand access to Bitcoin for a broader range of investors.