The first and largest bitcoin futures ETF is the biggest it’s ever been. 

The ProShares Bitcoin Strategy ETF (BITO) reached $1.47 billion assets under management on Tuesday — its highest mark ever.

BITO had quickly grown above $1 billion in assets after launching in October 2021, reaching as high as $1.42 billion in assets the following month, according to YCharts.com. 

But the fund’s assets had sunk to as low as about $500 million in November 2022 amid the collapse of crypto exchange FTX — an event that spurred bitcoin price declines. 

BITO AUM chart

Its assets under management stood at $850 million as recently as Oct. 12, the YCharts data shows. The fund has seen net…

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