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Crypto

BITO Investors Tap Brakes as Bitcoin Nears $80K

Guavy AI Editorial Team
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BTC
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Investors in ProShares Bitcoin Strategy ETF, known as BITO, took a step back this week after the fund's price surge. On September 03, 2026, BITO saw outflows of $9.57 million, which shaved just under 0.58% off its $1.65 billion assets under management.

This withdrawal suggests some investors are locking in profits as the underlying crypto market experiences a strong run. The related asset, BTC-USD, is currently trading at $79,904.54 and has surged about 29.27% over the past three months.

The modest redemption of BITO highlights the divergence between cautious ETF flows and robust spot-price momentum. Some traders appear to prefer direct crypto exposure, while others may be rebalancing risk after a sharp rally.

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