ProShares Bitcoin Strategy ETF (BITO), a bitcoin futures exchange-traded fund, amassed over $2 billion in assets and saw an all-time high. 

The fund reached $2,010,057,946 in assets at markets close on Jan. 8, ProShares global investment strategist Simeon Hyman told The Block. He added that BITO grew 10% in the last week from $1.8 billion on Jan. 2 and 18% within the last month from $1.7 billion on Dec. 9, 2023. 

"Many have pointed to speculation regarding a spot Bitcoin ETF as the driver of bitcoin’s price appreciation, but it’s worth noting that bitcoin was rallying for much of 2023 even in the face of the crypto-related bank issues in March, rising interest rates, and other 'challenges' at bitcoin exchanges," Hyman said.

"At the same time, the increased interest around …