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ProShares ETF's Bitcoin stash hits $1.27B as BTC eyes $50K by mid-April

The fund, which uses futures contracts to gain exposure to Bitcoin’s price movements, had a record 28,450 BTC under its management — worth about $1.27 billion at the current price — as of March 24, compared to nearly 26,000 BTC a month before, according to official data from ProShares.

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Source: Cryptocurrency - investing.com

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