ProShares’ bitcoin futures fund burned through a record $1.2 billion of investors’ money over its 1st year, report says

ProShares’ Bitcoin Strategy plummeted 70% in its first year of trading as digital assets suffered through a ‘crypto winter’. Spencer Platt/Getty Images ProShares’ bitcoin futures fund is down $1.2 billion after a smash debut last year, the FT reported. Inflows to the Bitcoin Strategy ETF were $1.8 billion, but it has just $614 million AUM, per Morningstar. Digital assets have plummeted in 2022, in what…