ProShares Seeks Waiver From CME for Position Limits on New Bitcoin Futures ETF: Report

ProShares Seeks Waiver From CME for Position Limits on New Bitcoin Futures ETF: Report

By Coin News Canada 5 years ago

Starting with the November front-month contract, the Chicago Mercantile Exchange (CME) will limit the amount of futures that a buyer can buy in the new ETF to 4,000, dropping to 2,000 three days before expiration. As each contract represents five bitcoin, total ownership is limited to 20,000 bitcoin.

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