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Too popular: Bitcoin futures ETF in danger of hitting upper limit for contracts

Published 10/22/2021, 01:05 AM
Updated 10/23/2021, 02:40 AM
© Reuters.

The ProShares Bitcoin Strategy exchange-traded fund (ETF) is on track to reach a limit on the number of futures contracts it’s allowed after quickly becoming a little too popular.

After just a couple of days of trading, the ProShares ETF has reached 1,900 contracts sold for October and there is a 2,000 front-month limit imposed by the Chicago Mercantile Exchange.

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