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

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Starting with the November front-month contract, the Chicago Mercantile Exchange (CME) will restrict the quantity of futures {that a} purchaser can purchase within the new ETF to 4,000, dropping to 2,000 three days earlier than expiration. As every contract represents 5 bitcoin, complete possession is proscribed to twenty,000 bitcoin.