Why a Bitcoin Futures ETF Is Bad for Investors

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Demand is so sturdy, Bloomberg reported, that ProShares is near exceeding the Chicago Mercantile Exchange’s restrict on the full variety of contracts an entity can personal. Bloomberg’s evaluation discovered that, with a stash of 1,900 contracts within the present October month – simply shy of the two,000 restrict for a single month – the fund has needed to diversify into longer-dated contracts. It now holds 1,400 November contracts, however might need to go additional out the curve into December if demand retains up. Even then, the fund faces an absolute restrict of 5,000 contracts