Bitcoin Futures ETF Nears Limit
The first-ever Bitcoin-linked ETF got off to a record-breaking start this week. It’s having a small problem keeping up with all the inflows. ⚠️⚠️⚠️
The ProShares Bitcoin Strategy ETF ($BITO) tracks bitcoin futures, which are purchased through the Chicago Mercantile Exchange (CME). CME has a limit for how many bitcoin contracts can be bought by a single entity. $BITO is currently within reach of hitting that limit. 😳