Demand is so strong, Bloomberg reported, that ProShares is close to exceeding the Chicago Mercantile Exchange’s limit on the total number of contracts an entity can own. Bloomberg’s analysis found that, with a stash of 1,900 contracts in the current October month – just shy of the 2,000 limit for a single month – the fund has had to diversify into longer-dated contracts. It now holds 1,400 November contracts, but may have to go further out the curve into December if demand keeps up. Even then, the fund faces an absolute limit of 5,000 contracts
Related posts
-
Germany’s Bitcoin Wallet Dips Below 40,000 BTC After Weekend Transfer
Germany has divested 1,400 bitcoin from its government reserves, reducing the total from 41,226 BTC to... -
Bitcoin Network Sees Second Largest Difficulty Reduction of 2024
On July 4, 2024, the Bitcoin network experienced its second-largest difficulty reduction since the year’s start.... -
Bitcoin Strikes A Chord At The Bottom
The price of Bitcoin has increased by 6% since it crossed into the $53,000 price territory...