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First Bitcoin ETF in Immediate Danger of Hitting Cap on Contracts Held

Source: Adobe/Анна Богатырева The first bitcoin (BTC) futures-backed exchange-traded fund (ETF), ProShares’ BITO, is reportedly already in danger of breaching a limit on the number of futures contracts it is allowed to hold under current Chicago Mercantile Exchange (CME) rules. BITO already owns nearly 1,900 bitcoin futures contracts expiring in October, according to Bloomberg data.