![ProShares Seeks Waiver From CME for Position Limits on New Bitcoin Futures ETF: Report ProShares Seeks Waiver From CME for Position Limits on New Bitcoin Futures ETF: Report](https://www.coindesk.com/resizer/6hrYjERZudF_fkWZwIz6zxZ_k_0=/cloudfront-us-east-1.images.arcpublishing.com/coindesk/MCJE3JFNR5EBBEEVWVGDEXHG6E.jpg)
Starting with the November front-month contract, the Chicago Mercantile Exchange (CME) will limit the amount of futures that a buyer can buy in the new ETF to 4,000, dropping to 2,000 three days before expiration. As each contract represents five bitcoin, total ownership is limited to 20,000 bitcoin.