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ProShares Bitcoin & Ether Equal Weight ETF

BETE
Learn more about ProShares Bitcoin & Ether Equal Weight ETF's (BETE) price performance, volume, premium rate, inflows and outflows, and other key data indicators.

BETE price today and history

$51.14 -3.25 (-5.98%)
1D
7D
1Y
Open price$53.9
Day's high$54.34
Close price$54.34
Day's low$53.9
YTD % change-38.72%
52-week high$95.56
1-year % change-39.15%
52-week low$50.62
The latest price of BETE is $51.14 , with a change of -5.98% in the last 24 hours. The 52-week high for BETE is $95.56 , and the 52-week low is $50.62 .

Today's BETE premium/discount to NAV

Shares outstanding120K BETE
BTC holdings76.73 BTC
NAV per share$54.43
BTC change (1D)
-1.37 BTC(-1.75%)
Premium/Discount-0.07%
BTC change (7D)
+0.51 BTC(+0.67%)

BETE volume

Volume (BETE)514 (BETE)
10-day average volume (BETE)25.03 (BETE)
Volume (USD)$26.16K
10-day average volume (USD)$1.28K

What is ProShares Bitcoin & Ether Equal Weight ETF (BETE)

Trading platform
ARCX
Asset class
Futures
Assets under management
$6.53M
Expense ratio
0.00%
Issuer
--
Fund family
--
Inception date
--
ETF homepage
--

FAQ

Can investing in this ETF provide dividends like traditional ETFs?

Cryptocurrency-focused ETFs typically do not provide dividends because the underlying assets (Bitcoin and Ethereum) do not generate income as traditional stocks might. Any potential profit for investors comes from the appreciation in the value of the ETF itself.

How often does the ETF rebalance its holdings?

The specific rebalance schedule is detailed in the ETF's prospectus, but ETFs of this nature typically rebalance periodically, which could be monthly, quarterly, or bi-annually, to maintain the equal weight allocation.

What risks should I be aware of before investing in this ETF?

Investors should be aware of risks such as the extreme volatility of the underlying assets (Bitcoin and Ethereum), regulatory changes in the cryptocurrency market, and the possibility of tracking errors between the ETF and the underlying asset prices.

Can I purchase the ProShares Bitcoin & Ether Equal Weight ETF through any brokerage account?

Yes, as a publicly traded ETF, you can purchase shares of the ProShares Bitcoin & Ether Equal Weight ETF through most major brokerage accounts, similar to how you would buy shares of any publicly traded stock or ETF.

Is the ProShares ETF physically backed or futures-based?

Typically, ProShares offers both physically backed and futures-based ETFs. For precise details about whether this specific ETF is physically backed or futures-based, it is essential to refer to the fund's official documentation or prospectus.

How is the ETF affected by the volatility of Bitcoin and Ethereum?

The ETF's value can be significantly affected by the inherent volatility of Bitcoin and Ethereum due to its direct exposure to these assets. However, the equal weighting strategy attempts to mitigate risk by diversifying across both cryptocurrencies.

Are there any management fees associated with this ETF?

Yes, like most ETFs, the ProShares Bitcoin & Ether Equal Weight ETF charges a management fee, which covers the costs associated with managing the fund. The specific fee percentage should be checked in the ETF's prospectus.

What are the benefits of investing in this ETF compared to buying cryptocurrencies directly?

Investing in the ETF offers the convenience and familiarity of traditional stock market investment structures, potential tax advantages, and the elimination of the need for managing digital wallets and private keys.

How does the Equal Weight strategy work in this ETF?

The Equal Weight strategy means that the ETF aims to maintain an equal allocation to both Bitcoin and Ethereum, rebalancing periodically to ensure that each asset retains a 50% weight in the portfolio, regardless of market performance.

What is ProShares Bitcoin & Ether Equal Weight ETF?

ProShares Bitcoin & Ether Equal Weight ETF is an exchange-traded fund that provides exposure to a 50/50 allocation of Bitcoin and Ethereum, allowing investors to gain diversified cryptocurrency exposure through a traditional ETF format.

ProShares Bitcoin & Ether Equal Weight ETF news

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