ProShares Bitcoin & Ether Equal Weight ETFProShares Bitcoin & Ether Equal Weight ETFProShares Bitcoin & Ether Equal Weight ETF

ProShares Bitcoin & Ether Equal Weight ETF

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Key stats


Assets under management (AUM)
‪11.81 M‬USD
Fund flows (1Y)
‪7.95 M‬USD
Dividend yield (indicated)
15.54%
Discount/Premium to NAV
6.4%

About ProShares Bitcoin & Ether Equal Weight ETF


Issuer
ProShare Advisors LLC
Brand
ProShares
Expense ratio
0.95%
Home page
Inception date
Oct 2, 2023
Index tracked
No Underlying Index
Management style
Active
BETE provides equal exposure to the two most well-known digital assets, bitcoin and ether. It does so by investing in USD cash-settled, front-month CME bitcoin and ether futures contracts while also considering back-month contracts. Both cryptocurrencies' exposures are split into a 50-50 allocation and will be rebalanced monthly. The fund will roll the contracts each month, as they near expiration. Note that a portion of this investment is through a wholly-owned subsidiary organized under the laws of the Cayman Islands, capped at 25% at each quarter end. Other ETFs, money market instruments and reverse purchase agreements may also be utilized in certain circumstances to maintain the funds desired level of exposure to assets. The bitcoin and ether future contracts are cash settled based upon the CME CF Bitcoin-Dollar Reference Rate and CME CF Ether-Dollar Reference Rate, respectively. Prior to Sept. 27, 2024, the fund name was Proshares Bitcoin & Ether Equal Weighted Strategy ETF.

Classification


Asset Class
Currency
Category
Basket
Focus
Long cryptocurrency basket, short USD
Niche
Derivative
Strategy
Equal
Weighting scheme
Equal
Selection criteria
Fixed
What's in the fund
Exposure type
Bonds, Cash & Other
Miscellaneous
Cash
Bonds, Cash & Other100.00%
Miscellaneous50.06%
Cash49.94%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Summary
Neutral
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Strong sellStrong buy
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Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.