ProShares Bitcoin & Ether Equal Weight ETF (BETE)
ARCA ARCA Primary Summary
BETE Chart
ProShares Bitcoin & Ether Equal Weight ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CGL Chester Gary Lloyd Coston, McIsaac & Partners | 51 | $3,696.59 | $1,468.8 | -$2,227.79 | -60.27% |
ProShares Bitcoin & Ether Equal Weight ETF (BETE) FAQ
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ProShares Bitcoin & Ether Equal Weight ETF Profile
| ARCA Exchange | US Country |
Overview
The fund is designed for investors looking to gain exposure to the cryptocurrency market without directly holding cryptocurrencies like Bitcoin and Ether. Achieving its investment objective primarily through managed exposure to bitcoin and ether futures contracts enables the fund to leverage the potential growth and price appreciation of these leading cryptocurrencies, while seeking to manage the risk associated with direct investments in the highly volatile cryptocurrency market. By focusing on futures contracts, the fund aims to provide investors with the benefits of both the potential returns associated with cryptocurrency investments and the risk management techniques customary in traditional financial markets.
Products and Services
- Managed Exposure to Bitcoin Futures Contracts
This product offers investors managed exposure to futures contracts on Bitcoin, the first and largest cryptocurrency by market capitalization. By investing in Bitcoin futures, the fund aims to capture the growth potential of Bitcoin while attempting to mitigate the direct risks associated with holding the cryptocurrency. This strategy is designed for investors who wish to gain exposure to Bitcoin’s price movements without having to navigate the complexities and security issues related to the direct purchase, storage, and management of cryptocurrency.
- Managed Exposure to Ether Futures Contracts
Ether, the cryptocurrency of the Ethereum network, is the second-largest cryptocurrency by market capitalization and offers a different value proposition compared to Bitcoin. The fund provides managed exposure to futures contracts on Ether, allowing investors to participate in the potential growth of Ethereum’s platform, which supports a wide range of decentralized applications and financial products. Investing in Ether futures contracts through the fund can offer a way for investors to gain exposure to the price movements of Ether, with a strategy aimed at managing the risks inherent in the cryptocurrency market.
