| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Christopher C. Powers Farther Finance Advisors, LLC | 10 | $387 | $355.45 | -$31.55 | -8.15% |
| ARCA Exchange | US Country |
The fund is managed by ProShare Advisors and primarily focuses on investing in financial instruments that are expected to track the performance of its designated index. This index specifically measures the performance of long positions in bitcoin and ether futures contracts that are nearing maturity and are traded on the Chicago Mercantile Exchange (CME). By concentrating on these digital assets, the fund aims to offer investors exposure to the cryptocurrency market through a regulated futures marketplace, distinguishing itself from direct investments in cryptocurrencies.
The fund invests in futures contracts of bitcoin that are closest to maturation, traded on the CME. These financial instruments allow the fund to participate in the bitcoin market without holding the actual cryptocurrency, aiming to track its price movements effectively through futures contracts.
Similar to its bitcoin investment strategy, the fund also allocates assets into ether futures contracts that are nearing their expiration and are traded on the CME. This approach enables the fund to gain exposure to the ethereum market, capturing the dynamics of ether's price movements through regulated futures contracts.