ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE – Get Free Report) dropped 1.3% on Friday. The company traded as low as $38.28 and last traded at $38.39. 1,813 shares traded hands during trading, a decline of 53% from the average session volume of 3,839 shares. The stock had previously closed at $38.90.
ProShares Bitcoin & Ether Equal Weight ETF Price Performance
The firm’s fifty day moving average is $38.01 and its two-hundred day moving average is $34.51.
ProShares Bitcoin & Ether Equal Weight ETF Company Profile
The ProShares Bitcoin & Ether Equal Weight Strategy ETF (BETE) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. It does not invest directly in bitcoin or ether. BETE was launched on Oct 2, 2023 and is issued by ProShares.
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