Bitcoin & Ether Equal Weight Strategy ETF USD Price

The Bitcoin & Ether Equal Weight Strategy ETF (BETE), issued by ProShares, is a futures ETF with an inception date of October 2, 2023. Unlike spot ETFs, which directly hold the underlying assets (in this case, Bitcoin and Ether), this futures ETF invests in Bitcoin and Ether futures contracts. The ETF maintains an equal weight strategy, allocating investments equally between Bitcoin and Ether futures, regardless of their market capitalizations. As a result, the performance of a futures ETF like this one may differ from the spot prices of Bitcoin and Ether due to factors such as contract rollover, futures market conditions, and the equal weight allocation strategy. The ETF charges an annual management fee of 1.33%.