The Bitcoin & Ether Market Cap Weight Strategy ETF (BETH), issued by ProShares, is a futures ETF with an inception date October 2, 2023. Unlike spot ETFs, which directly hold the underlying assets (in this case, Bitcoin and Ether), a futures ETF invests in Bitcoin and Ether futures contracts that seeks to correspond to the returns of a market-capitalization weighted basket of Bitcoin and Ether. As a result, the performance of a futures ETF like BETH may differ from the spot prices of Bitcoin and Ether due to factors such as contract rollover, futures market conditions, and the dynamic allocation based on market cap. BETH charges an annual management fee of 1.33%.
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