ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE – Get Free Report) were up 2.3% during trading on Friday . The company traded as high as $37.79 and last traded at $37.63. Approximately 2,996 shares changed hands during trading, a decline of 51% from the average daily volume of 6,055 shares. The stock had previously closed at $36.77.
ProShares Bitcoin & Ether Equal Weight ETF Trading Up 2.3%
The business’s 50-day simple moving average is $34.84 and its 200 day simple moving average is $45.94.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Mariner LLC purchased a new position in ProShares Bitcoin & Ether Equal Weight ETF during the 3rd quarter valued at about $282,000. Flow Traders U.S. LLC purchased a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF in the 3rd quarter worth approximately $328,000. Finally, Jane Street Group LLC purchased a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF in the 2nd quarter worth approximately $295,000.
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.
Further Reading
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