ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Trading Down 1.2% – Here’s Why

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETEGet Free Report)’s stock price fell 1.2% during trading on Thursday . The company traded as low as $82.29 and last traded at $82.47. 719 shares traded hands during trading, a decline of 64% from the average session volume of 1,992 shares. The stock had previously closed at $83.44.

ProShares Bitcoin & Ether Equal Weight ETF Stock Performance

The business’s 50-day moving average is $83.26 and its 200 day moving average is $68.62.

About ProShares Bitcoin & Ether Equal Weight ETF

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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.

Further Reading

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