Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) USD Price

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%.

ProShares is a financial services firm known for its broad range of ETFs, which aim to cater to a diverse array of investment strategies and objectives. Established with a focus on providing innovative investment vehicles, ProShares has expanded its offerings to include products that track various asset classes, including equities, fixed income, commodities, and, more recently, digital assets.

ProShares gained significant attention by launching one of the first Bitcoin-linked ETFs in the United States, known as the ProShares Bitcoin Strategy ETF (BITO). This ETF is designed to provide investors with exposure to Bitcoin through futures contracts, rather than direct investment in the cryptocurrency itself. This strategic approach allows investors to gain exposure to the price movements of Bitcoin while navigating regulatory constraints and avoiding the complexities associated with directly holding digital assets.

ProShares' introduction of a Bitcoin-linked ETF marks a pivotal development within the digital asset ecosystem, offering a regulated and accessible vehicle for institutional and retail investors to participate in the cryptocurrency market.