BETE

Bitcoin & Ether Equal Weight Strategy ETF

Targets the equal weighted performance of bitcoin and ether in a single investment

Why BETE?

  • Capture the potential of the two largest cryptocurrencies

  • Familiarity, liquidity and transparency of an ETF

  • Available through a brokerage account—no need for a cryptocurrency account or wallet

Why BETE?

  • Capture the potential of the two largest cryptocurrencies

  • Familiarity, liquidity and transparency of an ETF

  • Available through a brokerage account—no need for a cryptocurrency account or wallet

BETE invests in bitcoin and ether futures and does not invest directly in bitcoin or ether. There is no guarantee the fund will closely track bitcoin or ether returns.

You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

Growth of $10,000

Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.

Total Return

Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
BETE Market Price -11.75% -12.21% 37.74% 37.74% -- -- -- -- 97.13% 10/02/2023
BETE NAV -11.62% -12.21% 37.70% 37.70% -- -- -- -- 96.90% 10/02/2023

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

About the Fund

Snapshot
  • Ticker
    BETE
  • Intraday Ticker
    BETE.IV
  • CUSIP
    74349Y407
  • Inception Date
    10/2/23
  • Expense Ratio
    0.95%
  • Gross Expense Ratio
    1.33%
  • NAV Calculation Time
    4:00 p.m. ET
Price
as of 7/19/2024
  • NAV
    $72.98
  • NAV Change
    $+3.39 up caret
  • Market Price
    $73.02
  • Market Price Change
    $+3.34 up caret
  • Trading Volume (M)
    709
  • 30-Day Median Bid Ask Spread
    0.00%
  • View Premium / Discount
Snapshot
  • Ticker
    BETE
  • Intraday Ticker
    BETE.IV
  • CUSIP
    74349Y407
  • Inception Date
    10/2/23
  • Expense Ratio
    0.95%
  • Gross Expense Ratio
    1.33%
  • NAV Calculation Time
    4:00 p.m. ET
Price
as of 7/19/2024
  • NAV
    $72.98
  • NAV Change
    $+3.39 up caret
  • Market Price
    $73.02
  • Market Price Change
    $+3.34 up caret
  • Trading Volume (M)
    709
  • 30-Day Median Bid Ask Spread
    0.00%
  • View Premium / Discount

The expense ratio above has a contractual waiver ending 10/31/24.

Holdings

as of 7/19/2024

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
48.46% -- CME ETHER FUTURE NON-EQUITY INDEX 26/JUL/2024 DCRN4 CURNCY 2,476,250 -- 14 --
46.22% -- CME BITCOIN FUT NON-EQUITY INDEX 26/JUL/2024 BTCN4 CURNCY 2,361,800 -- 07 --
5.28% -- CME MICRO BITCOIN NON-EQUITY INDEX 26/JUL/2024 BMRN4 CURNCY 269,920 -- 40 --
-- -- NET OTHER ASSETS (LIABILITIES) -- $5,109,696.49 5,109,696 --

Index

About the Index

This ETF is actively managed.

Distributions

Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

For more information on dividend distributions for this fund please see our frequently asked questions.

Crypto-Linked Insights and Research

Bitcoin’s Next Halving 2024: Market Impact and What to Expect

The halving, which took place on April 19, 2024, slashed mining rewards from 6.25 to 3.125 bitcoins. The fourth such occurrence in bitcoin's history, the event marked a critical juncture that historically has been associated with notable price fluctuations and increased investor interest. Here is everything you need to know about this key milestone.
Read More
Get the latest perspectives and updates.

Investing involves risk, including the possible loss of principal. There is no guarantee that Bitcoin & Ether Equal Weight Strategy ETF (BETE) will achieve its investment objective.

This ETF invests in bitcoin and ether futures contracts and does not invest directly in bitcoin or ether. Bitcoin and bitcoin futures, and ether and ether futures, are each a relatively new asset class, and the market for bitcoin and ether is subject to rapid changes and uncertainty. Bitcoin and bitcoin futures, and ether and ether futures, are subject to unique and substantial risks, such as rapid price swings and lack of liquidity, including as a result of changes in the supply of and demand for bitcoin and bitcoin futures contracts, and ether and ether futures contracts. Bitcoin and ether are largely unregulated and may be more susceptible to fraud and manipulation than more regulated investments. The value of an investment in the ETF could decline significantly and without warning, including to zero.

This ETF is actively managed. The costs associated with rolling (buying and selling) futures and the impact of margin requirements, collateral requirements and other limits may have a negative impact on performance and prevent the Fund from achieving its objective. The price and performance of bitcoin futures and ether futures should be expected to differ from the current ‘‘spot’’ prices of bitcoin and ether (the prices of bitcoin and ether that can be purchased immediately). These differences could be significant.

This ETF is non-diversified and is subject to risks associated with the use of futures contracts, leverage and market price variance, all of which can increase volatility and decrease performance. Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Carefully consider the investment objectives, risks, charges, and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing. Obtain them from your financial professional or visit ProShares.com.

ProShares are distributed by SEI Investments Distribution Co. ("SIDCO"), which is not affiliated with the funds' advisor or sponsor. SIDCO is located at 1 Freedom Valley Drive, Oaks, PA 19456.

©2023

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