ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Trading 1.1% Higher – Still a Buy?

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) shot up 1.1% on Wednesday . The company traded as high as $82.81 and last traded at $82.78. 6,379 shares were traded during mid-day trading, an increase of 173% from the average session volume of 2,340 shares. The stock had previously closed at $81.91.

ProShares Bitcoin & Ether Equal Weight ETF Stock Up 1.1%

The business has a 50 day moving average price of $83.13 and a two-hundred day moving average price of $70.88.

Institutional Investors Weigh In On ProShares Bitcoin & Ether Equal Weight ETF

An institutional investor recently bought a new position in ProShares Bitcoin & Ether Equal Weight ETF stock. Jane Street Group LLC bought a new stake in ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,383 shares of the company’s stock, valued at approximately $295,000. Jane Street Group LLC owned about 3.37% of ProShares Bitcoin & Ether Equal Weight ETF at the end of the most recent quarter.

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.