BETE

📎 Investment Objective

The ProShares Bitcoin & Ether Equal Weight ETF (BETE) seeks to provide investment results that correspond to the performance of an index composed of Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, in an equal-weighted allocation.

✨ Key Features

• Equal-weighted exposure to Bitcoin and Ethereum, the two largest cryptocurrencies
• Invests in cryptocurrency futures contracts rather than the digital assets themselves
• Provides a convenient way for investors to gain diversified exposure to the crypto market
• Expense ratio of 0.00%, making it one of the lowest-cost crypto ETFs available

⚠️ Primary Risks

• Cryptocurrency markets are highly volatile and speculative, with the potential for significant price swings
• Investing in futures contracts can introduce additional risks compared to direct cryptocurrency ownership
• The fund's performance may not closely track the underlying index due to factors like contango and backwardation in the futures market
• Regulatory changes or crackdowns on cryptocurrencies could adversely impact the fund's performance

👤 Best For

This ETF may be suitable for investors with a high risk tolerance who are looking to gain diversified exposure to the cryptocurrency market as part of a broader, well-diversified portfolio. It is not recommended for investors with a low risk appetite or those seeking a stable, low-volatility investment.