ProShares - Bitcoin & Ether Equal Weight ETF
BETE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Oct 2, 2023
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Bitcoin & Ether Equal Weight ETF (BETE) is an exchange-traded fund that seeks to provide equal weighted exposure to the performance of bitcoin and ether through an actively managed portfolio of front-month futures contracts traded on the CME, including CME Bitcoin Futures and CME Ether Futures; it does not invest directly in bitcoin or ether spot markets and instead holds cash equivalents and short-term instruments such as Treasury bills for collateral. BETE offers investors convenient brokerage account access with Investment Company Act protections and no direct cryptocurrency custody risk, distinguishing it from spot crypto ETFs, while distributing returns monthly and targeting a net expense ratio of 0.95% (with contractual waivers through September 30, 2026). Launched on October 2, 2023, and listed on NYSE Arca, the ETF is managed by ProShare Advisors LLC, a subsidiary of ProShares headquartered in Bethesda, Maryland, with operations focused on the U.S. market and institutional and retail investors seeking cryptocurrency-linked strategies. In recent developments, ProShares has expanded its cryptocurrency ETF lineup, including the ongoing active management of BETE alongside related products like the ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH), while launching new geared offerings such as Ultra Bitcoin ETF (BITU) and UltraShort Bitcoin ETF (SBIT) in April 2024 to target 2x and -2x daily bitcoin returns, respectively. The firm continued its innovation in 2025 with expansions into single-stock leveraged ETFs targeting 2x daily returns for companies like Coinbase and Nvidia in September, as well as a suite of Dynamic Buffer ETFs in June featuring patent-pending volatility-adapting mechanisms for U.S. equity indexes. These launches reflect ProShares' strategic shift toward amplified crypto and thematic exposure amid growing demand, building on its position as a leader in leveraged and inverse ETFs with over $90 billion in assets under management.