ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Shares Down 0.4% – What’s Next?

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH)’s stock price traded down 0.4% during mid-day trading on Monday . The company traded as low as $50.81 and last traded at $50.82. 26,613 shares were traded during trading, an increase of 540% from the average session volume of 4,158 shares. The stock had previously closed at $51.03.

ProShares Bitcoin & Ether Market Cap Weight ETF Price Performance

The business’s 50-day moving average price is $61.16 and its two-hundred day moving average price is $75.50.

Institutional Trading of ProShares Bitcoin & Ether Market Cap Weight ETF

A number of institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. bought a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter worth $59,000. Orion Porfolio Solutions LLC grew its stake in ProShares Bitcoin & Ether Market Cap Weight ETF by 68.5% during the third quarter. Orion Porfolio Solutions LLC now owns 7,103 shares of the company’s stock worth $578,000 after buying an additional 2,888 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at about $500,000.

ProShares Bitcoin & Ether Market Cap Weight ETF Company Profile

The ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages a market cap-weighted portfolio of front-month CME Bitcoin and Ether futures contracts. It does not invest directly in bitcoin or ether. BETH was launched on Oct 2, 2023 and is issued by ProShares.