ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Shares Down 0.8% – What’s Next?

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) shares dropped 0.8% during trading on Thursday . The company traded as low as $35.64 and last traded at $35.65. Approximately 2,433 shares traded hands during trading, a decline of 32% from the average daily volume of 3,559 shares. The stock had previously closed at $35.93.

ProShares Bitcoin & Ether Market Cap Weight ETF Trading Down 0.8%

The business has a 50-day moving average of $35.18 and a 200-day moving average of $39.61.

Institutional Investors Weigh In On ProShares Bitcoin & Ether Market Cap Weight ETF

Several institutional investors have recently made changes to their positions in BETH. Orion Porfolio Solutions LLC bought a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at approximately $341,000. Osaic Holdings Inc. bought a new position in ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter valued at approximately $59,000. Finally, Hoey Investments Inc. raised its position in ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% during the fourth quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter.

About ProShares Bitcoin & Ether Market Cap Weight ETF

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.