ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Trading 4.6% Higher – Still a Buy?

Shares of ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETEGet Free Report) shot up 4.6% on Wednesday . The stock traded as high as $84.31 and last traded at $84.31. 1,309 shares were traded during trading, a decline of 51% from the average session volume of 2,698 shares. The stock had previously closed at $80.64.

ProShares Bitcoin & Ether Equal Weight ETF Trading Up 4.6 %

The firm has a 50-day simple moving average of $76.69 and a two-hundred day simple moving average of $67.52.

ProShares Bitcoin & Ether Equal Weight ETF Company Profile

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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.

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