Two-for-one opportunities always appeal to me. We’ve all been caught between a split decision at least a few times in our lives, but rarely do two-for-one deals become available to seize.
If you are like me, when presented with two equally good options, you might naturally wish that you could just pick both. In the world of cryptocurrencies, that split decision is usually between Bitcoin and Ethereum, the two biggest names in the crypto market scene.
Fortunately, there is a way to invest in a little bit of both these cryptocurrencies, and it’s via the ProShares Bitcoin & Ether Equal Weight Strategy ETF (BETE). Founded in 2023, BETE provides equal exposure to the two most well-known digital assets, Bitcoin and Ether.
Like other crypto-related exchange-traded funds (ETFs), BETE does not invest directly in Bitcoin or Ether. Instead, BETE manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. Both cryptocurrencies’ exposures are split into a 50-50 allocation and are rebalanced monthly, giving investors a perfect mix of both crypto assets.
Currently, BETE has $8.11 million in assets under management and an expense ratio of 0.95%. The fund is up 4.30% over the last month and an impressive 58.34% over the past three months. However, it is down 4.92% year to date.
Chart courtesy of Stockcharts.com.
Even when you think it best to get a little bit of everything, you should always check that you’re not having too much of a good thing. As a result, investors should always do their due diligence before adding any stock, fund or ETF to their portfolios.
As always, I am happy to answer any of your questions about ETFs, so do not hesitate to send me an email. You just may see your question answered in a future ETF Talk.
