Cryptocurrencies

ETF Talk: Step Right Up for Your Two-for-One Crypto Opportunity

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.

Exclusive ETF Talk: Finding Value in Your Brokerage

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.

Jim Woods

Jim Woods is a 20-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor. Jim is the editor of Forecasts & Strategies, Tactical Trader, TNT Trader, Five Star Trader, Bullseye Stock Trader, and The Deep Woods. His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. His articles have appeared on many leading financial websites, including StockInvestor.com, InvestorPlace.com, Main Street Investor, MarketWatch, Street Authority, Human Events and many others. Jim formerly worked with Investor’s Business Daily founder William J. O’Neil, helping to author training courses in the CANSLIM stock-picking methodology. The independent firm TipRanks rates Jim the No. 3 financial blogger in the world (out of more than 6,000). TipRanks calculates that, since 2012, he's made 361 successful recommendations out of 499 total, earning a success rate of 72% and a +15.3% average return per recommendation. He is known in professional and personal circles as “The Renaissance Man,” because his expertise includes such varied fields as composing and performing music; Western horsemanship, combat marksmanship, martial arts, auto racing and bodybuilding. Jim holds a BA in philosophy from the University of California, Los Angeles, and is a former U.S. Army paratrooper. A self-described “radical for capitalism,” he celebrates the virtue of making money from his Southern California horse ranch.