ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Trading Down 6.3% – Here’s Why

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) shares dropped 6.3% on Tuesday . The company traded as low as $72.60 and last traded at $74.70. Approximately 14,961 shares traded hands during mid-day trading, an increase of 530% from the average daily volume of 2,374 shares. The stock had previously closed at $79.72.

ProShares Bitcoin & Ether Market Cap Weight ETF Price Performance

The stock’s 50 day moving average price is $87.68 and its 200-day moving average price is $76.29.

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

An institutional investor recently raised its position in ProShares Bitcoin & Ether Market Cap Weight ETF stock. Jane Street Group LLC lifted its holdings in ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) by 9.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,406 shares of the company’s stock after acquiring an additional 460 shares during the period. Jane Street Group LLC owned 5.41% of ProShares Bitcoin & Ether Market Cap Weight ETF worth $338,000 at the end of the most recent reporting period.

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.