ProShares Bitcoin & Ether Strategy ETF
Name
As of 05/07/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
40.3%
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$5.84 M
Holdings in Top 10
86.2%
52 WEEK LOW AND HIGH
$73.9
$38.50
$95.20
Expenses
OPERATING FEES
Expense Ratio 1.33%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 05/07/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BETH - Profile
Distributions
- YTD Total Return 40.3%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 39.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameProShares Bitcoin & Ether Strategy ETF
-
Fund Family NameProShares Trust
-
Inception DateOct 02, 2023
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
The Fund seeks to achieve its investment objective primarily throughmanaged exposure to bitcoin and ether futures contracts. In this manner, the Fund seeks to provide investment results that correspond to the performance of a market-capitalization weighted basket of bitcoin andether.The Fund does not invest directly in bitcoin or ether. Investors seeking a direct investment in bitcoin or ether should consider an investment other than the Fund.Each month the Fund will invest its assets in proportion tothe market-capitalization of bitcoin and ether. Market-capitalization is determined by multiplying the price of bitcoin or ether by the amount in circulation (i.e.,the total amount mined or minted and available for use).Bitcoin and ether futures contracts are replaced or“rolled”each month to the next month’s contract prior to expiration. The Fund’s market-capitalization weighted exposure is reestablishedeach monthin connection with the rolling of bitcoin and ether futures. As of September15,2023, the market capitalization weight of bitcoin and ether was 73% and 27%, respectively.While the Fund seeks to invest primarily in crypto futures contracts, the Fund also may invest in other instruments as described below.•Crypto Futures Contracts – Standardized, cash-settled crypto futures contracts. The Fund seeks to invest in cash-settled,front-month crypto futures. The Fund may also invest in back-month crypto futures contracts. Front-month crypto futures contracts are those contracts with the shortest time to maturity. Back-month crypto futures contracts are those with longer times to maturity.•Exchange-Traded Funds — In limited circumstances, for example,if the Fund is unable to obtain the desired exposure through crypto futures contracts or in order to facilitate compliance with certain tax requirements, the Fund may invest in shares of other ETFs, which are registered investment companies that are traded on U.S. stock exchanges and provide exposure to crypto futurescontracts.•Money Market Instruments — The Fund expects that any cash balances maintained in connection with its use of derivatives will typically be held in high quality, short-term money market instruments, for example:○U.S. Treasury Bills — U.S. government securities that have initial maturities of one year or less, and are supported by the full faith and credit of the U.S. government.○Repurchase Agreements — Contracts in which a seller of securities, usually U.S. government securities or other money market instruments, agrees to buy the securities back at a specified time and price.•Reverse Repurchase Agreements – The Fund seeks to engage in reverse repurchase agreements, a form of borrowing or leverage, and uses the proceeds to help achieve the Fund’s exposure to futurescontracts.In order to maintain its exposure to crypto futures contracts, the Fund must sell its futures contracts as they near expiration and replace them with new futures contracts with a later expiration date. This is often referred to as “rolling” a futures contract. Futures contracts with a longer term to expiration may be priced higher than futures contracts with a shorter term to expiration, a relationship called “contango.” When rolling futures contracts that are in contango, the Fund will sell the expiring contract at a relatively lower price and buy a longer-dated contract at a relatively higher price.Conversely, futures contracts with a longer term to expiration may be priced lower than futures contracts with a shorter term to expiration, a relationship called “backwardation.” When rolling futures contracts that are in backwardation, the Fund will sell the expiring contract at a relatively higher price and buy a longer-dated contract at a relatively lower price.The Fund expects to gain exposure by investing a portion of its assets in a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands and advised by ProShare Advisors. Because the Fund intends to qualify for treatment as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended, the Fund intends to invest no more than 25% of the Fund’s total assets in the subsidiary at each quarter end of the Fund’s tax year. Exceeding this amount may have tax consequences, see the section entitled “Tax Risk” in the Fund’s Prospectusfor more information. References to investments by the Fund should be read to mean investments by either the Fund or the subsidiary.
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BETH - Performance
Return Ranking - Trailing
Period | BETH Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 40.3% | N/A | N/A | N/A |
1 Yr | N/A | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | BETH Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
Total Return Ranking - Trailing
Period | BETH Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 40.3% | N/A | N/A | N/A |
1 Yr | N/A | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | BETH Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
BETH - Holdings
Concentration Analysis
BETH | Category Low | Category High | BETH % Rank | |
---|---|---|---|---|
Net Assets | 5.84 M | N/A | N/A | N/A |
Number of Holdings | 8 | N/A | N/A | N/A |
Net Assets in Top 10 | 5.04 M | N/A | N/A | N/A |
Weighting of Top 10 | 86.25% | N/A | N/A | N/A |
Top 10 Holdings
- Repurchase Agreement 37.34%
- Repurchase Agreement 15.53%
- CME Bitcoin Future Non-equity Index 12.03%
- Repurchase Agreement 10.81%
- Repurchase Agreement 6.21%
- CME Ether Non-equity Index 2.65%
- Repurchase Agreement 1.57%
- CME Micro Ether Non-equity Index 0.10%
Asset Allocation
Weighting | Return Low | Return High | BETH % Rank | |
---|---|---|---|---|
Other | 86.25% | N/A | N/A | N/A |
Cash | 13.75% | N/A | N/A | N/A |
Stocks | 0.00% | N/A | N/A | N/A |
Preferred Stocks | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Bonds | 0.00% | N/A | N/A | N/A |
BETH - Expenses
Operational Fees
BETH Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.33% | N/A | N/A | N/A |
Management Fee | 0.95% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
BETH Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
BETH Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
BETH Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
BETH - Distributions
Dividend Yield Analysis
BETH | Category Low | Category High | BETH % Rank | |
---|---|---|---|---|
Dividend Yield | 39.73% | N/A | N/A | N/A |
Dividend Distribution Analysis
BETH | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly |
Net Income Ratio Analysis
BETH | Category Low | Category High | BETH % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
BETH | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Distributions History
Date | Amount | Type |
---|---|---|
May 01, 2024 | $2.439 | OrdinaryDividend |
Apr 01, 2024 | $2.462 | OrdinaryDividend |
Mar 01, 2024 | $2.498 | OrdinaryDividend |
Feb 01, 2024 | $0.517 | OrdinaryDividend |
Dec 20, 2023 | $0.096 | OrdinaryDividend |
Dec 01, 2023 | $0.054 | OrdinaryDividend |
Nov 01, 2023 | $0.060 | OrdinaryDividend |