The effect of betatizing temperature on microstructure and transformation characteristics in a Cu-AI-Ni based pseudoelastic alloy fabricated by heated mold continuous casting by using metallography, XRD and calorimetry. The microstructure of cast rod betatized at $600^{circ}C$ revealed a ${eta}_1$ parent phase and a ${gamma}_2$ phase precipitated along the casting direction. When the cast rod was betatized at the elevated temperature above $600^{circ}C$, the ${gamma}_2$ phase is completely dissolved into the matrix so that the volume fraction of the ${gamma}_2$ phase was decreased. The parent phase was stabilized by betatizing at $600^{circ}C$. However, the ${eta}_1$ parent phase was transformed to both ${{eta}_1}^{prime}$ and ${{gamma}_1}^{prime}$ martensites with increasing betatizing temperatures above $600^{circ}C$, while $M_s$ and $A_s$ temperatures were decreased. The stress-strain curves for compression test were not same with betatizing temperature; the stress-strain curves of the specimen betatized at $600^{circ}C$ and $700^{circ}C$ were linear but those of the specimen betatized at $800^{circ}C$ and $900^{circ}C$ were not linear.