Filings Digest
Three Themes funds due cash on Friday, September 25
ProShares - Bitcoin & Ether Equal Weight ETF
BThis fund gets its cryptocurrency exposure through futures contracts rather than holding coins directly. Futures-based returns can differ from the spot price of the coin.
$39.71+0.16 (+0.40%)
- 0.95%
- $9M
- −35.3%
- 28.48%
- 0M sh
- $39.54
- low $26.53high $77.98
The ETF.net BETE Grade
B
Score 67 out of 100
- 3 of 11
Score 67 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A82 out of 100Rank 1 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C45 out of 100Rank 6 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B61 out of 100Rank 5 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A72 out of 100Rank 3 of 11
Our read on BETE
BBitcoin and ether, split down the middle, in one ordinary ETF wrapper. BETE gets there through futures rather than owning coins, and rebalances back to even so one side can't quietly take over.
The Fund seeks to track the performance of an equal-weight basket of bitcoin and ether, primarily through futures contracts rather than direct holdings of either asset.
Why people hold it
- Two coins, one ticker. The equal-weight basket keeps bitcoin and ether at the same starting weight, so ether isn't dwarfed by the bigger asset.proshares.com
- 0.95% expense ratio, below the typical fee among crypto-derivative ETFs.
- A registered 1940 Act fund that trades in a normal brokerage account. No exchange logins, no wallets, no keys. Distributions come monthly.
- Sits in the upper half of its crypto-derivatives peer group on our review, alongside its ProShares siblings.
Worth knowing
- Futures, not coins. The fund holds contracts and rolls them, so its path can separate from spot bitcoin and ether prices over time.proshares.com
- A small fund that doesn't trade heavily. Spreads can be wide, which makes limit orders the sane default.
- Equal weight is a choice, not a neutral one. Sibling fund BETH runs the same two assets at market-cap weight for the same fee.
BETE Holdings
- Other
- 1
- 100%
- Net Other Assets (Liabilities)
BETE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
BETE$6,474
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BETE |
|---|---|
| Year to date | −13.3% |
| 1 month | +2.5% |
| 3 months | +33.3% |
| 1 year | −35.3% |
| 3 years | +26.4% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BETE |
|---|---|---|
| 2026 YTD | −13.3% | |
| 2025 | −6.7% | |
| 2024 | +66.1% | |
| 2023 | +40.2% |
BETE in the news
BETE Dividends
- 28.48%
- $11.27
- $0.03 per share
- Monthly
Distribution history
BETE Risk
- 60.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.50
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −61.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 2.46
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BETE Cost
0.95%
BETE0.95%
- The middle half of Crypto Derivatives funds
- Median 1.11%
No Crypto Derivatives fund charges less.
Other funds in Crypto Derivatives
- ABETHProShares - Bitcoin & Ether Market Cap Weight ETFExpense ratio 0.95%1 year return −33.1%
- BEETHProShares - Ether ETFExpense ratio 0.95%1 year return −38.7%
- DSOLZVolatility Shares Trust - Solana ETFExpense ratio 1.64%1 year return −49.1%
- DBTFCoinShares Bitcoin and Ether ETFExpense ratio 1.27%1 year return −35.5%
- DXRPIXRP ETFExpense ratio 1.68%1 year return −53.1%