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Launched

ProShares Bitcoin & Ether Equal Weight ETF

BETENYSE ArcaProSharesBThis 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.

$35.86+0.08 (+0.23%)

As of Nov 2, 2026, 3:37 PM ET

Intraday session: up, 69 prints from 35.78 to 35.86. Range 35.78 to 36.28. Use the arrow keys to read each point.36.0036.1036.2036.3010 AM12 PM2 PM4 PM
Expense ratio
1.03%
Fund size
$8M
1Y total return
−38.8%
Yield · Last 12 months
31.48%
Holdings
2
Avg volume · 30D
1.72K sh
52W range
low $26.53high $72.48
Launched

The ETF.net BETE Grade

Based on 4 of 6 pillars

B

Score 64 out of 100

Rank
3 of 10
Six-pillar profile for BETE. Scores out of 100: Cost 74, Risk 47, Mission not scored, Tradability 60, Holdings not scored, Durability 69. Strongest: Cost (74). Weakest: Risk (47). Based on 4 of 6 pillars.

Score 64 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.
    A74 out of 100
    Rank 2 of 10
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 5 of 10
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B60 out of 100
    Rank 4 of 10
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B69 out of 100
    Rank 5 of 10

Our read on BETE

ETF.net Research

In short

BBitcoin and ether, each exactly half the basket, held through futures rather than the coins themselves. A deliberately even-handed take on the two, for 1.03%, below the category median fee.

Stated mandate

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

  • Equal weight is the entire point: bitcoin and ether each hold half the basket, so one coin's market cap doesn't set the fund's direction.proshares.com
  • The 1.03% fee is gross and net alike, with no waiver propping it up, and it lands below the median for its crypto-derivatives peers.
  • Launched October 2, 2023, part of the ProShares rollout that brought the first US ether-linked ETF to market.proshares.com
  • Built as a registered 1940 Act fund rather than a commodity pool, and it pays distributions monthly.

Worth knowing

  • Exposure comes from futures contracts, not the coins, so the cost of rolling those contracts can pull results away from spot bitcoin and ether.
  • It sits among the smaller, thinner-trading funds in its category, which can show up as wider spreads.
  • Equal weight costs a little more than the market-cap route: sibling BETH runs the same two coins at 0.95%, with no waiver in the mix.

BETE Performance

Launched Oct 2, 2023

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$6,124
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. BETE $6,124. SPY $11,199. Use the arrow keys to read each point.$5,000$7,500$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for BETE. Periods over one year show the average yearly return.
PeriodBETE
Year to date−21.5%
1 month−12.6%
3 months+19.5%
1 year−38.8%
3 yearsper year+13.8%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BETE
YearReturn barBETE
2026 YTD−21.5%
2025−6.7%
2024+66.1%
2023+40.2%

Since listing, Oct 2, 2023

BETE in the news

BETE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
31.48%Last 12 months
Payout per share
$11.27Last 12 months
Last payment
$0.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 32 payments from 2023 to 2026 YTD. Nov 1, 2023 $0.04; Dec 1, 2023 $0.11; Dec 20, 2023 $0.30; Feb 1, 2024 $0.34; Mar 1, 2024 $1.81; Apr 1, 2024 $2.13; May 1, 2024 $2.79; Jun 3, 2024 $2.10; Jul 1, 2024 $1.71; Aug 1, 2024 $1.00; Dec 23, 2024 $0.26; Feb 3, 2025 $2.53; Mar 3, 2025 $1.61; Apr 1, 2025 $0.08; May 1, 2025 $0.07; Jun 2, 2025 $1.92; Jul 1, 2025 $1.47; Aug 1, 2025 $4.49; Sep 2, 2025 $5.11; Oct 1, 2025 $3.09; Nov 3, 2025 $3.73; Dec 1, 2025 $3.71; Dec 24, 2025 $3.56; Feb 2, 2026 $0.01; Mar 2, 2026 $0.05; Apr 1, 2026 $0.03; May 1, 2026 $0.02; Jun 1, 2026 $0.04; Jul 1, 2026 $0.03; Aug 3, 2026 $0.02; Sep 1, 2026 $0.04; Oct 1, 2026 $0.03. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 6, 2026$0.03
Oct 1, 2026Oct 7, 2026$0.03
Sep 1, 2026Sep 8, 2026$0.04
Aug 3, 2026Aug 7, 2026$0.02
Jul 1, 2026Jul 8, 2026$0.03
Jun 1, 2026Jun 5, 2026$0.04
May 1, 2026May 7, 2026$0.02
Apr 1, 2026Apr 8, 2026$0.03
Mar 2, 2026Mar 6, 2026$0.05
Feb 2, 2026Feb 6, 2026$0.01
Dec 24, 2025Dec 31, 2025$3.56
Dec 1, 2025Dec 5, 2025$3.71

See all 33 payments⁠

$10,000 in BETE 3 years ago paid $9,388 in dividends.⁠

BETE Risk

How much the fund’s monthly returns vary, scaled to a year.
59.8%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.42
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−61.4%
36 months · trough Jun 2026
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.

How strongly the fund’s returns move with its asset-class index.
2.46
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BETE Cost

Overpaying vs BETH, cheapest in Crypto Derivatives

$1,304

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BETE 1.03%

    $19,173

  • BETH 0.95% Cheapest

    $17,869

$10,000
30 years

Cost over time

  • BETE 1.03%
  • BETH 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BETE $19,173BETH $17,869

Year by year

YearBETEBETHOverpaying
10$1,814$1,678$136
20$6,807$6,322$485
30$19,173$17,869$1,304

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