Filings Digest
Three Themes funds due cash on Friday, September 25
ProShares - Bitcoin & Ether Market Cap Weight ETF
AThis 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.
$45.63+0.20 (+0.43%)
- 0.95%
- $12M
- −33.1%
- 19.38%
- 0M sh
- $45.43
- low $31.89high $79.85
The ETF.net BETH Grade
A
Score 71 out of 100
- 1 of 11
Score 71 of 100 falls in the A 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.B58 out of 100Rank 5 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B65 out of 100Rank 4 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 BETH
ABitcoin or ether? BETH declines to choose. It holds both through futures inside a 1940 Act fund, weighted by market size, so the bigger coin gets the bigger slice and the mix reshuffles itself as the two trade places.
BETH seeks performance corresponding to a market-capitalization-weighted basket of bitcoin and ether.
Why people hold it
- Two coins, one ticker: bitcoin and ether held in market-cap proportions, so the split follows the market rather than a hand-picked ratio.proshares.com
- Charges 0.95% a year, below the median fee in its crypto-derivative peer group.
- Ordinary brokerage plumbing: a registered fund using futures, so there is no crypto exchange account, wallet, or direct coin custody in the picture.proshares.com
- Runs on a monthly distribution cadence, which ProShares flags as a difference from spot crypto products.proshares.com
Worth knowing
- Futures, not coins. ProShares states the fund invests in futures and not directly in bitcoin and ether, so results can diverge from spot prices.proshares.com
- A small, thinly traded fund next to the crypto ETFs that hog the volume, which can show up as wider bid-ask spreads.
- Market-cap weighting hands bitcoin the larger share by design. Sibling fund BETE splits the two evenly at the same 0.95% fee.
BETH Holdings
- Other
- 1
- 100%
- Net Other Assets (Liabilities)
BETH 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.
BETH$6,695
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 | BETH |
|---|---|
| Year to date | −10.1% |
| 1 month | +5.2% |
| 3 months | +29.2% |
| 1 year | −33.1% |
| 3 years | +31.2% |
| 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 | BETH |
|---|---|---|
| 2026 YTD | −10.1% | |
| 2025 | −10.6% | |
| 2024 | +85.2% | |
| 2023 | +42.7% |
BETH in the news
BETH Dividends
- 19.38%
- $8.81
- $0.04 per share
- Monthly
Distribution history
BETH Risk
- 53.2%
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.
- 0.55
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.
- −56.9%
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.
- 2.13
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BETH Cost
0.95%
BETH0.95%
- The middle half of Crypto Derivatives funds
- Median 1.11%
No Crypto Derivatives fund charges less.
Other funds in Crypto Derivatives
- BEETHProShares - Ether ETFExpense ratio 0.95%1 year return −38.7%
- BBETEProShares - Bitcoin & Ether Equal Weight ETFExpense ratio 0.95%1 year return −35.3%
- 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%