BETE ETF — ProShares Bitcoin & Ether Equal Weight Strategy ETF

ProShares Bitcoin & Ether Equal Weight Strategy ETF (BETE)

BETE is an ETF linked to Bitcoin & Ether Futures. As of September 3, 2026, its distribution rate is 1.16%, its trailing-12-month yield is 36.11%, its expense ratio is 0.95%. Dividend Vision Distribution Safety Score™ is 4/100 (High risk). Total return is 86.2% over the past 2.9 years, 1.0 points behind SPY at 87.2%.

At the current 1.16% distribution rate, a $10,000 investment would generate approximately $116 per year, or $9.67 per month on an equivalent basis.

ProShares Bitcoin & Ether Equal Weight Strategy ETF is an ETF that seeks total return through managed exposure to bitcoin and ether futures contracts, maintaining roughly equal weight between the two assets. The fund carries a modest expense ratio of 0.95% and distributes monthly with a current distribution rate in the low single digits. It appeals to investors seeking direct exposure to major cryptocurrencies through a futures-based strategy rather than direct cryptocurrency ownership.

BETE performance versus SPY

Data as of September 3, 2026.

Total return is 86.2% over the past 2.9 years, 1.0 points behind SPY at 87.2%. Its deepest 1-year drawdown was 61.8%.

BETE key facts

Data as of September 3, 2026.

Distribution Safety Score™

4 · High risk

Safety-Adjusted Yield

0.05%

Issuer

ProShares

Asset type

ETF

Asset class

Equity

Inception date

12/18/2024

Expense ratio

0.95%

Distribution rate

1.16%

Distribution frequency

Monthly

Trailing yield

36.11%

30-day SEC yield

0.99%

Last close

$39.69

NAV

$37.60

Premium / discount

5.56% premium

AUM

$8,688,814

Average volume

4312.0

Next dividend

$0.0383

Last ex-dividend date

09/01/2026

Next payment date

09/08/2026

Beta

2.4867

How Dividend Vision calculates yield and returns

Distribution rate (1.16%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (36.11%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. The 30-day SEC yield (0.99%) is the SEC standardized figure when we have it. An issuer may publish a different SEC or TTM yield using another as-of date or share-class convention. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss. Figures below use Dividend Vision data as of September 3, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of September 3, 2026.

Primary sources: ProShares or company page; Index: Bitcoin & Ether Futures; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BETE risks and drawbacks

BETE's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 61.8%.

Who may consider BETE — and who may not

It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from ProShares.