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GBTC vs BETE

Grayscale Bitcoin Trust ETF vs Proshares Bitcoin & Ether Equal Weight ETF

GBTC

Grayscale Bitcoin Trust ETF

Grayscale

Annual cost

1.50%

Fund size

$11.5B

BETE

Proshares Bitcoin & Ether Equal Weight ETF

ProShares

Annual cost

0.95%

Fund size

$9M

Key differences

  • BETE costs 0.55% less per year.
  • GBTC is significantly larger than BETE — larger funds tend to be more liquid and less likely to close.
  • GBTC is classified as cryptocurrency, while BETE is alternative — different risk/return profiles.
  • GBTC has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

GBTCBETE
Annual cost (TER)1.50%0.95%
Fund size (AUM)$11.5B$9M
Since20132023
Dividend yield0.00%74.10%
Asset classcryptocurrencyalternative
Region
Strategystructured outcome
CAGR 1Y-32.2%-26.4%
CAGR 3Y+64.8%N/A
CAGR 5Y+14.6%N/A
Sharpe 3Y1.15N/A
Volatility 1Y43.18%54.65%
Max drawdown-89.91%-56.31%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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