The Greek letter is usually spelt bêta. But the use of the word as in version beta is indifferently spelt with or without the circumflex.
Anyway whether bêta ot beta it is still pronounced [bɛta].
If you look at the wiktionary it says:
beta
(Non standard) Variante de bêta.
Les cellules beta.
The ê letter has been chosen to represent the ancient Greek ῆ (êta) of βῆτα (modern Greek ή). It corresponds to an open long vowel [ɛː] while AmE uses [eɪ] and BrE uses [i] instead 1.
The French circumflex mark here the length of the vowel and not a letter that would have disappeared.
Êta is also present in these other letters from the Greek alphabet:
zêta: ζῆτα:
êta: ἦτα
thêta: θῆτα
No accent is needed with delta because of the following l. The Greek vowel is different too (epsilon representing the short closed vowel [e]): δέλτα
An acute accent is required in the last Greek letter to represent this same [e] in French:
oméga: ὦ μέγα
1 For english usage, see Why are Greek letters pronounced incorrectly in scientific English
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