This should have been fixed a while back. Try running steam --reset when you're in the beta state.
I did a reset after opting out of beta by renaming the file.
Now I opted in again to beta and restarted steam just fine without errors.
Nothing extracted yet.
while running beta client (because I was hoping this would maybe solve the issue that I cannot use a btrfs-on-ssd based library folder - which it didn't) all of a sudden (couple weeks ago now) the client stopped working.
It just wouldn't load.
here's the issue:
I did manage to solve it by returning to the standard client instead of beta.
found the instructions for this here
Is there a reason why beta cannot be used anymore?
some system info: