The top 5 spot Bitcoin ETFs (2024)

FAQs

Which is the best spot for bitcoin ETF? ›

BlackRock's $20 Billion IBIT Fund Is World's Biggest Bitcoin (BTC) ETF - Bloomberg.

IBIT comprises nearly 50% of the total spot ETF volume. Meanwhile, Grayscale's GBTC and Fidelity's FBTC rank second and third in market share. The success of U.S. spot bitcoin ETFs has prompted applications in other markets like Hong Kong.

Where can you buy the best Bitcoin ETFs? Bitcoin ETFs are generally available at any broker that allows customers to purchase stocks on a major U.S. exchange. The best brokers for stock trading allow you to buy any available ETF with no commission, so you can get in and out of a position at a low cost.

IBIT is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.2% for BITB. Run a side-by-side ETF comparison of IBIT and BITB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

IBIT is preferable for those seeking an ETF structure with competitive fees and direct exposure to Bitcoin, while GBTC suits investors seeking exposure to Bitcoin's price movements despite potentially higher fees and the risk of trading at premiums or discounts.

The recent introduction of spot bitcoin ETFs has been generating headlines and buzz in pockets of the industry. However, Vanguard does not have plans to create a Vanguard bitcoin ETF or other crypto-related products. Additionally, such products from other issuers will not be offered on our brokerage platform.

Franklin Templeton becomes the issuer with the lowest fee on the second day of trading. After an underwhelming day of inflows for Franklin Templeton's Bitcoin spot ETF, they have decided to lower their fee and add a fee waiver. They are now the issuer with the lowest fee across the market, sitting at 0.19%.

What is the ticker for spot Bitcoin ETF? ›

Disadvantages of Crypto ETFs

1 When buying shares of an ETF, you pay your brokerage's trade fees and the fund's expense ratio. Crypto ETFs have expense ratios from 0.39% to 1.5%, much higher than the transaction fees charged by crypto exchanges. 9.

The futures-based Bitcoin E.T.F.s can end up being more expensive because the contracts expire and must be sold and repurchased, or “rolled,” each month. Those costs can be potentially significant, particularly when the new contracts cost more than the previous month's, causing managers to buy high and sell low.

If long-term price performance is your only investment goal, then the new Bitcoin ETFs make a lot of sense. However, you could prefer direct-asset ownership of Bitcoin if you are concerned about the regulatory or legal aspects of crypto.

Investors will now be able to buy options on the T-Rex 2x Long Bitcoin Daily Target ETF and the T-Rex 2x Inverse Bitcoin Daily Target ETF , which were launched on Wednesday, Rex Shares and Tuttle said.

Another form of diversification is investing in assets with low correlation. Assets with low correlation tend to move in different directions, so for instance when stocks are up, Bitcoin or a Bitcoin-linked ETF tend to be down. This further diversifies your portfolio, and can help you weather market bumps over time.