7 Best Bitcoin ETFs to Buy for Q3 2024

Bitcoin ETFs are investment vehicles that let you track the price of Bitcoin on the regular stock market. This guide picks the 7 best Bitcoin ETFs to invest in today.
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Updated: Jul 8, 2024
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Bitcoin ETFs offer a simple, intuitive, and accessible way to get your hands on some cryptocurrency. The SEC’s decision to approve Bitcoin ETFs in January 2024 paved the way for billions of dollars to flow into these investments, but it also prompted lots of companies to create their own version of the ETF.

For investors, that choice has had the positive effect of driving prices down as the firms compete with each other for customers. But it also means that there are a lot of options, with each ETF offering a similar service – at least on the face of it.

This guide compares all the Bitcoin ETFs currently on the market, to help you identify the best value and the safest place to invest your money. Our experts have reviewed each of the ETFs included below to pick out the key features and offer advice about which one represents the best option for you.

Read on to find the best Bitcoin ETFs in 2024 and learn how to choose the right one.

What are the 7 top Bitcoin ETFs?

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You can find the best BTC ETFs listed below. The movement to get Bitcoin more widely accepted is growing at speed so there are new ETFs you can use to invest in the most popular cryptocurrency in the world.

#ETF symbolETF nameLearn more
1IBITiShares Bitcoin Trust Learn more >
2GBTCGrayscale Bitcoin Trust ETFLearn more >
3FBTCFidelity Wise Origin Bitcoin FundLearn more >
4ARKBARK 21Shares Bitcoin ETFLearn more >
5BITBBitwise Bitcoin ETFLearn more >
6BITOProShares Bitcoin Strategy ETFLearn more >
7BTCOInvesco Galaxy Bitcoin ETFLearn more >
Selected by our team of analysts, July 2024

1. iShares Bitcoin Trust (NASDAQ: IBIT)

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  • Current price: $40.48
  • AUM: $21.00 billion
  • Annual expense ratio: 0.25%
  • YTD performance: 51.27% (since launch)

Launched by BlackRock earlier this year The iShares Bitcoin Trust, offers a convenient way for investors to gain exposure to Bitcoin through a traditional brokerage account. By eliminating the need for secure storage and simplifying tax reporting, IBIT makes Bitcoin investing accessible to a broader audience.

BlackRock’s extensive experience in ETF management and innovation ensures that IBIT operates efficiently and transparently. As of June 5, 2024, IBIT has net assets of over $21 billion, making it the largest Bitcoin ETF, surpassing Grayscale Bitcoin Trust.

The fund tracks the CME CF Bitcoin Reference Rate – New York Variant, ensuring accurate and reliable pricing. Since its inception in January 2024, IBIT has attracted significant inflows, highlighting investor confidence. Its liquidity, with an average daily volume of nearly 24 million shares, and a tight bid/ask spread, makes it a practical choice for both institutional and retail investors.

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2. Grayscale Bitcoin Trust ETF (NYSEARCA: GBTC)

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  • Current price: $63.35
  • AUM: $20.36 billion
  • Annual expense ratio: 1.50%
  • YTD performance: 71.91%

As one of the earliest and most established Bitcoin investment vehicles, the Grayscale Bitcoin Trust offers a streamlined method for investors to gain Bitcoin exposure without the complications of direct ownership. Originally launched as a private placement in 2013 and recently transitioning to a spot Bitcoin ETF, GBTC has a decade-long track record in the cryptocurrency space.

GBTC’s transition from a closed-end fund to an open-ended ETF has significantly enhanced its appeal. This structural change has addressed the previous discount to NAV issue, aligning its trading price closer to the actual value of its Bitcoin holdings. This move, combined with the elimination of large tax bills associated with unrealized capital gains, has reinvigorated investor interest and improved liquidity.

Grayscale’s expertise and long-standing presence in the Bitcoin market provide an added layer of confidence for investors. Managed by Grayscale Investments, LLC, and with Bitcoin securely custodied by Coinbase Custody Trust Company, GBTC offers a reliable and efficient way to participate in the potential upside of Bitcoin.

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3. Fidelity Wise Origin Bitcoin Fund (BATS: FBTC)

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  • Current price: $62.38
  • AUM: $11,418.2 million
  • Annual expense ratio: 0.25%
  • YTD performance: 52.59% (since launch)

The Fidelity Wise Origin Bitcoin Fund provides investors with straightforward access to Bitcoin through a traditional brokerage account. Launched by Fidelity in 2024, this fund capitalizes on Fidelity’s extensive research and development in blockchain technology since 2014.

FBTC stands out with its competitive pricing, intraday liquidity, and the absence of lockups, making it a flexible and cost-effective option for both institutional and retail investors. The fund is designed to track the performance of Bitcoin, utilizing the Fidelity Bitcoin Reference Rate for accurate pricing.

Custodied by Fidelity Digital Asset Services, LLC, FBTC ensures the secure management of Bitcoin holdings with extensive operational, cyber, and physical controls. This foundation of security and Fidelity’s long-standing market presence make FBTC an attractive choice for those looking to incorporate digital assets into their investment strategy without directly handling the cryptocurrency themselves.

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4. ARK 21Shares Bitcoin ETF (BATS: ARKB)

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  • Current price: $70.42
  • AUM: $3.47 billion
  • Annual expense ratio: 0.21%
  • YTD performance: 53.59%

The ARK 21Shares Bitcoin ETF offers investors a strategic way to gain exposure to Bitcoin, combining the expertise of ARK Investment Management and 21Shares. Launched in January 2024, ARKB aims to track the performance of Bitcoin by referencing the CME CF Bitcoin Reference Rate – New York Variant.

ARKB’s key advantage lies in its robust security measures. The ETF’s Bitcoin holdings are maintained in cold storage by Coinbase Custody Trust Company, ensuring a high level of protection against online threats. This cold storage approach is vital for safeguarding against hacking and theft, providing investors with peace of mind. Additionally, the ETF’s low expense ratio of 0.21% makes it a cost-effective option for long-term Bitcoin exposure.

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5. Bitwise Bitcoin ETF (NYSEARCA: BITB)

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  • Current price: $39.50
  • AUM: $2.71 billion
  • Annual expense ratio: 0.20%
  • YTD performance: 52.27% (since launch)

Backed by Bitwise’s extensive expertise in crypto asset management, the Bitwise Bitcoin ETF invests directly in Bitcoin, providing a seamless entry point for both institutional and retail investors. Since its inception in January 2024, the ETF has grown rapidly, reflecting strong investor interest and confidence in Bitwise’s capabilities.

Bitwise has a robust six-year track record in managing crypto assets, which ensures that investments in BITB are handled with institutional-grade security and compliance. The ETF’s assets are securely custodied by Coinbase Custody Trust Co., LLC, and its administration is managed by the Bank of New York Mellon, adding layers of trust and reliability.

One distinctive feature of BITB is its commitment to supporting Bitcoin development. Bitwise allocates 10% of its profits to funding non-profit Bitcoin developers such as Brink, OpenSats, and the Human Rights Foundation.

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6. ProShares Bitcoin Strategy ETF (NYSEARCA: BITO)

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  • Current price: $26.97
  • AUM: $2.12 billion
  • Annual expense ratio: 0.95%
  • YTD performance: 23.21%

The ProShares Bitcoin Strategy ETF offers a distinct approach to Bitcoin investment by focusing on Bitcoin futures contracts rather than holding the cryptocurrency directly. Launched in October 2021, BITO was the first U.S. Bitcoin-linked ETF, providing investors with a familiar and regulated way to gain exposure to Bitcoin through a traditional brokerage account without needing a cryptocurrency exchange or wallet.

BITO aims to mirror Bitcoin’s performance by investing in futures contracts, which can sometimes lead to differences in returns compared to spot Bitcoin ETFs. This methodology, while providing the benefits of liquidity and transparency inherent to ETFs, introduces potential tracking errors due to the cost of rolling over futures contracts.

BITO’s appeal lies in its dividend payouts, which have attracted income-seeking investors. The fund distributes dividends generated from its Bitcoin futures and other assets, offering a notable yield in a market where direct Bitcoin investments typically do not provide income.

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7. Invesco Galaxy Bitcoin ETF (BATS: BTCO)

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  • Current price: $71.30
  • AUM: $520.1 Million
  • Annual expense ratio: 0.00% (until $5 billion AUM)
  • YTD performance: 53.23% (since launch)

Delving into the realm of Bitcoin ETFs, the Invesco Galaxy Bitcoin ETF (BTCO) emerges as a compelling option for investors seeking secure and convenient exposure to the world’s leading cryptocurrency. Designed to reflect the performance of the spot price of Bitcoin, BTCO provides a regulated and structured approach to Bitcoin investing.

One notable aspect of BTCO is its competitive pricing strategy. In an effort to reduce the barrier to entry for investors, Invesco intends to waive the entire sponsor fee on the first $5 billion of trust assets for the initial six months.

Moreover, BTCO boasts a differentiated structure informed by the combined expertise of Invesco and Galaxy, two leaders in their respective fields. Leveraging Invesco’s global ETF franchise and Galaxy’s proficiency in digital assets and blockchain technology, BTCO offers a robust framework designed to optimize trading efficiency and liquidity.

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Compare the best platforms to trade Bitcoin ETFs

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To get a Bitcoin ETF you should use one a proper ETF platform. These are some of the best platforms to start trading with, and they’re easy to use for beginners and experienced users alike.

Sort by:

1
Min. Deposit
$ 100
Best offer
User Score
9.9
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA

51% of retail CFD accounts lose money. Your capital is at risk.

2
Min. Deposit
$ 100
Best offer
User Score
9.9
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3
Min. Deposit
$ 1
Best offer
User Score
9.8
Offers maximum flexibility for crypto trading strategies.
Responsive customer support through various channels, including live chat, email, and a comprehensive help center.
Wide range of trading options, including spot trading, margin trading, and futures contracts.
Start Trading
Payment Methods:
Debit Card, Credit Card, Visa, Mastercard, American Express, Apple Pay, Google Pay, Discover
Full Regulations:
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

What is a Bitcoin ETF?

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An ETF (exchange-traded fund) is an investment security that tracks the price of a market, index, or sector by owning the assets within it. It trades on the stock market so that you can buy shares in the ETF, and the price of the fund rises and falls based on the performance of the assets it owns.

For a Bitcoin ETF, that asset is either the Bitcoin cryptocurrency, or (more commonly at the moment) shares in companies that operate in the Bitcoin market. The big advantage compared to buying cryptocurrency directly is these funds are regulated so the investor has a lot more protection if anything were to happen to their money, and they’re professionally managed and assessed as well.

What should I look for in an exchange-traded fund?

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There are a few things to consider, including whether you want a fund that owns Bitcoin directly or one with a more diverse portfolio of shares. Here are four of the most important factors to look out for:

Low maintenance fees

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ETFs need very little maintenance and oversight so they shouldn’t charge very much in fees. While you should expect to pay some kind of annual charge it should be small (less than 1%), and check to make sure there aren’t lots of other hidden fees as well. Generally, you’re better off choosing a fund with the lowest fees as many of them hold the same assets and will have similar performance.

A history of good performance

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Past performance is no guarantee of future success. But it can be a good indicator that the fund is on the right track. You want to steer clear of funds that have routinely underperformed expectations or the market as a whole. 

Daily trading volume

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Lots of trading volume means there’s enough liquidity in the market. This is important because it means the ETF will always be able to trade the stocks it owns, and won’t get stuck with a failing investment because there isn’t enough demand if it wants to sell.

Diverse holdings

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One of the main benefits of an ETF is that it gives you access to a diverse portfolio of assets. An ETF should reduce your risk by holding lots of different companies, rather than being reliant on the performance of one or two.

Obviously, in the case of a Bitcoin ETF your options are limited, but it’s why it could be worth picking one that owns shares in a few different companies as well as the coin itself. Each ETF has to publish its holdings, so you can see what percentage of its portfolio is in each asset and make a decision accordingly.

Quick answers to key questions

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Do I have to pay to use an ETF?

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You will usually have to pay some form of maintenance or management fee, but it shouldn’t be very much. Some funds charge less than 0.1% a year, for others it’s a little bit higher but you should be wary of anything above 1%.

What’s the difference between an ETF and a mutual fund?

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An ETF is passive and tracks the performance of an index or industry, while a mutual fund is controlled by a professional investor who decides what to buy and sell. Mutual funds might have a guiding principle but you’re still reliant on the vagaries of decision-making, and their performance can vary quite dramatically. With an ETF you can be confident it is going to accurately reflect the state of the industry it’s tracking.

Can ETFs hold other coins as well as Bitcoin? 

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In theory, yes, although there are no current ETFs that hold other cryptocurrencies in addition to Bitcoin. The reality is that the precedent for this type of ETF has been set now and it’s likely that Ethereum ETFs and ETFs tracking other popular coins will become available in the near future.

Until then, you could look for an ETF that owns shares in companies that operate in different crypto markets, such as Ethereum, along with Bitcoin.

Are Bitcoin ETFs safe to use?

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Yes, they are just as safe as any stock or ETF that you can buy through a stock broker. In fact, a Bitcoin ETF is a lot more secure than owning Bitcoin itself, and the whole point of the regulation is to protect investors. Just remember to make sure your broker is regulated by an established financial body such as the Securities & Exchange Commission so that you have the benefits of that protection.

When will more Bitcoin ETFs be approved by the SEC?

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Now that the SEC has given its approval to the first batch of spot Bitcoin ETFs, it’s likely that more will follow soon. The SEC has the legal authority to delay ETF applications by up to 240 days (9 months), at which point it has to approve or reject those applications. The pattern up to now has been that these decisions tend to be made at the last possible moment.

There is likely to be another flurry of approvals in March 2024, but it depends on the exact date at which each application was made.

Should I use a Bitcoin ETF?

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It depends on what you think of the few that are available at the moment. As a general rule, ETFs are an excellent choice for beginners, as they’re easy to get your hands on and can be left to their own devices. For now, though, there aren’t very many options available and it might be easier to learn how to buy Bitcoin directly if you want to gain exposure to it.

Still undecided?

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To help you come to a final decision, we’ve summarised all the key points you need to know about in the table below. Have a think about these pros and cons, then you’ll be well set to decide whether an ETF is for you.

Pros

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  • They are a low maintenance way to speculate on the future of Bitcoin
  • An ETF offers more security than buying Bitcoin from a cryptocurrency exchange
  • ETFs are cheap and easy to get and you can access them straight through your existing broker account

Cons

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Where do I go now?

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If you want to go ahead and get an ETF now then you should pick a broker to get started. Otherwise, you can use one of our investing courses to learn more about Bitcoin or the stock market.

Get a Bitcoin ETF

Methodology: How we choose the best Bitcoin ETFs

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At Invezz, we are dedicated to helping investors make informed decisions by providing authoritative, accessible, and engaging advice and recommendations. Our curated section of the best Exchange-Traded Funds (ETFs) is carefully selected by our team of experienced market analysts and reviewed by a sub-editor. This methodology outlines the rigorous process we follow to ensure our ETF recommendations are up-to-date, reliable, and insightful.

  • Analyst research & recommendations: Our seasoned market analysts use their in-depth sector knowledge to identify ETFs with strong potential, ensuring they meet high standards of performance, liquidity, and market potential.
  • ETF evaluation: We evaluate ETFs based on their underlying assets, historical performance, expense ratios, and tracking accuracy, alongside macroeconomic factors and sector trends.
  • Fund performance reports: We assess ETFs through the latest performance reports, analyzing key metrics like returns, volatility, expense ratios, and assets under management (AUM).
  • Sector analysis and external recommendations: Our detailed sector analysis, combined with recommendations from reputable sources like Barron’s and Zacks, provides an additional layer of validation for our selections.
  • Quarterly review & refresh: We update our curated ETF list quarterly, re-evaluating each ETF based on the latest reports, industry developments, and market conditions to ensure our recommendations reflect the most current information available.

Sources & references
Risk disclaimer
Ritesh A.
Market Analyst & Pro-Trader
Ritesh is a Market Analyst & Pro-Trader for Invezz, covering the stocks, forex, and commodities markets. With over a decade of experience in fundamental and technical... read more.
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.