Bitcoin ETF Fees: Comparing 11 Bitcoin ETF Expense Ratios

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ETF image. This article provides a table comparing Bitcoin ETF fees. The Bitcoin ETF expense ratios are subject to change. I'll update the table weekly.


The following table compares Bitcoin ETF fees. I’ve listed the initial Bitcoin ETF expense ratios and sorted the table by the post-waiver. 

Post-waiver fees may indicate which Bitcoin ETF will become the low-cost leader of the group.

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Bitcoin ETF Fees Comparison

Data verified as of 01/16/2024
Bitcoin ETF Name Symbol Initial Expense Ratio Expense Ratio (after waiver) Waiver Date SEC Link
ARK 21Shares Bitcoin ETF ARKB 0.00% 0.21% 07/11/2024 Filing
iShares Bitcoin Trust IBIT 0.12% 0.25% 01/11/2025 Filing
Fidelity Wise Origin Bitcoin Fund FBTC 0.00% 0.25% 07/31/2024 Filing
Bitwise Bitcoin ETF BITB 0.00% 0.20% 07/11/2024 Filing
Invesco Galaxy Bitcoin ETF BTCO 0.00% 0.39% 07/11/2024 Filing
Valkyrie Bitcoin Fund BRRR 0.00% 0.25% 04/11/2024 Filing
WisdomTree BTCW 0.00% 0.30% 07/11/2024 Filing
VanEck Bitcoin Trust HODL 0.25% 0.25% None Filing
Franklin Bitcoin ETF EZBC 0.00% 0.19% 08/02/2024 Filing
Grayscale Bitcoin Trust GBTC 2.00% 2.00% None Filing
Hashdex Bitcoin DEFI 0.94% 0.94% None Filing
Sources: Fidelity, SEC Filings
WordPress Table

The Bitcoin ETFs began trading on January 11th, 2024. 

The data above is sourced from Fidelity and SEC filings.

Should investors buy Bitcoin ETFs

Spot Bitcoin ETF Waivers

Many Bitcoin ETF providers offer investors a waiver (discount) for a period before they implement the full fee.

More than half started with a 0.00% expense ratio on January 11th, 2024. Fund administrators will raise fees in the next three to twelve months.

The fee discounts are offered as waivers. The waiver dates provided in the table indicate when each fund switches from the discounted expense ratio to the full expense fee.

The expense ratio is critical when choosing ETFs and mutual funds.

The Bitcoin ETF fees in the above table are subject to change. I’ll update the table when the Bitcoin ETF expense ratios change.

Buy or Sell Bitcoin ETFs?

Bitcoin ETFs have made it easier for retail investors to own Bitcoin. Though some view SEC approval as verification that the digital currency is a valid long-term asset, significant risk remains.

Investor demand drives prices as supply is constrained (limited Bitcoin circulation). A significant number of Bitcoins are held by individuals who, by holding or selling significant assets, can manipulate prices with no regulatory oversight. 

Bitcoin is still a speculative asset with no intrinsic value and limited utility. Investors should, therefore, exercise caution when investing in Bitcoin or spot Bitcoin ETFs.

Monitor Bitcoin ETF fees and expense ratios to purchase the lowest-cost fund.

Featured photo via DepositPhotos used under license.

 

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