Bitcoin ETF Fees: Comparing 11 Bitcoin ETF Expense Ratios
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 |
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.
Craig is a former IT professional who left his 19-year career to be a full-time finance writer. A DIY investor since 1995, he started Retire Before Dad in 2013 as a creative outlet to share his investment portfolios. Craig studied Finance at Michigan State University and lives in Northern Virginia with his wife and three children. Read more.
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