Top Bitcoin ETFs 2025

Comprehensive analysis of the leading crypto ETFs with performance metrics, fees, and expert reviews

Last updated: September 2025

ETF Details	Assets (AUM)	Expense Ratio	2024 Performance	Rating & Review
₿ iShares Bitcoin Trust IBIT BlackRock	Largest Bitcoin ETF	0.25% 0.12% on first $5B for 12 months	Excellent	★★★★★ 5.0/5 Market leader with exceptional liquidity and institutional backing. BlackRock's reputation provides strong investor confidence.
₿ Fidelity Wise Origin Bitcoin FBTC Fidelity	2nd largest Bitcoin ETF	0.25% After waiver period	Excellent	★★★★★ 4.8/5 Strong alternative to IBIT with competitive fees. Good for retirement accounts and Fidelity customers.
₿ ARK 21Shares Bitcoin ARKB ARK Invest	Growing contender	0.21% 0% on first $1B for 6 months	Excellent	★★★★☆ 4.3/5 Innovative approach with ARK's tech focus. Lowest ongoing expense ratio among major Bitcoin ETFs.
₿ Bitwise Bitcoin ETF BITB Bitwise	Crypto-native manager	0.20% 0% on first $1B for 6 months	Excellent	★★★★☆ 4.2/5 Crypto-native expertise with strong track record. Competitive fees and solid performance.
₿ Grayscale Bitcoin Trust GBTC Grayscale	Converted trust	1.50% No fee waiver offered	Good	★★★☆☆ 3.5/5 Pioneer in Bitcoin investment but high fees hurt returns. Consider newer alternatives.
₿ ProShares Bitcoin Strategy BITO ProShares (Futures)	Futures-based	0.95% No waiver, futures-based costs	Fair	★★★☆☆ 3.2/5 First Bitcoin ETF but futures-based tracking creates performance drag. Consider spot ETFs instead.

₿

iShares Bitcoin Trust (IBIT)

BlackRock

Assets (AUM)

Largest Bitcoin ETF

Expense Ratio

0.25%

2024 Performance

Excellent

Rating

★★★★★

Market leader with exceptional liquidity and institutional backing. BlackRock's reputation provides strong investor confidence.

₿

Fidelity Wise Origin Bitcoin (FBTC)

Fidelity

Assets (AUM)

2nd largest Bitcoin ETF

Expense Ratio

0.25%

2024 Performance

Excellent

Rating

★★★★★

Strong alternative to IBIT with competitive fees. Good for retirement accounts and Fidelity customers.

₿

ARK 21Shares Bitcoin (ARKB)

ARK Invest

Assets (AUM)

Growing contender

Expense Ratio

0.21%

2024 Performance

Excellent

Rating

★★★★☆

Innovative approach with ARK's tech focus. Lowest ongoing expense ratio among major Bitcoin ETFs.

₿

Bitwise Bitcoin ETF (BITB)

Bitwise

Assets (AUM)

Crypto-native manager

Expense Ratio

0.20%

2024 Performance

Excellent

Rating

★★★★☆

Crypto-native expertise with strong track record. Competitive fees and solid performance.

₿

Grayscale Bitcoin Trust (GBTC)

Grayscale

Assets (AUM)

Converted trust

Expense Ratio

1.50%

2024 Performance

Good

Rating

★★★☆☆

Pioneer in Bitcoin investment but high fees hurt returns. Consider newer alternatives.

₿

ProShares Bitcoin Strategy (BITO)

ProShares (Futures)

Assets (AUM)

Futures-based

Expense Ratio

0.95%

2024 Performance

Fair

Rating

★★★☆☆

First Bitcoin ETF but futures-based tracking creates performance drag. Consider spot ETFs instead.

Key Insights & Analysis

🏆 Top Rated ETFs

• IBIT (BlackRock) - 5.0/5 rating with institutional backing
• FBTC (Fidelity) - 4.8/5 rating, great for retirement accounts
• ARKB & BITB - 4.2-4.3/5 ratings with competitive features

💰 Fee Comparison

• BITB (0.20%) - Lowest expense ratio available
• ARKB (0.21%) - Second lowest ongoing fee
• GBTC (1.50%) - Significantly higher fees than newer ETFs

Data sources: ETF providers, market data as of September 2024. Past performance does not guarantee future results. Cryptocurrency investments are subject to high volatility and risk.