List of Valid Bitcoin (BTC) ETFs – Learn Here Before Invest
2025-05-06
Bitcoin has solidified its place in the global financial system, and exchange-traded funds (ETFs) now offer an accessible way for mainstream investors to gain exposure to the cryptocurrency.
Following years of regulatory delays, the U.S. finally approved several spot Bitcoin ETFs in January 2024. These products now sit alongside existing futures-based ETFs, offering a diverse range of options for investors.
This article lists all the valid Bitcoin ETFs available in the U.S. as of May 2025 and explains the differences between them.
Key Takeaways
- Spot Bitcoin ETFs were approved in January 2024 after nearly a decade of lobbying.
- Investors can now choose from over a dozen spot, futures-based, and leveraged ETFs depending on their risk appetite and goals.
- Leading issuers include BlackRock (IBIT), Fidelity (FBTC), Grayscale (GBTC), and Ark Invest (ARKB).
What Is a Bitcoin ETF?
A Bitcoin ETF is a fund that tracks the price of Bitcoin and trades on stock exchanges. These ETFs provide exposure to the asset without requiring investors to hold or secure BTC themselves. Some hold actual Bitcoin (spot ETFs), while others rely on futures contracts (futures-based ETFs).
Spot Bitcoin ETFs in the U.S.
Spot ETFs hold real Bitcoin and are seen as the most direct method of gaining exposure. Notable options include:
- IBIT (iShares Bitcoin Trust ETF) – Managed by BlackRock, the largest Bitcoin ETF by assets.
- FBTC (Fidelity Wise Origin Bitcoin Fund) – Fidelity’s entry into the spot BTC ETF space.
- GBTC (Grayscale Bitcoin Trust ETF) – Transitioned from a trust to a spot ETF in 2024.
- ARKB (ARK 21Shares Bitcoin ETF) – Backed by ARK Invest, known for growth-oriented funds.
- BITB (Bitwise Bitcoin ETF Trust) – Known for low fees and efficient tracking.
- HODL (VanEck Bitcoin ETF) – Offers transparent Bitcoin holdings.
- BTCO (Invesco Galaxy Bitcoin ETF) – Built in partnership with Galaxy Digital.
- BRRR (CoinShares Valkyrie Bitcoin Fund) – Gained attention for its branding and performance.
- EZBC (Franklin Bitcoin ETF) – A cost-effective option from Franklin Templeton.
- BTCW (WisdomTree Bitcoin Fund) – One of the latest entrants to the spot ETF market.
Read more about Bitcoin (BTC):
Bitcoin Price (BTC), Market Cap, Price Today & Chart History
BTC to USD: Convert Bitcoin to US Dollar
Futures-Based, Leveraged, and Inverse Bitcoin ETFs
These ETFs track Bitcoin indirectly through futures contracts or offer alternative strategies like shorting or leverage.
- BITO (ProShares Bitcoin Strategy ETF) – First approved Bitcoin futures ETF in the U.S.
- BITX (2x Bitcoin Strategy ETF) – Provides double leverage, increasing risk and return.
- BITI (ProShares Short Bitcoin ETF) – Designed for investors who want to short BTC.
- SBIT (ProShares UltraShort Bitcoin ETF) – Offers 2x inverse exposure to Bitcoin prices.
- BTCI (NEOS Bitcoin High Income ETF) – Combines BTC exposure with covered call income strategies.
How to Choose the Right Bitcoin ETF
Choosing the right ETF depends on several factors:
- ETF structure: Spot ETFs are best for direct exposure, while futures-based ETFs may suit active traders.
- Liquidity: High daily volume helps with efficient trading and tighter spreads.
- Expense ratio: Lower fees mean better long-term performance.
- Issuer credibility: Established names like BlackRock, Fidelity, and Grayscale often provide more transparency and risk controls.
FAQs
What is the difference between spot and futures Bitcoin ETFs?
Spot ETFs hold actual Bitcoin, closely tracking its market price. Futures ETFs use contracts and may diverge from spot prices over time.
Are Bitcoin ETFs safe to invest in?
They are regulated, but Bitcoin remains a volatile asset. ETFs reduce custody risk but do not eliminate price risk.
Can I buy Bitcoin ETFs in an IRA or retirement account?
Yes, most brokerages allow Bitcoin ETFs in IRAs and other tax-advantaged accounts, depending on your provider.
Disclaimer: The content of this article does not constitute financial or investment advice.
