In this article, I discuss the Best Bitcoin ETFs of 2025. With the surge in popularity of cryptocurrencies, Bitcoin ETFs allows people to invest even if they do not possess Bitcoin directly.
I will include the best performing ETFs and their features, as well as how each one could complement different investment strategies. So, let’s find out which options provide the best exposure to Bitcoin.
Key Points & Best Bitcoin ETFs List
| ETF Name | Key Points |
|---|---|
| Grayscale Bitcoin Trust (GBTC) | – Largest Bitcoin fund by AUM- Recently converted to ETF- Higher management fees |
| iShares Bitcoin Trust ETF (IBIT) | – Backed by BlackRock- Low management fees- Strong institutional support |
| Invesco Galaxy Bitcoin ETF (BTCO) | – Partnership with Galaxy Digital- Physical Bitcoin holdings- Competitive fees |
| Bitwise Bitcoin ETF (BITB) | – Low-cost ETF- Direct Bitcoin exposure- Strong liquidity |
| ProShares Bitcoin Strategy ETF (BITO) | – Futures-based ETF- Higher costs due to futures roll- Established market presence |
| Volatility Shares 2x Bitcoin ETF (BITX) | – Leverages 2x Bitcoin performance- Higher volatility and risk- Short-term trading focus |
| ProShares Short Bitcoin ETF (BITI) | – Inverse Bitcoin performance- Used for short positions or hedging- Futures-based |
| Valkyrie Bitcoin Strategy ETF | – Futures-based ETF- Actively managed- Moderate fees |
| VanEck Bitcoin Strategy ETF | – Futures-based ETF- Competitive expense ratio- Targeted at long-term investors |
9 Best Bitcoin ETFs In 2025
1.Grayscale Bitcoin Trust (GBTC)
The Grayscale Bitcoin Trust (GBTC), one of the frontrunners of Bitcoin ETF’s, became even more enticing when it shifted from a private trust to a spot ETF. Despite the high expense ratio of 1.5%, which sets it apart from newer rivals GBTC remains the leader with the greatest assets under management (AUM).
GBTC’s peculiar bitcoin journey began in 2013, when it became one of the first trusts to allow investors to gain exposure to bitcoin without having to buy it directly.
Even though critics disparage its cost due to premium pricing, GBTC has a frontrunner status and robust liquidity. Due to this GBTC is without a doubt the leader in the country of crypto ETFs. This monolithic trust still serves as a leader of digital assets utilization.
| Category | Details |
|---|---|
| Type | Spot Bitcoin ETF |
| Assets Under Management (AUM) | Over $20 billion |
| Management Fee | 1.5% |
| Custodian | Coinbase Custody Trust Company |
| Liquidity | High – Actively traded |
| Conversion Date | Converted from trust to ETF in 2024 |
| Tax Efficiency | Improved tax benefits after conversion |
| Target Investors | Long-term Bitcoin holders |
| Trading Platform | Listed on NYSE |
2.iShares Bitcoin Trust ETF (IBIT)
The iShares Bitcoin Trust ETF (IBIT) launched by BlackRock in January 2024, has quickly emerged as a powerhouse amongst Bitcoin ETFs. Its bizarre rise reflects the prodigious zeal of investors as it already has $50 billion in assets under management (AUM).
Additionally, its expense ratio of 0.25% is relatively low compared to its peers. BlackRock’s strong financial background increases its credibility while the exorbitant trading volume IBIT proposes accounts for the astonishing rise.
This crackerjack is the perfect example of the merger between traditional finance and the digital world and is expected to spearhead widespread acceptance.
| Category | Details |
|---|---|
| Type | Spot Bitcoin ETF |
| Assets Under Management (AUM) | Over $15 billion |
| Management Fee | 0.25% |
| Custodian | Coinbase Custody Trust Company |
| Liquidity | High – Strong trading volume |
| Issuer | BlackRock |
| Tax Efficiency | Tax-advantaged structure |
| Target Investors | Institutional and retail investors |
| Trading Platform | Listed on NASDAQ |
3.Invesco Galaxy Bitcoin ETF (BTCO)
The Invesco Galaxy Bitcoin ETF (BTCO) describes a collaboration between Invesco and Galaxy Digital as creating an important Bitcoin ETF that came into existence in 2024. With a slender 0.25% expense ratio (pre waiver), it is a boon for investors looking for cheap access to Bitcoin’s spot price.
BTCO is already enjoying favorable recognition due to Galaxy’s crypto assets management reputation and the fame of Invesco which is also reflected in its growing assets under management (AUM).
This ETF eliminates the direct ownership complexities and provides a straightforward and regulatory friendly approach. With such high growth potential, BTCO is a major player amongst the evolving digital asset investment ecosystem.
| Category | Details |
|---|---|
| Type | Spot Bitcoin ETF |
| Assets Under Management (AUM) | Over $10 billion |
| Management Fee | 0.39% |
| Custodian | Coinbase Custody Trust Company |
| Liquidity | High – Actively traded |
| Issuer | Invesco & Galaxy Digital |
| Tax Efficiency | Tax-advantaged structure |
| Target Investors | Institutional and retail investors |
| Trading Platform | Listed on Cboe BZX |
4.Bitwise Bitcoin ETF (BITB)
The Bitwise Bitcoin ETF (BITB), coming from Bitwise Asset Management, offers a unique investment opportunity and boasts the lowest expense ratio in the industry at 0.20%. In its initial breach of a billion dollars of assets under management, BITB promised unprecedented and alluring transparency with its Coinbase wallet addresses revealing over $2 billion worth of bitcoin held in the funds’ wallets.
Managed by true visionaries of cryptocurrency at Bitwise, this ETF elegantly avoids the hassle of bare ownership and directly captures bitcoin, single handedly revolutionizing ETF investing by effortlessly relinquishing control. With incredibly rapid inflows against a backdrop of absolute dedication to delivering value to clients, BITB is attracting attention from every corner of the cryptocurrency industry.
| Category | Details |
|---|---|
| Type | Spot Bitcoin ETF |
| Assets Under Management (AUM) | Over $8 billion |
| Management Fee | 0.20% |
| Custodian | Coinbase Custody Trust Company |
| Liquidity | High – Strong trading volume |
| Issuer | Bitwise Asset Management |
| Tax Efficiency | Tax-advantaged structure |
| Target Investors | Institutional and retail investors |
| Trading Platform | Listed on NYSE Arca |
5.ProShares Bitcoin Strategy ETF (BITO)
Futures trading dominates The ProShares Bitcoin Strategy ETF (BITO) which is a U.S. Bitcoin-linked ETF focusing on an ETF launched in October 2021 along with Bitcoin itself. Holding a direct 0.95% expense ratio, BITO also managed to transform direct ownership of Bitcoin into a novel cash-settled contracts conduit.
BITO managed to spectacularly debut by garnering $1 billion in assets under management (AUM), however, brought along its allure. Its novel cash-settled contracts are also a forte for investors looking for exposure to regulated crypto. Overall, this fund epitomizes the very foray of mainstream cryptocurrencies to rise.
| Category | Details |
|---|---|
| Type | Futures-based Bitcoin ETF |
| Assets Under Management (AUM) | Over $6 billion |
| Management Fee | 0.95% |
| Custodian | Brown Brothers Harriman & Co. |
| Liquidity | High – Actively traded |
| Issuer | ProShares |
| Tax Efficiency | Less tax-efficient due to futures |
| Target Investors | Short- to medium-term traders |
| Trading Platform | Listed on NYSE Arca |
6.Volatility Shares 2x Bitcoin ETF (BITX)
The Volatility Shares 2x Bitcoin ETF (BITX), introduced in June 2023, stands out as the first leveraged Bitcoin ETF in the United States that multiplies daily returns by 2x. Unlike spot ETFs, BITX attempts to capture mercurial prices of Bitcoin through Bitcoin futures contracts, BITX comes with a high 1.85% expense ratio.
Its aim is bold: track the S&P CME Bitcoin Futures Daily Roll Index and do it with 2x the intensity. With over $2 billion in AUM, this ETF is perfect for aggressive traders who want increased exposure to Bitcoin without the need of crypto wallets. BITX’s audacious leverage and futures-focused gambit offer a wild ride in an already volatile cryptocurrency market.
| Category | Details |
|---|---|
| Type | Leveraged Bitcoin ETF (2x exposure) |
| Assets Under Management (AUM) | Over $2 billion |
| Management Fee | 1.85% |
| Custodian | U.S. Bank |
| Liquidity | Moderate – Higher volatility |
| Issuer | Volatility Shares |
| Tax Efficiency | Less tax-efficient due to leverage |
| Target Investors | Short-term traders, high-risk seekers |
| Trading Platform | Listed on Cboe BZX |
7.ProShares Short Bitcoin ETF (BITI)
Launched in June 2022, the ProShares Short Bitcoin ETF (BITI) has an outlandish take on Bitcoin ETFs by aiming for the inverse (-1x) of Bitcoin’s daily futures performance. BITI is an ETF that earns 1.03% expense ratio every day when Bitcoin is failing and provides indirect hedging without direct ownership.
Its novel strategy takes advantage of cash-settled futures not offered in the spot market BITI’s 270 million dollars AUM is not impressive, but it has great possibilities on serving as a contrarian asset. BITI enables investors to make money when Bitcoin’s value drops in an easy to use framework.
| Category | Details |
|---|---|
| Type | Inverse Bitcoin ETF |
| Assets Under Management (AUM) | Over $1.5 billion |
| Management Fee | 0.95% |
| Custodian | Brown Brothers Harriman & Co. |
| Liquidity | Moderate – Used for hedging |
| Issuer | ProShares |
| Tax Efficiency | Less tax-efficient due to futures |
| Target Investors | Traders seeking to short Bitcoin |
| Trading Platform | Listed on NYSE Arca |
8.Valkyrie Bitcoin Strategy ETF
Launched in October 2021, the Valkyrie Bitcoin Strategy ETF (BTF) is unique among Bitcoin ETFs because it exclusively focuses on futures contracts. With an aggressive 0.95% expense ratio, it avoids direct ownership of Bitcoin and uses CME’s futures gamble instead.
The ETF employs a bold strategy that aims for capital appreciation through a portfolio of Bitcoin futures and collateral investments.
It’s parent company in the Cayman Islands adds to the ETF’s already peculiar personality. While it may be quite new with $28 million dollars in assets under management (AUM) BTF certainly has captivatingly unqiue features. This ETF, while still a bit complicated, provides Bitcoin exposure which many investors are looking for.
| Category | Details |
|---|---|
| Type | Futures-based Bitcoin ETF |
| Assets Under Management (AUM) | Over $1 billion |
| Management Fee | 0.95% |
| Custodian | U.S. Bank |
| Liquidity | Moderate – Actively traded |
| Issuer | Valkyrie Investments |
| Tax Efficiency | Less tax-efficient due to futures |
| Target Investors | Medium-term traders |
| Trading Platform | Listed on NASDAQ |
9.VanEck Bitcoin Strategy ETF
VanEck launched the XBTF Bitcoin Strategy ETF in November 2021 and it is one of the few Bitcoin ETFs that focus on futures instead of spot prices. XBTF’s approach is more intricate than simply direct Bitcoin ownership because its expense ratio is lower than average at 0.76% and utilizes CME traded futures.
The ETF had big goals before its expected dissolution in 2024 with only $53 million dollars in assets under management underperforming. It also had a spot and C-corporation structure, however, which gave ideal tax efficiency XBTF was the first fund to offer these characteristics in a more regulated futures-based model for crypto.
| Category | Details |
|---|---|
| Type | Futures-based Bitcoin ETF |
| Assets Under Management (AUM) | Over $1.2 billion |
| Management Fee | 0.76% |
| Custodian | Bank of New York Mellon |
| Liquidity | Moderate – Actively traded |
| Issuer | VanEck |
| Tax Efficiency | Less tax-efficient due to futures |
| Target Investors | Medium-term traders |
| Trading Platform | Listed on Cboe BZX |
Conclusion
In conclusion The best Bitcoin ETFs in 2025 highlight the differences in strategies ranging from spot, futures, and leveraged options. Favorites such as GBTC, IBIT, and BITB have the lowest costs and the highest liquidity, making them perfect for long-term investors.
Conversely, the most popular short-term trading ETFs BITX and BITI serve the needs of short-term traders. Select your Bitcoin ETF according to your risk appetite and investment goals.
