Top 11 spot bitcoin ETFs to watch in 2026

Spot bitcoin ETFs hold actual bitcoin and trade on a stock exchange, aiming to track the cryptocurrency's price without the need to manage wallets or private keys. Fees across the 11 funds on this list run from 0.15% to 1.50% – the Grayscale Bitcoin Mini Trust ETF ($BTC) sits at the low end, while the Grayscale Bitcoin Trust ETF ($GBTC) charges six times the fee of the next-most-expensive funds here.

How we built this list: We selected these funds based on their industry or investment category and ordered them by assets under management. Prices are updated daily, and the list and supporting content are reviewed roughly every quarter. All data is sourced from Stake. This list isn't a recommendation and isn't ordered by suitability.

Past performance is not a reliable indicator of future performance.

Source: Stake market data. Figures in US$. Data updated as of 7 August 2026.

✅ Learn more: Top 6 Ethereum ETFs to watch in 2026→

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1. iShares Bitcoin Trust ETF ($IBIT)

iShares Bitcoin Trust ETF (IBIT) share price over the last year: started at US$67.64, ended at US$36.80, a change of −45.6%. Range over the period: high US$71.29, low US$33.29. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$36.80 · Daily: 0.8% · AUM: US$48.42B · MER: 0.25%

A spot bitcoin fund that holds the cryptocurrency directly, iShares Bitcoin Trust ETF ($IBIT) is designed so its shares aim to reflect bitcoin's price before the trust deducts its own expenses. According to its mandate, the trust is intended as a simple means of making an investment similar to investing in bitcoin directly.

The fund's mandate includes the qualifier 'generally,' which matters in practice. Fees and operational factors mean the fund's performance can diverge slightly from bitcoin's spot price. Those costs are deducted before results are calculated, so any gap between the fund's return and bitcoin's price largely reflects that expense drag. The trust holds bitcoin as its underlying asset, with the fund's net asset value tied to the cryptocurrency's spot price.

2. Fidelity Wise Origin Bitcoin Fund ($FBTC)

Fidelity Wise Origin Bitcoin Fund (FBTC) share price over the last year: started at US$103.88, ended at US$56.53, a change of −45.6%. Range over the period: high US$109.44, low US$51.05. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$56.53 · Daily: 0.8% · AUM: US$11.17B · MER: 0.25%

The Fidelity Wise Origin Bitcoin Fund ($FBTC) is a spot bitcoin ETF, meaning the trust holds actual bitcoin rather than derivatives or futures contracts. It aims to track bitcoin's performance as measured by a specific index, adjusted for the trust's expenses and other liabilities. Fidelity calculates the share value daily at 4pm Eastern Time, using the same methodology as the index itself.

Because $FBTC holds bitcoin directly, its price is intended to move in line with the underlying cryptocurrency. That structure means the fund carries the same volatility bitcoin does – sharp price swings in either direction are part of how the asset class behaves, not an anomaly.

3. Grayscale Bitcoin Trust ETF ($GBTC)

Grayscale Bitcoin Trust ETF (GBTC) share price over the last year: started at US$93.59, ended at US$50.30, a change of −46.3%. Range over the period: high US$98.43, low US$45.52. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$50.30 · Daily: 0.8% · AUM: US$8.61B · MER: 1.50%

Grayscale Bitcoin Trust ETF ($GBTC) is structured to hold bitcoin directly, with the share price intended to reflect the value of that bitcoin minus the Trust's expenses and other liabilities. The fund's managers acknowledge there's no guarantee it will achieve that objective.

At a 1.50% management expense ratio, $GBTC carries the highest fee of any fund in this article. Grayscale also runs the Grayscale Bitcoin Mini Trust ETF ($BTC), which charges 0.15% – so investors looking at both should weigh the cost difference against any other considerations specific to each fund's structure.

4. Grayscale Bitcoin Mini Trust ETF ($BTC)

Grayscale Bitcoin Mini Trust ETF (BTC) share price over the last year: started at US$52.74, ended at US$28.73, a change of −45.5%. Range over the period: high US$55.57, low US$25.95. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$28.73 · Daily: 0.9% · AUM: US$3.83B · MER: 0.15%

Bitcoin runs on a decentralised, peer-to-peer network – a system of computers linked by cryptographic protocols, with no central issuer or clearing authority behind it. The Grayscale Bitcoin Mini Trust ETF ($BTC) aims to hold the asset directly, with its price designed to move in line with bitcoin itself. The trust structure means you don't need to manage wallets or private keys to have exposure to bitcoin's price through the fund.

5. Bitwise Bitcoin ETF ($BITB)

Bitwise Bitcoin ETF (BITB) share price over the last year: started at US$64.76, ended at US$35.24, a change of −45.6%. Range over the period: high US$68.27, low US$31.86. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$35.24 · Daily: 0.8% · AUM: US$2.41B · MER: 0.20%

The Bitwise Bitcoin ETF ($BITB) is designed to track the value of bitcoin held in the Trust, priced daily using the Bitcoin Reference Rate – New York Variant. The fund holds actual bitcoin rather than derivatives or other proxies, aiming to reflect the cryptocurrency's price movements as closely as possible after expenses.

The MER sits at 0.20%. That fee covers the Trust's operating costs, which are deducted from the bitcoin holdings over time.

6. ARK 21Shares Bitcoin ETF ($ARKB)

ARK 21Shares Bitcoin ETF (ARKB) share price over the last year: started at US$39.55, ended at US$21.54, a change of −45.5%. Range over the period: high US$41.70, low US$19.46. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$21.54 · Daily: 0.9% · AUM: US$2.23B · MER: 0.21%

The ARK 21Shares Bitcoin ETF ($ARKB) aims to track the performance of bitcoin as measured by the CME CF Bitcoin Reference Rate New York Variant. The trust holds bitcoin directly and prices its shares daily at 4pm ET based on that index, adjusted for expenses and liabilities.

$ARKB carries a 0.21% management expense ratio. The fund's mandate is straightforward: hold bitcoin and follow the reference rate as closely as expenses allow.

7. VanEck Bitcoin ($HODL)

VanEck Bitcoin (HODL) share price over the last year: started at US$33.67, ended at US$18.35, a change of −45.5%. Range over the period: high US$35.49, low US$16.61. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$18.35 · Daily: 0.8% · AUM: US$1.04B · MER: 0.20%

VanEck Bitcoin ($HODL) is designed to hold actual bitcoin and track its price through the MarketVector Bitcoin Benchmark Rate. That rate draws on prices contributed by exchanges that represent the top five bitcoin markets, aiming to produce a reliable daily valuation for the fund's shares.

The structure is straightforward: the fund holds bitcoin directly, and its share price is intended to move with the underlying asset less the cost of running the trust. The fund's assets under management stand at $1.04B.

8. Franklin Bitcoin ETF ($EZBC)

Franklin Bitcoin ETF (EZBC) share price over the last year: started at US$68.94, ended at US$37.53, a change of −45.6%. Range over the period: high US$72.69, low US$33.91. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$37.53 · Daily: 0.8% · AUM: US$374.9M · MER: 0.19%

The Franklin Bitcoin ETF ($EZBC) is a spot bitcoin fund, meaning it holds actual bitcoin rather than futures contracts or derivative instruments. The fund is designed to reflect the price of bitcoin as closely as possible, aiming to give investors a way to gain exposure to the cryptocurrency without managing wallets or private keys directly.

At a 0.19% MER, $EZBC sits toward the lower end of the fee range on this list. As with any bitcoin-focused product, the fund's value moves with the underlying asset's price – which can be sharply volatile in either direction.

9. Coinshares Bitcoin ETF ($BRRR)

Coinshares Bitcoin ETF (BRRR) share price over the last year: started at US$33.67, ended at US$18.31, a change of −45.6%. Range over the period: high US$35.46, low US$16.55. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$18.31 · Daily: 0.9% · AUM: US$373.0M · MER: 0.25%

Coinshares Bitcoin ETF ($BRRR) is a spot fund that holds actual bitcoin, aiming to reflect the value of the cryptocurrency as measured by the CME CF Bitcoin Reference Rate – New York Variant. That index is a regulated, institutionally recognised benchmark for bitcoin's U.S. dollar price, calculated daily at 4pm New York time.

Because the trust holds bitcoin directly, its share price is intended to move in line with the index rather than relying on derivatives or futures contracts. The fund's value is struck daily against that same benchmark.

10. Invesco Galaxy Bitcoin ETF ($BTCO)

Invesco Galaxy Bitcoin ETF (BTCO) share price over the last year: started at US$118.77, ended at US$64.60, a change of −45.6%. Range over the period: high US$125.14, low US$58.40. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$64.60 · Daily: 0.9% · AUM: US$359.4M · MER: 0.25%

The Invesco Galaxy Bitcoin ETF ($BTCO) is designed to track the spot price of bitcoin. Its benchmark is the Lukka Prime Bitcoin Reference Rate. Lukka Inc. calculates that rate each day using execution prices from what it identifies as bitcoin's principal market at the time.

The approach aims to produce an estimated fair market value for bitcoin on any given day, rather than drawing on a single exchange's quoted price. $BTCO's returns are intended to reflect that benchmark price. Because the fund tracks spot bitcoin directly, price moves in the cryptocurrency flow through to its value.

11. WisdomTree Bitcoin Fund ($BTCW)

WisdomTree Bitcoin Fund (BTCW) share price over the last year: started at US$126.20, ended at US$68.66, a change of −45.6%. Range over the period: high US$132.96, low US$62.00. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$68.66 · Daily: 0.8% · AUM: US$144.6M · MER: 0.25%

WisdomTree Bitcoin Fund ($BTCW) holds bitcoin directly, aiming to track the cryptocurrency's price less the fund's operating costs. Shares are valued each day using the CME CF Bitcoin Reference Rate New York Variant – an independently calculated benchmark. The rate is built from aggregated trade data across major bitcoin spot platforms, drawing on multiple venues rather than any single exchange's figures.

Because $BTCW holds physical bitcoin, its value moves with the underlying asset. Bitcoin's price can shift sharply in either direction, and those moves carry through to the fund's share price.

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Common questions

How do I invest in spot bitcoin ETFs in Australia?

All 11 funds in this list trade on U.S. exchanges, so Australian investors access them through a share trading platform that supports US markets. You buy and sell shares the same way you would any US-listed stock, with transactions settling in USD. Because these funds are priced in USD, movements in the AUD/USD rate affect the Australian dollar equivalent of any transaction.

What are the key risks of spot bitcoin ETFs?

Bitcoin's price is highly volatile and can move sharply in either direction over short periods. Because all the funds here track the same underlying asset, their performance rises and falls with bitcoin – there's no diversification across different assets within this group. Australian investors also carry currency exposure: these funds are priced in USD, so shifts in the AUD/USD rate affect returns when measured in Australian dollars. Unlike shares in an operating business, bitcoin produces no earnings or dividends, so any return depends entirely on price movement.

What is a spot bitcoin ETF and how does it work?

A spot bitcoin ETF holds actual bitcoin as its underlying asset, with the fund's share price designed to track bitcoin's current market price. The "spot" label means the fund buys and holds the cryptocurrency directly, rather than using futures contracts. Shareholders don't hold bitcoin directly – the fund handles custody, which removes the need for personal wallets or private keys.

How do the fees across these funds compare?

The management expense ratios (MERs) in this list run from 0.15% to 1.50% per year – a wide range for funds that all track the same underlying asset. Most charge between 0.15% and 0.25%, with $GBTC at 1.50% sitting well above the rest. Because MERs are deducted from fund assets on an ongoing basis, a higher fee creates a larger annual drag on a fund's net asset value relative to bitcoin's price.

Disclaimer

Past performance is not a reliable indicator of future performance. When you invest, your capital is at risk. You should consider your own investment objectives, financial situation, and particular needs before making an investment decision. The value of your investments can go down as well as up and you may receive back less than your original investment. As always, do your own research and consider seeking appropriate financial advice before investing.

This is not personal financial advice nor a recommendation to invest in the securities listed. Any advice provided by Stake is of general nature only and does not take into account your specific circumstances. Trading and volume data from the Stake investing platform is for reference purposes only, the investment choices of others may not be appropriate for your needs and is not a reliable indicator of performance.

Please refer to hellostake.com/pricing for the fees that apply. When you trade securities priced in another currency, currency conversion fees may apply and movements in the exchange rate may affect your returns.

Stake Desk

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This article combines AI and human review from our analysts to bring you accurate, informative investing content at speed. For questions or suggestions, contact stakedesk@stake.com.au.