Top 10 spot bitcoin ETFs to watch in 2026

Spot bitcoin ETFs hold actual bitcoin and are designed to track its price, offering access to the asset through a standard brokerage account rather than a crypto wallet or exchange. All ten funds on this list are U.S.-listed, with annual fees ranging from 0.15% for Grayscale Bitcoin Mini Trust ETF ($BTC) to 1.50% for Grayscale Bitcoin Trust ETF ($GBTC).

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 6 October 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$71.29, ended at US$48.49, a change of −32.0%. 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$48.49 · Daily: -0.1% · AUM: US$68.99B · MER: 0.25%

iShares Bitcoin Trust ETF ($IBIT) is designed to track the price of bitcoin, giving investors exposure to the asset through a standard brokerage account rather than a crypto wallet or exchange. The fund holds actual bitcoin, with the share price intended to move in line with bitcoin's price before the Trust's expenses and liabilities are deducted.

BlackRock's iShares manages $IBIT, making it one of the more recognisable names in the spot bitcoin ETF space. The structure aims to simplify access – you're not managing private keys or navigating a crypto exchange, just holding shares through a familiar investment account. Bitcoin remains a volatile asset, and the fund's value can move sharply in either direction.

2. Fidelity Wise Origin Bitcoin Fund ($FBTC)

Fidelity Wise Origin Bitcoin Fund (FBTC) share price over the last year: started at US$109.44, ended at US$74.48, a change of −31.9%. 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$74.48 · Daily: -0.09% · AUM: US$15.66B · MER: 0.25%

Fidelity Wise Origin Bitcoin Fund ($FBTC) holds actual bitcoin and aims to track its price as measured by a reference index. The fund adjusts that performance for its own expenses and liabilities before it reaches shareholders. Shares are valued once a day at 4pm Eastern Time, following the same methodology the index itself uses.

$FBTC holds bitcoin within a standard ETF structure, designed to be accessible through a brokerage account rather than a crypto exchange or wallet. Because the fund holds bitcoin directly, its daily price is intended to reflect bitcoin's spot market value – though tracking differences can still arise from expenses and other liabilities.

3. Grayscale Bitcoin Trust ETF ($GBTC)

Grayscale Bitcoin Trust ETF (GBTC) share price over the last year: started at US$98.43, ended at US$66.14, a change of −32.8%. 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$66.14 · Daily: -0.1% · AUM: US$10.85B · MER: 1.50%

Each share in Grayscale Bitcoin Trust ETF ($GBTC) is intended to reflect the value of the bitcoin the trust holds, as determined by a reference index price and reduced by the trust's expenses and liabilities. Grayscale manages the trust, with those bitcoin holdings underpinning the share price directly. The trust's own documentation notes there's no assurance it will meet that objective – a disclosure that reflects the practical limits of price-tracking in any market.

4. Grayscale Bitcoin Mini Trust ETF ($BTC)

Grayscale Bitcoin Mini Trust ETF (BTC) share price over the last year: started at US$55.57, ended at US$37.84, a change of −31.9%. 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$37.84 · Daily: -0.2% · AUM: US$5.42B · MER: 0.15%

Grayscale Bitcoin Mini Trust ETF ($BTC) is built around holding bitcoin directly. The digital asset is created and transmitted through the peer-to-peer Bitcoin Network – a decentralised system of computers that runs on cryptographic protocols, with no central authority controlling it.

The trust is designed to track bitcoin's price by holding the underlying asset itself, according to its mandate. The Bitcoin Network operates with defined technical parameters, including limits on block size, that govern how transactions are processed and verified across the network.

5. Bitwise Bitcoin ETF ($BITB)

Bitwise Bitcoin ETF (BITB) share price over the last year: started at US$68.27, ended at US$46.47, a change of −31.9%. 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$46.47 · Daily: -0.1% · AUM: US$3.24B · MER: 0.20%

Bitwise Bitcoin ETF ($BITB) is designed to reflect the value of bitcoin held directly by the Trust, net of operating expenses. To price its holdings each day, the Trust uses the Bitcoin Reference Rate – New York Variant as its valuation benchmark. That daily pricing mechanism aims to keep the fund's net asset value in step with bitcoin's prevailing market price.

6. ARK 21Shares Bitcoin ETF ($ARKB)

ARK 21Shares Bitcoin ETF (ARKB) share price over the last year: started at US$41.70, ended at US$28.39, a change of −31.9%. 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$28.39 · Daily: -0.07% · AUM: US$2.87B · MER: 0.21%

ARK 21Shares Bitcoin ETF ($ARKB) holds bitcoin directly and aims to track the CME CF Bitcoin Reference Rate New York Variant. That index prices bitcoin as of 4pm ET each day, and the fund values its shares on the same schedule.

The Trust's objective is straightforward: mirror bitcoin's price performance, adjusted for the fund's expenses and liabilities. For anyone drawn to bitcoin but wary of managing a crypto wallet, $ARKB is one way the asset shows up inside a standard brokerage account.

7. Coinshares Bitcoin ETF ($BRRR)

Coinshares Bitcoin ETF (BRRR) share price over the last year: started at US$35.46, ended at US$24.13, a change of −32.0%. 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$24.13 · Daily: -0.2% · AUM: US$488.8M · MER: 0.25%

Coinshares Bitcoin ETF ($BRRR) is a spot fund that holds actual bitcoin, with shares valued daily against the CME CF Bitcoin Reference Rate – New York Variant. That index is a benchmark rate designed to reflect bitcoin's price based on activity across major U.S. trading hours. The fund aims to track that rate as closely as its structure allows, giving the portfolio a direct link to bitcoin's price rather than to futures contracts or related equities.

8. Franklin Bitcoin ETF ($EZBC)

Franklin Bitcoin ETF (EZBC) share price over the last year: started at US$72.69, ended at US$49.47, a change of −31.9%. 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$49.47 · Daily: -0.2% · AUM: US$479.1M · MER: 0.19%

Franklin Bitcoin ETF ($EZBC) is designed to track the price of bitcoin, holding the asset directly rather than through derivatives or futures contracts. The fund is intended to give access to bitcoin's price movements through a standard brokerage account, without the need to manage a crypto wallet or interact with a digital asset exchange.

The structure aims to reflect bitcoin's performance as closely as possible, though tracking error and other fund mechanics mean results may vary from the spot price. Bitcoin itself can be highly volatile, and that volatility flows through to the fund.

9. Invesco Galaxy Bitcoin ETF ($BTCO)

Invesco Galaxy Bitcoin ETF (BTCO) share price over the last year: started at US$125.14, ended at US$85.17, a change of −31.9%. 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$85.17 · Daily: -0.2% · AUM: US$433.1M · MER: 0.25%

Built around actual bitcoin holdings, Invesco Galaxy Bitcoin ETF ($BTCO) is designed to reflect the spot price of the asset. The benchmark it follows is the Lukka Prime Bitcoin Reference Rate, produced by Lukka Inc. That rate is calculated daily from execution prices on bitcoin's principal market. The aim is to provide an estimated fair market value for bitcoin on each trading day.

Because $BTCO holds actual bitcoin, its performance is intended to track bitcoin's current market price directly. Bitcoin's price can move sharply in either direction, so the fund carries the full volatility of the underlying asset.

10. WisdomTree Bitcoin Fund ($BTCW)

WisdomTree Bitcoin Fund (BTCW) share price over the last year: started at US$132.96, ended at US$90.49, a change of −31.9%. 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$90.49 · Daily: -0.03% · AUM: US$176.0M · MER: 0.25%

WisdomTree Bitcoin Fund ($BTCW) holds actual bitcoin and is designed to track its price, with each share valued daily against the CME CF Bitcoin Reference Rate New York Variant. That rate is independently calculated from executed trade flow across major bitcoin spot platforms, giving it a standardised pricing reference rather than relying on any single exchange.

Because $BTCW holds the underlying asset directly, its value moves with bitcoin's price – less the fund's operating expenses. The daily valuation mechanism is intended to keep the share price closely aligned with that reference rate, though tracking differences can still occur.

Common questions

How do I invest in spot bitcoin ETFs in New Zealand?

Every fund in this list trades on U.S. exchanges, so you'd access them through a trading platform that supports U.S.-listed securities. You buy and sell shares during U.S. market hours, the same way you'd trade any U.S.-listed stock or ETF. No bitcoin wallet or crypto exchange account is needed.

What are the key risks of spot bitcoin ETFs?

Some of the key risks include bitcoin's price volatility, which can be severe and move quickly. All the funds here hold bitcoin directly, so their value tracks the bitcoin price without any buffer from diversification into other assets. The NZD/USD exchange rate is another factor: when the New Zealand dollar strengthens against the USD, the value of U.S.-listed holdings in NZD terms falls even if bitcoin's price is unchanged. Regulatory treatment of crypto assets varies across jurisdictions, and changes to that environment can affect bitcoin's price and how these funds operate.

What is a spot bitcoin ETF?

A spot bitcoin ETF holds actual bitcoin as its underlying asset, with the fund's value intended to reflect the current market price of bitcoin, less fees and expenses. This distinguishes it from a futures-based bitcoin product, which holds contracts on an expected future price rather than bitcoin itself. Shares trade on a conventional stock exchange, so you can buy or sell them through a standard brokerage account without managing a crypto wallet.

How do management fees vary across these funds?

Annual fees across this list run from 0.15% to 1.50%. Nine of the ten funds have MERs at or below 0.25%, with $GBTC the exception at 1.50%. All ten hold bitcoin directly and aim to track the same underlying asset 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.

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