Bitcoin ETFs compared: fees of 13 US funds and 7 European products
People search for "Bitcoin ETF". This page compares the annual fee, size and custody of the US-listed spot funds and of the European ETPs, each row with the page we read.
US-listed spot Bitcoin ETFs
| Fund | Annual fee | Per year on $10,000 | Size | Notes |
|---|---|---|---|---|
| Morgan Stanley Bitcoin Trust MSBT · Morgan Stanley | 0.14% | $14 | not verified | |
| Grayscale Bitcoin Mini Trust ETF BTC · Grayscale | 0.15% | $15 | ~$3.4 bn Mar 2026 | |
| Franklin Bitcoin ETF EZBC · Franklin Templeton | 0.19% | $19 | ~$0.55 bn Mar 2026 | |
| Bitwise Bitcoin ETF BITB · Bitwise | 0.20% | $20 | ~$3.7 bn Mar 2026 | |
| VanEck Bitcoin ETF HODL · VanEck | 0.20% | $20 | ~$1.4 bn Mar 2026 | Fee was waived to 0.20% through 31 Jul 2026 or until assets passed $2.5 bn, per the Mar 2026 source; check the current waiver |
| ARK 21Shares Bitcoin ETF ARKB · ARK Invest / 21Shares | 0.21% | $21 | ~$3.6 bn Mar 2026 | |
| CoinShares Bitcoin ETF BRRR · CoinShares | 0.25% | $25 | ~$0.54 bn Mar 2026 | Custodians: Coinbase and BitGo Trust (Mar 2026 source) |
| Invesco Galaxy Bitcoin ETF BTCO · Invesco / Galaxy | 0.25% | $25 | ~$0.56 bn Mar 2026 | |
| WisdomTree Bitcoin Fund BTCW · WisdomTree | 0.25% | $25 | <$0.5 bn Mar 2026 | |
| Fidelity Wise Origin Bitcoin Fund FBTC · Fidelity | 0.25% | $25 | ~$13.2 bn Mar 2026 | Custodian: Fidelity Digital Assets (Mar 2026 source) |
| iShares Bitcoin Trust ETF IBIT · BlackRock (iShares) | 0.25% | $25 | $69.06 bn 6 Oct 2026 | Custodians: Coinbase and Anchorage Digital Bank (Mar 2026 source) |
| Osprey Bitcoin Trust OBTC · Osprey Funds | 0.49% | $49 | not verified | |
| Grayscale Bitcoin Trust ETF GBTC · Grayscale | 1.50% | $150 | ~$14.9 bn Mar 2026 |
Fees: NerdWallet, page dated 5 Oct 2026. Sizes: IBIT from ETF Database (6 Oct 2026); other sizes are approximate and from Spark (March 2026). Custodians come from the March 2026 source and are shown only where it names them. Fees can include waivers; check the fund page before you act.
European Bitcoin ETPs
| Product | Annual fee | Per year on $10,000 | Custodian | Size | Source |
|---|---|---|---|---|---|
| iShares Bitcoin ETP IB1T · XS2940466316 Physical, backed by bitcoin | 0.15% → 0.25% in 2027 | $15 | Coinbase Luxembourg S.A. (cold storage) | $1.51 bn 7 Oct 2026 | source |
| WisdomTree Physical Bitcoin BTCW · GB00BJYDH287 Physical, backed by bitcoin | 0.15% → 0.25% in 2027 | $15 | Swissquote Bank, Coinbase Custody Trust, BitGo Trust | $1.62 bn 7 Oct 2026 | source |
| CoinShares Physical Bitcoin BITC · GB00BLD4ZL17 Physical, backed by bitcoin; coins not lent out | 0.15% | $15 | Komainu (Jersey) per the Oct 2024 factsheet; not re-verified | not verified | source |
| Fidelity Physical Bitcoin ETP FBTC · XS2434891219 Physical, 100% collateralized by bitcoin | 0.25% | $25 | Fidelity Digital Asset Services (cold storage) | not verified | source |
| VanEck Bitcoin ETN VBTC · DE000A28M8D0 ETN, fully backed by bitcoin (debt note of the issuer) | 1.00% | $100 | Regulated crypto custodian, not named on the factsheet | $588 m 30 Sep 2026 | source |
| 21Shares Bitcoin ETP ABTC · CH0454664001 Physical, backed by bitcoin (cold storage) | 1.49% | $149 | Coinbase Custody Trust and Zodia Custody | $889 m 3 Nov 2025 | source |
| Bitwise Physical Bitcoin ETP BTCE · DE000A27Z304 Physical, 100% backed by bitcoin (cold storage) | Not verified | – | BitGo Europe (depositary); Law Debenture as trustee | $900 m 1 Oct 2026 | source |
The date of each figure is on the issuer page we link; 21Shares is from November 2025 and Fidelity from October 2025. "Not verified" means we could not confirm it from the page we read. Bitwise: sources disagree on the fee (2.00% on a factsheet, 0.20% in a press article), so we show none; check the KID. Size is in US dollars as reported by the issuer.
Cost per year is the fee alone, before price changes and your broker's charges. We did not use tracking error or trading volume because we could not verify them. This is not investment advice and not a recommendation to buy any product.
Questions about Bitcoin ETFs
What is the cheapest Bitcoin ETF?
Among the 13 US-listed spot funds, Morgan Stanley Bitcoin Trust has the lowest stated fee at 0.14%. In Europe, iShares Bitcoin ETP, WisdomTree Physical Bitcoin and CoinShares Physical Bitcoin charge at 0.15%. Fees shown are the stated annual fee and can change or include waivers; the cheapest is not automatically the best, because size, trading cost and custody also matter.
What is the largest Bitcoin ETF?
Of the funds we could size, iShares Bitcoin Trust (IBIT) is the largest, with about $69 billion in assets on 6 October 2026 according to ETF Database. Other US sizes are approximate figures from March 2026.
What is the difference between a Bitcoin ETF and a Bitcoin ETP?
In everyday speech people say ETF for both. In the US the products are spot ETFs: funds that hold bitcoin. In Europe the equivalent products are mostly ETPs, securities issued by a company and backed by bitcoin held in custody; an ETN is the same idea but a debt note of the issuer. Either way you do not hold the coins or the keys.
How much does a 1% fee cost on $10,000?
About $100 a year, before any price movement. A 0.25% fee is about $25 a year. The most expensive product in our tables, Grayscale Bitcoin Trust at 1.50%, is about $150 a year.
Can I buy these from my country?
It depends on where you live and on your broker. See who can buy which products, by country.