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GBTC vs BITB

Grayscale Bitcoin Trust ETF vs Bitwise Bitcoin ETF

GBTC

Grayscale Bitcoin Trust ETF

Grayscale

Annual cost

1.50%

Fund size

$11.5B

BITB

Bitwise Bitcoin ETF

Bitwise Investments

Annual cost

0.20%

Fund size

$2.9B

Key differences

  • BITB costs 1.30% less per year.
  • GBTC is significantly larger than BITB — larger funds tend to be more liquid and less likely to close.
  • GBTC has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

GBTCBITB
Annual cost (TER)1.50%0.20%
Fund size (AUM)$11.5B$2.9B
Since20132024
Dividend yield0.00%0.00%
Asset classcryptocurrencycryptocurrency
Region
Strategy
CAGR 1Y-32.2%-31.3%
CAGR 3Y+64.8%N/A
CAGR 5Y+14.6%N/A
Sharpe 3Y1.15N/A
Volatility 1Y43.18%43.15%
Max drawdown-89.91%-49.38%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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