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GBTC vs IBIT
Grayscale Bitcoin Trust ETF vs Defiance Daily Short Digitizing the Economy ETF
Key differences
- IBIT costs 1.25% less per year.
- IBIT is significantly larger than GBTC — 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
| GBTC | IBIT | |
|---|---|---|
| Annual cost (TER) | 1.50% | 0.25% |
| Fund size (AUM) | $11.5B | $61.9B |
| Since | 2013 | 2024 |
| Dividend yield | 0.00% | 0.00% |
| Asset class | cryptocurrency | cryptocurrency |
| Region | — | — |
| Strategy | — | index tracking |
| CAGR 1Y | -31.4% | -30.5% |
| CAGR 3Y | +63.1% | N/A |
| CAGR 5Y | +12.9% | N/A |
| Sharpe 3Y | 1.13 | N/A |
| Volatility 1Y | 43.28% | 43.35% |
| Max drawdown | -89.91% | -49.36% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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