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IBIT vs GBTC

Defiance Daily Short Digitizing the Economy ETF vs Grayscale Bitcoin Trust ETF

IBIT

Defiance Daily Short Digitizing the Economy ETF

iShares

Annual cost

0.25%

Fund size

$61.9B

GBTC

Grayscale Bitcoin Trust ETF

Grayscale

Annual cost

1.50%

Fund size

$11.5B

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

IBITGBTC
Annual cost (TER)0.25%1.50%
Fund size (AUM)$61.9B$11.5B
Since20242013
Dividend yield0.00%0.00%
Asset classcryptocurrencycryptocurrency
Region
Strategyindex tracking
CAGR 1Y-30.5%-31.4%
CAGR 3YN/A+63.1%
CAGR 5YN/A+12.9%
Sharpe 3YN/A1.13
Volatility 1Y43.35%43.28%
Max drawdown-49.36%-89.91%

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

Similar to IBIT and GBTC