The Bitcoin price has hit record highs — and more investors than ever are looking to gain exposure without the complexity of self-custodying crypto. Enter spot Bitcoin ETFs, a regulated, stock-like investment vehicle that holds actual BTC and trades on major U.S. exchanges.
In this comprehensive guide, we compare 11 U.S.-listed spot Bitcoin ETFs as of late 2024, analyzing key factors like management fees, assets under management (AUM), and entry thresholds. Whether you're a beginner or a seasoned investor, this breakdown will help you make informed decisions in 2025 and beyond.
The 11 U.S. Spot Bitcoin ETFs Available in 2025
As of November 2024, the U.S. Securities and Exchange Commission (SEC) has approved 11 spot Bitcoin ETFs. These funds are issued by leading financial firms and offer a secure, transparent way to invest in Bitcoin through traditional brokerage accounts.
Here’s the full list:
- Franklin Bitcoin ETF (EZBC)
- Bitwise Bitcoin ETF (BITB)
- VanEck Bitcoin Trust (HODL)
- ARK 21Shares Bitcoin ETF (ARKB)
- iShares Bitcoin Trust (IBIT)
- Fidelity Wise Origin Bitcoin Fund (FBTC)
- WisdomTree Bitcoin Fund (BTCW)
- Invesco Galaxy Bitcoin ETF (BTCO)
- Valkyrie Bitcoin Fund (BRRR)
- Hashdex Bitcoin ETF (DEFI)
- Grayscale Bitcoin Trust (GBTC)
These ETFs differ in structure, fee models, and market performance — making it essential to compare them before investing.
Management Fees & Assets Under Management (AUM)
One of the most critical factors when choosing a Bitcoin ETF is the annual management fee, which directly impacts long-term returns. Fees range from as low as 0.19% to as high as 1.5%, with lower-fee funds typically attracting more capital.
Here’s how the 11 ETFs compare:
Franklin Bitcoin ETF (EZBC)
- Management Fee: 0.19% per year
- AUM: $7.3 billion
Bitwise Bitcoin ETF (BITB)
- Management Fee: 0.20% per year
- AUM: $4.3 billion
VanEck Bitcoin Trust (HODL)
- Management Fee: 0.20% per year
- AUM: $1.3 billion
ARK 21Shares Bitcoin ETF (ARKB)
- Management Fee: 0.21% per year
- AUM: $3.5 billion
iShares Bitcoin Trust (IBIT)
- Management Fee: 0.25% per year
- AUM: $48.4 billion (Largest by AUM)
Fidelity Wise Origin Bitcoin Fund (FBTC)
- Management Fee: 0.25% per year
- AUM: $13.3 billion
WisdomTree Bitcoin Fund (BTCW)
- Management Fee: 0.25% per year
- AUM: $1.1 billion
Invesco Galaxy Bitcoin ETF (BTCO)
- Management Fee: 0.25% per year
- AUM: $890 million
Valkyrie Bitcoin Fund (BRRR)
- Management Fee: 0.25% per year
- AUM: $910 million
Hashdex Bitcoin ETF (DEFI)
- Management Fee: 0.90% per year
- AUM: $150 million
Grayscale Bitcoin Trust (GBTC)
- Management Fee: 1.50% per year
- AUM: $21.7 billion
👉 Discover how low fees can boost your long-term crypto returns — explore your options today.
Data as of November 2024
Lowest Management Fee: Franklin Bitcoin ETF (EZBC)
Among all spot Bitcoin ETFs, the Franklin Bitcoin ETF (EZBC) stands out with the lowest annual fee at just 0.19%. This makes it an attractive choice for cost-conscious investors aiming to maximize net returns over time.
While iShares (IBIT) leads in total assets, EZBC offers a compelling combination of low cost and strong institutional backing — positioning it as a top contender for 2025 portfolios.
How to Check a Bitcoin ETF’s Management Fee
Each ETF is managed by a financial institution, and their official websites provide up-to-date information on fees, holdings, and performance.
To find the latest details:
- Visit the fund issuer’s official website (e.g., franklintempleton.com for EZBC).
- Search for the ETF using its ticker symbol.
- Review the fund’s overview page for current management fees, AUM, and BTC holdings.
For example, visiting Franklin Templeton’s site and searching “EZBC” gives instant access to real-time metrics.
This transparency ensures investors can make data-driven decisions without relying on third-party summaries.
Entry Threshold: Current Share Prices
Since these ETFs trade like stocks, the minimum investment is one share — meaning the current share price equals your entry threshold.
Here’s a snapshot of each ETF’s trading price:
- EZBC: $57.60
- BITB: $54.10 (Lowest price among major players)
- HODL: $112.38
- ARKB: $98.98
- IBIT: $56.49
- FBTC: $86.73
- BTCW: $105.34
- BTCO: $99.25
- BRRR: $28.08 (Lowest entry point)
- DEFI: $113.26
- GBTC: $78.87
💡 Tip: Investors with limited capital may prefer lower-priced shares like BRRR ($28.08)** or **BITB ($54.10) to start building exposure.
👉 Start small and grow your crypto portfolio — see how easy it can be with the right tools.
How to Buy a Bitcoin ETF
Purchasing a spot Bitcoin ETF is as simple as buying any stock — no crypto wallets or exchanges required.
Option 1: U.S.-Based Brokerage Platforms
Use online investment apps that support U.S. equities trading:
- Webull
- Fidelity
- Charles Schwab
- Interactive Brokers
These platforms allow you to buy ETFs like IBIT, FBTC, or EZBC directly within your brokerage account.
Option 2: Global Crypto-Friendly Exchanges
Some international platforms also offer access to U.S.-listed ETFs or direct BTC trading:
- OKX
- Binance (for non-U.S. users)
- Crypto.com
For those who want direct ownership of Bitcoin instead of ETFs, these exchanges remain viable alternatives — though they require managing private keys and security practices.
Frequently Asked Questions (FAQ)
What is the range of management fees among U.S. spot Bitcoin ETFs?
Fees range from 0.19% to 1.50% annually, with most major funds clustered between 0.20% and 0.25%.
How are management fees charged?
The fee is automatically deducted from the fund’s net asset value (NAV), so investors don’t pay separately — it’s built into the share price.
Which Bitcoin ETF has the largest assets under management?
The iShares Bitcoin Trust (IBIT) leads with over $48 billion in AUM, followed by Grayscale (GBTC) and Fidelity (FBTC).
Is GBTC still the best choice despite its high fee?
While GBTC was once the only option, its 1.5% fee is now among the highest. Many investors are migrating to lower-cost alternatives like IBIT or EZBC.
What’s the difference between spot and futures-based Bitcoin ETFs?
Spot ETFs hold actual Bitcoin, while futures ETFs track BTC price via derivatives contracts — making spot ETFs more direct and often preferred by long-term holders.
Can non-U.S. investors buy these ETFs?
Yes — through international brokers that support U.S. stock trading, such as Interactive Brokers or Saxo Bank.
Key Takeaways for 2025 Investors
As we move into 2025, spot Bitcoin ETFs are becoming a mainstream gateway to crypto investing. With over $100 billion collectively under management, these funds offer liquidity, regulation, and simplicity.
When selecting an ETF, consider:
- Lowest possible fee to preserve returns
- Liquidity and AUM for stability and ease of trading
- Entry price based on your budget
While iShares (IBIT) dominates in scale, Franklin (EZBC) leads in cost efficiency — and Valkyrie (BRRR) offers the most accessible entry point.
👉 Ready to invest smarter in 2025? Compare real-time data and find your ideal entry strategy now.
Investing involves risk, including the potential loss of principal. This article does not constitute financial advice or recommendation.