Capital · Crypto ETFs · BTC
Bitcoin ETFs.
Every Fee, Side By Side.
Eleven spot bitcoin funds trade in the United States and they hold the same asset. The fee is most of what separates them, and it ranges from 0.15 percent to 0.25 percent. The Canadian funds on the TSX cost several times more.
Spot bitcoin ETFs hold bitcoin directly rather than futures. In the United States the cheapest is Grayscale Bitcoin Mini Trust at 0.15 percent, and most of the rest sit at 0.20 to 0.25 percent. In Canada the TSX funds run from 0.40 percent to 1.00 percent. They all hold the same asset, so the fee is the main durable difference between them.
Cheapest US Fund
Grayscale Bitcoin Mini Trust, ticker BTC, listed July 2024.
The Common Rate
IBIT, FBTC, BTCO, BTCW and BRRR all sit here.
Most Expensive Canadian
Purpose Bitcoin ETF, the first spot bitcoin ETF in the world.
Canada Went First
Purpose listed in February 2021, nearly three years before the US funds.
The United States Funds
Spot bitcoin, listed on a US exchange. Fee is the sponsor or management fee as the issuer states it. Sorted by fee.
| Fund | Issuer | Fee |
|---|---|---|
| BTC Grayscale Bitcoin Mini Trust ETF, listed 31 July 2024 | Grayscale | 0.15% |
| GBTC Grayscale Bitcoin Trust ETF, uplisted 11 January 2024 | Grayscale | 0.20% |
| HODL VanEck Bitcoin ETF | VanEck | 0.20% |
| ARKB ARK 21Shares Bitcoin ETF, listed 10 January 2024 | ARK / 21Shares | 0.21% |
| IBIT iShares Bitcoin Trust ETF, listed 5 January 2024 | BlackRock | 0.25% |
| FBTC Fidelity Wise Origin Bitcoin Fund | Fidelity | 0.25% |
| BTCO Invesco Galaxy Bitcoin ETF | Invesco / Galaxy | 0.25% |
| BTCW WisdomTree Bitcoin Fund, listed 11 January 2024 | WisdomTree | 0.25% |
| BRRR CoinShares Bitcoin ETF, formerly Valkyrie, listed 10 January 2024 | CoinShares | 0.25% |
| BITB Bitwise Bitcoin ETF | Bitwise | Not confirmed |
| EZBC Franklin Bitcoin ETF | Franklin Templeton | Not confirmed |
BITB and EZBC trade and are real funds. Their fee is shown as not confirmed because the issuer page did not render a fee I could read on 17 September 2026, and a figure I cannot trace does not get printed as though it were checked.
The Canadian Funds
Listed on the TSX. Canada listed the first spot bitcoin ETF in the world, almost three years before the United States, and its funds still cost more.
| Fund | Issuer | Fee |
|---|---|---|
| BTCX CI Galaxy Bitcoin ETF, listed 9 March 2021 | CI Global | 0.40% |
| EBIT Evolve Bitcoin ETF, listed 17 February 2021 | Evolve | 0.75% plus tax |
| BTCC Purpose Bitcoin ETF, listed 23 February 2021, the first in the world | Purpose | 1.00% |
What Actually Separates Them
Three things, and one of them is not a thing at all.
The Fee, Which Is Most Of It
These funds hold the same asset in the same way. Over a long hold the fee is the difference, it compounds against you, and it is the one input you can know in advance. Ten basis points on a large position is not a rounding error.
The Custodian
Most of the US funds custody with Coinbase. That is a concentration nobody chose deliberately and it is worth knowing before you decide a second fund gives you diversification. Two funds at the same custodian are less diversified than they look.
Not Performance
Every spot fund tracks the same price. Comparing their returns tells you about tracking and fee drag, not about skill, and any table ranking them by return is measuring noise.
The Asset Itself
A fund is a wrapper. These are the pages on what is inside it, written the same way and carrying no price either.
The Other Assets
Same rules, same sources, one page each.
Ethereum ETFs
Spot ether funds all hold the same asset, and then they split on one thing that actually matters: whether they stake it. A fund that does not stake is leaving the network’s own yield on the table on your behalf.
Solana ETFs
The Solana funds arrived late and arrived staking, which is the opposite of how bitcoin and ether went. Grayscale states it stakes one hundred percent of the fund. On the TSX, 3iQ runs at nothing for the first year.
Memecoin ETFs
Dogecoin has three listed funds in the United States. Shiba Inu and Pepe have European ETPs. Dogwifhat, Bonk and Official Trump have nothing at all, anywhere, and the pages telling you otherwise are guessing.
Fees, launch dates and staking status were read off each issuer’s own page on 17 September 2026 and are linked below. Nothing here is a price, a return or a flow figure. This is a published reference, not financial advice, and I am not a licensed advisor. Confirm every figure with the issuer before you buy anything.
Check It Against The Issuer.
Then Decide For Yourself.
Every figure on this page links to the issuer page it came from.
Not financial advice.