What is the main difference in the expense ratios of BITB and FBTC?

The expense ratio represents the annual fee paid to fund managers. BITB has an expense ratio of 0.20%, while FBTC is slightly higher at 0.25%. This 0.05% difference might seem small, but over longer periods, it can impact net returns. Lower fees generally mean more of the fund's performance remains with the investor, although other factors like tracking accuracy and liquidity also play a significant role in overall outcomes.

How does asset size influence the liquidity of BITB and FBTC?

Asset size impacts trading volume and bid-ask spreads. FBTC has net assets of $14.0 billion, significantly larger than BITB's $3.1 billion. Larger assets often imply higher liquidity, making it easier for investors to buy and sell shares without affecting the price considerably. However, even BITB's $3.1 billion base is substantial enough to support reasonable liquidity for most retail investors.

Do BITB and FBTC have overlapping holdings?

When comparing the top holdings of BITB and FBTC, there are no shared assets among the listed top-10 holdings. This lack of overlap indicates that the specific underlying positions or the composition of the portfolios differ. For investors, it means diversification is achieved by holding distinct assets, and performance will depend on how these unique holdings react to market movements rather than identical assets.

What do the dividend yields indicate for both funds?

Both BITB and FBTC currently have a dividend yield of 0.00%. In this context, these funds do not distribute cash payouts to shareholders. Instead, they likely reinvest any income generated or simply track the price of the underlying asset without distributing cash dividends. Investors should consider capital appreciation rather than income as the primary objective when examining these specific ETFs.

What does the category 'Digital Assets' imply for these ETFs?

Being categorized as 'Digital Assets' means that BITB and FBTC are primarily exposed to cryptocurrencies, specifically Bitcoin. These ETFs serve as traditional wrappers that allow investors to gain exposure to the digital asset market through a familiar stock exchange structure. It allows participation in Bitcoin's market movements without the direct need for cryptocurrency wallets or trading platforms, though they carry the inherent volatility of the crypto market.

What does the inception date tell us about BITB and FBTC?

Both BITB and FBTC have an inception date of January 10, 2024. This simultaneous launch indicates that these funds are relatively new entrants into the financial market. Their performance metrics are limited compared to more established investment vehicles, and they were designed to provide direct exposure to Bitcoin following changes in the regulatory landscape. Their short history means less data is available for long-term trend analysis.

What is the significance of the issuer in an ETF context?

For FBTC, the issuer is Fidelity, a well-established brand, whereas BITB is identified as a product from Bitwise. The issuer is the asset management company that creates and manages the fund. Investors often look at an issuer's reputation and operational history as indicators of fund management quality, regulatory compliance, and potential reliability. Established brands may attract more institutional capital due to existing trust networks.

What does 'shares of beneficial interest' mean in these ETF names?

The term 'Common Shares of Beneficial Interest' describes the legal structure of these ETFs. It signifies that investors own a beneficial interest in the fund's underlying assets. They do not directly own the individual stocks or bonds but hold a claim on the fund's total value. This is the standard legal mechanism for how publicly traded funds are structured on stock exchanges.

What does 'not available' mean for sector weights in this context?

For both BITB and FBTC, sector weightings are listed as 'not available'. Because these funds primarily invest in digital assets rather than traditional industry sectors like healthcare or technology, standard sector weightings may not apply or have not been disclosed. This reflects the nature of Bitcoin ETFs, which track the value of a specific cryptocurrency rather than a diversified basket of traditional equities.

Why are educational disclaimers important when comparing these ETFs?

Educational disclaimers clarify that the provided information is for understanding fund structures and fees, not a recommendation to buy or sell. Given that Bitcoin ETFs involve high volatility, neutral facts like expense ratios and asset sizes are critical for due diligence. The disclaimer ensures investors seek independent financial advice for personal portfolios, emphasising the complexity of digital asset investing and the importance of informed research.

BITB vs FBTC

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare Bitwise Bitcoin (BITB) and Fidelity Wise Origin Bitcoin (FBTC), both launched in January 2024. This page examines their fee structures (0.20% vs 0.25% expense ratios), asset size, dividend yields and approach to tracking the bitcoin market. Explore how these digital asset funds differ in cost and scale for your research. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

BITB

Metric

FBTC

0.20%

Expense Ratio

0.25%

0.00%

Dividend Yield

0.00%

$3.09B

Net Assets

$14.03B

Holdings

Jan 10, 2024

Inception Date

Jan 10, 2024

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Index Tracked

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Digital Assets

Fund Category

Digital Assets

BITB costs about $5.00 less per year for every $10,000 invested.

Shared Top Holdings

These funds do not share any of their top holdings.

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Investment Analysis

BITB

Pros

The expense ratio of 0.20 percent is slightly lower than the comparable fund
As a Bitcoin spot ETF, it provides direct exposure to the digital asset market
The net assets of $3.1 billion support reasonable liquidity for most retail investors

Considerations

The fund incurs a 0.20 percent annual fee that reduces long-term returns
The underlying Bitcoin investment is characterised by extreme price volatility
Net assets of $3.1 billion are considerably smaller than the largest rival

FBTC

Pros

The $14.0 billion asset base indicates high liquidity and strong market adoption
The fund offers direct exposure to Bitcoin spot prices through a traditional wrapper
The established brand reputation may enhance institutional confidence and trading accessibility

Considerations

The 0.25 percent expense ratio is higher than the cheapest available alternative
High concentration in a single digital asset exposes investors to specific risks
The fund is exposed to severe and unpredictable fluctuations in Bitcoin price

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About BITB and FBTC

BITB (BITB)

BITB is a lesser-known ticker with limited publicly available information. That can mean greater price volatility, lower liquidity and wider spreads compared with large, well-covered companies. Investors should confirm which company the ticker represents, the exchange it trades on, and review regulatory filings, recent news and trading volumes before taking a view. Potential drivers could include company-specific announcements, sector trends or changes in analyst coverage — but such catalysts can work both ways. Given the uncertainty, BITB may be more suitable for experienced, risk-tolerant investors or those allocating a small, speculative portion of a diversified portfolio. This summary is educational only and not personalised financial advice. Always carry out your own due diligence and consider consulting a regulated financial adviser to check suitability for your circumstances.

FBTC (FBTC)

FBTC is presented here only as a ticker symbol; no issuer or company details were provided. Before considering any exposure, investors should confirm what asset FBTC represents — an ordinary share, an exchange-traded product, a fund, or something else — and consult the official prospectus or issuer website. Key things to check include the underlying holdings, management or custody arrangements, fees, listing venue and liquidity. If FBTC is linked to digital assets or cryptocurrencies, expect materially higher volatility, 24/7 market behaviour and evolving regulatory treatment. Assess how it fits your time horizon, risk tolerance and diversification needs. Costs, tax treatment and operational risks can materially affect returns. This summary is educational only and not personalised advice; values can fall as well as rise, and past performance is not a reliable indicator of future results. Seek professional advice if you are unsure about suitability.

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BITB vs FBTC

Fund Snapshot