Key Takeaways
- • NerdWallet's directory lists 68 Bitcoin-linked ETFs, spanning spot-tracking, futures, options-income, buffered/structured, leveraged, inverse, and multi-asset designs.
- • Expense ratios range from 0.59% (Grayscale Bitcoin Adopters ETF, BCOR) to 11.40% gross (GraniteShares YieldBOOST Bitcoin ETF, XBTY), with the bulk of products clustered between 0.65% and 1.00%.
- • Many funds that carry gross fees above 1% are subject to contractual expense caps, with some caps running into 2027, meaning net costs are materially lower than headline figures.
- • Several products are structured as capped or floored outcome vehicles over 12-month periods, while others use options overlays to generate income or hedge tail risk.
- • Innovator's Uncapped Bitcoin 20 Floor ETF (QBF) is liquidating, with trading halted after the close on Dec. 31, 2026 and cash distributed on Jan. 8, 2027.
Summary
NerdWallet has published a comparison table of 68 Bitcoin ETFs, drawing on SEC EDGAR filings and fund websites. The data is current as of October 22, 2026, according to the publication, and is presented for informational purposes only. The list illustrates how far the category has diversified beyond plain-vanilla spot exposure.
Fee levels span a wide range. The lowest listed expense ratio is 0.59%, charged by the Grayscale Bitcoin Adopters ETF (BCOR), which invests in stocks of companies holding Bitcoin on their balance sheets. Most covered-call and option-income products, including the Amplify, Grayscale Bitcoin Premium Income and Grayscale Bitcoin High Income ETFs, charge 0.65%. The Calamos Structured Alt Protection series, which targets capped Bitcoin upside with downside floors of 100%, 90% or 80% over 12-month outcome periods, generally charges 0.69% to 0.79%. At the top of the range, GraniteShares' XBTY carries an 11.40% gross fee, reduced to 1.15% under a contractual expense cap running until Dec. 31, 2026.
The list also shows a broad set of strategies. Leveraged and inverse products, including T-REX, ProShares and Direxion funds, target daily multiples of Bitcoin's returns using futures, swaps or derivatives. Multi-asset products pair Bitcoin with Ether or gold, and rotation strategies shift between Bitcoin and U.S. Treasuries. Several equity-based funds, such as the CoinShares Bitcoin Mining and Digital Power ETF (WGMI) and the Bitwise Bitcoin Standard Corporations ETF (OWNB), hold shares of miners or corporate treasury holders rather than Bitcoin directly.
NerdWallet flags one fund in wind-down: the Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF), which is liquidating, with trading halted after the close on Dec. 31, 2026 and cash distributed on Jan. 8, 2027. Several other funds show fee reductions or expense caps with expiration dates, including ProShares Bitcoin & Ether funds (BETH, BETE) with fees reduced to 0.95% until Sept. 30, 2027.
Fee levels span a wide range. The lowest listed expense ratio is 0.59%, charged by the Grayscale Bitcoin Adopters ETF (BCOR), which invests in stocks of companies holding Bitcoin on their balance sheets. Most covered-call and option-income products, including the Amplify, Grayscale Bitcoin Premium Income and Grayscale Bitcoin High Income ETFs, charge 0.65%. The Calamos Structured Alt Protection series, which targets capped Bitcoin upside with downside floors of 100%, 90% or 80% over 12-month outcome periods, generally charges 0.69% to 0.79%. At the top of the range, GraniteShares' XBTY carries an 11.40% gross fee, reduced to 1.15% under a contractual expense cap running until Dec. 31, 2026.
The list also shows a broad set of strategies. Leveraged and inverse products, including T-REX, ProShares and Direxion funds, target daily multiples of Bitcoin's returns using futures, swaps or derivatives. Multi-asset products pair Bitcoin with Ether or gold, and rotation strategies shift between Bitcoin and U.S. Treasuries. Several equity-based funds, such as the CoinShares Bitcoin Mining and Digital Power ETF (WGMI) and the Bitwise Bitcoin Standard Corporations ETF (OWNB), hold shares of miners or corporate treasury holders rather than Bitcoin directly.
NerdWallet flags one fund in wind-down: the Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF), which is liquidating, with trading halted after the close on Dec. 31, 2026 and cash distributed on Jan. 8, 2027. Several other funds show fee reductions or expense caps with expiration dates, including ProShares Bitcoin & Ether funds (BETH, BETE) with fees reduced to 0.95% until Sept. 30, 2027.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.