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69 Bitcoin ETFs and Their Fees, Promotions and Holdings

Reported by Nerdwallet
Nov 12, 2025· 2 min read
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Key Takeaways
  • • NerdWallet's directory lists 69 Bitcoin-linked ETFs, spanning spot-tracking, futures-based, options-overlay, leveraged, inverse, and multi-asset structures.
  • • Expense ratios range from 0.59% (Grayscale Bitcoin Adopters ETF, BCOR) to 11.40% gross (GraniteShares YieldBOOST Bitcoin ETF, XBTY), with most products clustered between 0.65% and 1.00%.
  • • Several funds carry fee waivers or expense caps, including ProShares Bitcoin & Ether funds (BETH, BETE) at 0.95% until Sept. 30, 2027, and XBTY at 1.15% net until Dec. 31, 2026.
  • • Innovator Uncapped Bitcoin 20 Floor ETF (QBF) is liquidating, with trading halted after the close on Dec. 31, 2026 and cash distributed Jan. 8, 2027.
  • • Data is sourced from SEC EDGAR and fund websites and is stated as current as of October 22, 2026.
Summary
NerdWallet has compiled a directory of 69 Bitcoin ETFs and related products, cataloguing each fund's expense ratio, promotional fee terms, and underlying holdings. The list covers a wide range of strategies, from funds holding Bitcoin ETPs or spot Bitcoin ETFs to vehicles using futures, covered-call and put-writing overlays, buffered or floor-protected option structures, leveraged and inverse exposures, and equity exposure to miners and corporate Bitcoin treasury holders.

Fees show wide dispersion. The lowest gross 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. Many income and protection products charge 0.65% to 0.69%, while the Calamos Structured Alt Protection series and FT Vest Floor15 series sit at 0.69% and 0.90%, respectively. Leveraged and inverse products generally charge 0.95% to 1.02%. At the high end, GraniteShares YieldBOOST Bitcoin ETF (XBTY) carries an 11.40% gross fee, reduced to 1.15% under a contractual expense cap running until Dec. 31, 2026, and Fortuna Hedged Bitcoin ETF (HBTC) charges 1.97%.

Several funds rely on temporary or contractual fee reductions. ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) and Equal Weight ETF (BETE) charge 1.04% gross, reduced to 0.95% until Sept. 30, 2027. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC) charges 1.12% gross, reduced to 0.88% under an expense cap through May 1, 2027, and Direxion Daily Bitcoin Bull 2X ETF (BTCU) charges 1.15% gross, reduced to 1.13% through Sept. 1, 2027.

Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF) is being liquidated. Trading will be halted after the close on Dec. 31, 2026, with cash distributed on Jan. 8, 2027. Per the source, data is current as of October 22, 2026, and draws on SEC EDGAR filings and fund websites. The directory is provided for informational purposes only.

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Sources

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Nerdwallet 69 Bitcoin ETFs and Their Fees, Promotions and Holdings