S&P 500   5,091.17 (+0.42%)
DOW   38,986.49 (+0.10%)
QQQ   438.95 (+0.85%)
AAPL   181.53 (+0.06%)
MSFT   408.40 (+0.17%)
META   487.37 (+0.69%)
GOOGL   137.72 (+0.98%)
AMZN   174.14 (+0.57%)
TSLA   204.72 (+1.33%)
NVDA   797.09 (+2.63%)
NIO   5.64 (+3.87%)
AMD   181.72 (+2.93%)
BABA   74.45 (-0.19%)
T   17.04 (+0.47%)
F   12.45 (+1.22%)
MU   89.25 (-0.51%)
CGC   3.40 (+1.19%)
GE   155.57 (-0.03%)
DIS   112.41 (+1.45%)
AMC   4.62 (-7.41%)
PFE   27.06 (+0.07%)
PYPL   61.06 (+1.34%)
XOM   104.96 (+0.61%)
S&P 500   5,091.17 (+0.42%)
DOW   38,986.49 (+0.10%)
QQQ   438.95 (+0.85%)
AAPL   181.53 (+0.06%)
MSFT   408.40 (+0.17%)
META   487.37 (+0.69%)
GOOGL   137.72 (+0.98%)
AMZN   174.14 (+0.57%)
TSLA   204.72 (+1.33%)
NVDA   797.09 (+2.63%)
NIO   5.64 (+3.87%)
AMD   181.72 (+2.93%)
BABA   74.45 (-0.19%)
T   17.04 (+0.47%)
F   12.45 (+1.22%)
MU   89.25 (-0.51%)
CGC   3.40 (+1.19%)
GE   155.57 (-0.03%)
DIS   112.41 (+1.45%)
AMC   4.62 (-7.41%)
PFE   27.06 (+0.07%)
PYPL   61.06 (+1.34%)
XOM   104.96 (+0.61%)
S&P 500   5,091.17 (+0.42%)
DOW   38,986.49 (+0.10%)
QQQ   438.95 (+0.85%)
AAPL   181.53 (+0.06%)
MSFT   408.40 (+0.17%)
META   487.37 (+0.69%)
GOOGL   137.72 (+0.98%)
AMZN   174.14 (+0.57%)
TSLA   204.72 (+1.33%)
NVDA   797.09 (+2.63%)
NIO   5.64 (+3.87%)
AMD   181.72 (+2.93%)
BABA   74.45 (-0.19%)
T   17.04 (+0.47%)
F   12.45 (+1.22%)
MU   89.25 (-0.51%)
CGC   3.40 (+1.19%)
GE   155.57 (-0.03%)
DIS   112.41 (+1.45%)
AMC   4.62 (-7.41%)
PFE   27.06 (+0.07%)
PYPL   61.06 (+1.34%)
XOM   104.96 (+0.61%)
S&P 500   5,091.17 (+0.42%)
DOW   38,986.49 (+0.10%)
QQQ   438.95 (+0.85%)
AAPL   181.53 (+0.06%)
MSFT   408.40 (+0.17%)
META   487.37 (+0.69%)
GOOGL   137.72 (+0.98%)
AMZN   174.14 (+0.57%)
TSLA   204.72 (+1.33%)
NVDA   797.09 (+2.63%)
NIO   5.64 (+3.87%)
AMD   181.72 (+2.93%)
BABA   74.45 (-0.19%)
T   17.04 (+0.47%)
F   12.45 (+1.22%)
MU   89.25 (-0.51%)
CGC   3.40 (+1.19%)
GE   155.57 (-0.03%)
DIS   112.41 (+1.45%)
AMC   4.62 (-7.41%)
PFE   27.06 (+0.07%)
PYPL   61.06 (+1.34%)
XOM   104.96 (+0.61%)

Bitcoin ETFs: A two-day ranking of top performers

Key Points

  • The recent approval and launch of 11 Bitcoin spot ETFs have marked a thrilling chapter in the cryptocurrency investment landscape.
  • After the first two days of trading, Grayscale Bitcoin Trust leads in volume traded and liquidity, totaling over $4 billion.
  • iShares Bitcoin Trust Beneficial Interest by BlackRock secured the second spot with over 60 million shares traded, totaling more than $1.5 billion.
  • 5 stocks we like better than Bitwise Bitcoin ETF

Bitcoin ETF image of tech

The recent approval and launch of eleven Bitcoin spot ETFs have added a thrilling chapter. Building up to the much-anticipated approval, the market was brimming with anticipation. 

As the U.S. Securities and Exchange Commission (SEC) nodded to the first-ever U.S.-listed exchange-traded funds tracking Bitcoinfinancial and industry giants like BlackRock, Ark Investments, Fidelity, Invesco and VanEck embarked on a new frontier. 

After a decade-long journey, these ETFs, spearheaded by financial industry giants, were set to debut in the market. Standard Chartered analysts projected a significant capital influx, estimating between $50 billion and $100 billion in investments within the coming year. 

Now, let's fast forward to the first two days of trading, where the top five Bitcoin ETFs have emerged, not only by volume traded but also in overall liquidity. So, let's delve into the rankings and briefly explore their fee structures, offering insights tailored for those keen on exploring and potentially investing in these groundbreaking ETFs.

Ranking the top Bitcoin ETFs

Take a look at the top ETFs we've ranked.


Grayscale Bitcoin Trust

According to its website, the Grayscale Bitcoin Trust NYSE: GBTC is an innovative investment vehicle that directly exposes investors to Bitcoin without the complexities of purchasing, storing, and securing BTC directly. It operates as a security passively invested in Bitcoin, and its shares are designed to mirror the value of Bitcoin held by the Trust.

Regarding volume traded and overall liquidity, GBTC takes the first spot after the first two days of trading following the approval. Over the first two days of trading, GBTC traded nearly 103 million shares, equalling more than $4 billion in volume.

However, while it ranks first for liquidity and volume traded, it ranks last regarding its fee structure. The ETF charges a fixed 1.5% fee.

iShares Bitcoin Trust Beneficial Interest

iShares Bitcoin Trust Beneficial Interest NASDAQ: IBIT is a product of BlackRock, the world's largest asset manager and ETF provider. As is the case with all of the ETFs, IBIT aims to reflect the general performance of the price of Bitcoin.

IBIT closed the week in second place based on the amount of shares traded. Between Thursday and Friday, the ETF recorded over 60 million shares traded, equalling over $1.5 billion traded. The ETF also offers an attractive fee structure relative to some others, starting with 0.12% fees for the first 12 months, after which fees rise to 0.25%.

Fidelity Wise Origin Bitcoin Fund

Fidelity Wise Origin Bitcoin Fund BATS: FBTC closed the week in third place, as the ETF traded over 28 million shares across the first two days of trading, totaling more than $1 billion in shares traded. FBTC offers a fee-free period until July 31, 2024, after which fees become 0.25%.

ARK 21 Shares Bitcoin ETF

ARK 21Shares Bitcoin ETF BATS: ARKB has also waived its fees for the first six months. After the waiver period, the fees will increase to 0.21%.

As it stood by the close on Friday, ARKB was in fourth spot for its overall volume and liquidity. The ETF traded 9.4 million shares during the first two days, totaling about $429 million in volume.

Bitwise Bitcoin ETF

Rounding off the top five list is the Bitwise Bitcoin ETF NYSE: BITB which traded just over eight million shares in its first two days for almost $200 million. The BITB ETF arguably offers the most attractive fee structure, with 0.0% for the first six months and increasing to 0.20% afterward.

After the initial two days of trading, the top five Bitcoin ETFs have made their mark in cryptocurrency investments, offering a dynamic landscape for investors. These ETFs present an exciting opportunity, whether enticed by liquidity and trading volumes or considering fee structures. 

However, it's crucial to note, as Fidelity states, that these products are designed for investors with a high-risk tolerance, given their focus on the volatile and potentially illiquid asset of Bitcoin.

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Should you invest $1,000 in Bitwise Bitcoin ETF right now?

Before you consider Bitwise Bitcoin ETF, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bitwise Bitcoin ETF wasn't on the list.

While Bitwise Bitcoin ETF currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Grayscale Bitcoin Trust (GBTC)N/A$56.46+4.9%N/AN/AN/A
iShares Bitcoin Trust (IBIT)N/A$36.27+5.3%N/AN/AN/A
ARK 21Shares Bitcoin ETF (ARKB)N/A$60.50+5.9%N/AN/AN/A
Fidelity Wise Origin Bitcoin Fund (FBTC)N/A$52.84+5.8%N/AN/AN/A
Bitwise Bitcoin ETF (BITB)N/A$34.55+4.8%N/AN/AN/A
Compare These Stocks  Add These Stocks to My Watchlist 

Ryan Hasson

About Ryan Hasson

  • Ry.has7@gmail.com

Contributing Author

Technical Analysis, Momentum Trading, Risk Management

Experience

Ryan Hasson has been a contributing writer for MarketBeat since 2023.

Areas of Expertise

Equity research and analysis, technical analysis and price action, market sentiment and underlying themes, risk management and trading psychology

Education

Bachelor of Commerce in Financial Management

Past Experience

Equities trader, Kershner Trading Group, business analysis consultant, SMB Capital

Zoom International: Business Analysis Consultant.


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