{"url":"https://etfiq.com/compare/crypto/btcw-vs-gbtc","section":"compare","title":"BTCW vs GBTC: Tracking, Returns & Fees | ETFIQ","description":"BTCW and GBTC both hold Bitcoin. Over the same days to Oct 28, 2026 BTCW finished 0.21 of a percentage point behind Bitcoin and GBTC 1.0 behind.","as_of":"Oct 28, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which tracked Bitcoin more closely, BTCW or GBTC?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Oct 28, 2026, BTCW finished 0.21 of a percentage point behind Bitcoin and GBTC 1.0 percentage point behind, so BTCW tracked it more closely, by 0.80 of a percentage point. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks and whatever the market paid for the shares rather than for the coin, all together."}},{"@type":"Question","name":"Do BTCW or GBTC pay a staking yield?","acceptedAnswer":{"@type":"Answer","text":"Bitcoin is a proof of work chain, so there is nothing to stake and no fund holding it can pay a staking yield."}},{"@type":"Question","name":"What is the difference between BTCW and GBTC?","acceptedAnswer":{"@type":"Answer","text":"Both hold Bitcoin through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. BTCW is sponsored by WisdomTree and first traded Jan 11, 2024; GBTC by Grayscale."}},{"@type":"Question","name":"Which is cheaper, BTCW or GBTC?","acceptedAnswer":{"@type":"Answer","text":"BTCW charges 0.25% a year and GBTC charges 1.50%, so BTCW is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Crypto ETFs","item":"https://etfiq.com/crypto/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"BTCW vs GBTC","item":"https://etfiq.com/compare/crypto/btcw-vs-gbtc"}]},{"@type":"WebPage","name":"BTCW vs GBTC: Tracking, Returns & Fees","description":"BTCW and GBTC both hold Bitcoin. Over the same days to Oct 28, 2026 BTCW finished 0.21 of a percentage point behind Bitcoin and GBTC 1.0 behind.","url":"https://etfiq.com/compare/crypto/btcw-vs-gbtc","dateModified":"2026-10-28","abstract":"Over the year to Oct 28, 2026, BTCW finished 0.21 of a percentage point behind Bitcoin and GBTC 1.0 behind.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of BTCW and GBTC","description":"BTCW and GBTC both hold Bitcoin. Over the same days to Oct 28, 2026 BTCW finished 0.21 of a percentage point behind Bitcoin and GBTC 1.0 behind.","dateModified":"2026-10-28","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/crypto/btcw-vs-gbtc","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/crypto.json"}],"variableMeasured":["Fund total return","Coin return over the same days","Tracking difference","Compounded difference","Sponsor's fee","Fee waiver","Staking","Days traded"],"keywords":["exchange-traded funds","ETF","Crypto ETFs","fund data","SEC filings"]}],"characters":7689,"truncated":true,"content":"ETFIQ / Crypto ETFs / Compare ETFs / BTCW vs GBTC \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 28, 2026 .\n\n BTCW vs GBTC: Tracking, Returns & Fees\n\n Over the year to Oct 28, 2026, BTCW finished 0.21 of a percentage point behind Bitcoin and GBTC 1.0 behind.\n Copy this for sharing \n \n BTCW costs 1.25 points a year less; their one-year returns differ by 0.8 points.\n BTCW and GBTC at a glance. As of Oct 28, 2026. Source: ETFIQ. BTCW GBTC \n Expense ratio 0.25% 1.50% \n Net assets, BTCW as of Sep 11, 2026 and GBTC as of Jun 30, 2026 $162m $8.1bn \n Total return, 1 year \u221228.5% \u221229.3% \n Wh","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, BTCW against GBTC, data as of Oct 28, 2026. https://etfiq.com/compare/crypto/btcw-vs-gbtc","a":{"ticker":"BTCW","name":"WisdomTree Bitcoin Fund","issuer":"WisdomTree","desk":"crypto","as_of":"2026-10-28","verdict":"Over the year to Oct 28, 2026, BTCW lost 28.5%, against \u221228.3% for bitcoin.","url":"https://etfiq.com/funds/btcw","key_facts":[{"label":"Total return, 1 year","value":"\u221228.5%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Bitcoin over the same days","value":"\u221228.3%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Difference against Bitcoin, in percentage points","value":"\u22120.2 pts","as_of":"2026-10-28","source":null},{"label":"Days it has traded","value":"702","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$162m","as_of":"2026-09-11","source":"issuer page, as of Sep 11, 2026"},{"label":"Holds","value":"Bitcoin","as_of":"2026-10-28","source":null}]},"b":{"ticker":"GBTC","name":"Grayscale Bitcoin Trust ETF","issuer":"Grayscale","desk":"crypto","as_of":"2026-10-28","verdict":"Over the year to Oct 28, 2026, GBTC lost 29.3%, against \u221228.3% for bitcoin.","url":"https://etfiq.com/funds/gbtc","key_facts":[{"label":"Total return, 1 year","value":"\u221229.3%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Bitcoin over the same days","value":"\u221228.3%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Difference against Bitcoin, in percentage points","value":"\u22121.0 pts","as_of":"2026-10-28","source":null},{"label":"Net assets","value":"$8.1bn","as_of":"2026-06-30","source":"10-Q balance sheet, as of Jun 30, 2026"},{"label":"Holds","value":"Bitcoin","as_of":"2026-10-28","source":null}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/crypto/btcw-vs-gbtc"}