Scope
56 US listed spot crypto ETFs across 12 coins: Avalanche, Bitcoin, Chainlink, Dogecoin, Ether, Hedera, Litecoin, Polkadot, Solana, Stellar, Sui, XRP. A fund is here if it holds the coin itself through a custodian, trades under a ticker, and the coin has a spot price series ETFIQ can read. Funds that hold shares of companies that own it, or write options on those companies, are different instruments. They sit in the category they belong to.
Futures and strategy funds
A registered fund is a crypto fund when at least half its net assets are exposed to digital assets by its latest N-PORT. Exposure through futures, swaps or options on a coin counts the same as holding it, at the contract’s notional. 14 funds reach one coin this way, or rotate between it and Treasuries by their own rule. Each is measured against that coin at 4pm New York, like the spot funds, and listed on a page of its own, because its difference also carries the cost of rolling futures or the strategy itself. Funds below half are placed by their other holdings. Funds exposed to several coins are measured against their own book once it is read.
53 of the 70 are 1933 Act trusts that file a 10-K rather than registered funds that file an N-PORT; BHDG, BITC, BITO, BNAV, CHNL, CRDD, DOJE, EETH, HBTC, MAXI, NGHT, ORO, SOLZ, SSK, STLR, XRPI and XRPR are registered series and file an N-PORT. A 1933 Act trust has a sponsor, not an adviser. It publishes no 19a-1 notice and appears in none of the SEC investment company files the other categories use. The industry and the regulator call these digital asset products. Most sponsors now call them ETFs, and so does this site.
Sources
| Source | What it provides | Read | Spec |
|---|---|---|---|
| SEC company_tickers.json | Every registrant with a traded ticker, including the trusts, which the investment company files do not carry | Continuous | document ↗ |
| Tiingo end-of-day | Split and distribution adjusted closes for each fund | Daily | document ↗ |
| Tiingo crypto | The daily close of the coin each fund holds | Daily | document ↗ |
| The trust’s own filings on EDGAR | Sponsor, fee, custody and staking terms, linked from every fund page | As filed | · |
What is computed
- Tracking difference The fund’s total return minus the coin’s over the same two dates, in percentage points. It bundles the fee, custody cost, creation and redemption friction, and any premium or discount the shares traded at. The sponsor does not publish this number.
- Why the two dates are the fund’s Coins trade every day. Funds do not. Both returns use the dates the fund traded, so a weekend move counts on the Monday it can be realized. The calendar window would blame the fund for error it did not cause.
- When two returns may not be subtracted Subtracting returns gives a true gap only while both are small. $ETHE since January 2020 returned +622.69% while Ether returned +1,840.80%. The difference is -1,218 points. That is correct, but it reflects the discount to net asset value the trust carried before it converted, not tracking. So every window also carries the gap between the two growth factors, (1+fund)/(1+coin)-1, which holds at any size. On 264 of 302 fund-windows the two agree within a point, and the page prints the points number. On the other 38 it prints the compounded one. $ETHE reads -62.76%: the fund kept 37% of what holding the coin gave.
- Thinly quoted trusts A fund whose price sat unchanged on more than one trading day in twenty. An unchanged price means nobody traded, so the difference against the coin reflects only the days someone did. 2 today: GLNK, GSOL. They are published with the reason and never ranked against funds that trade daily. $OSOL shows +46 points against Solana over a year and closed unchanged on 202 of its 1,054 days.
- The sponsor’s fee These trusts file no 485BPOS and no prospectus XBRL, so there is no structured fee field. The fee is read from the sentence that states it in each trust’s own 10-K, S-1 or 424B3, and every fund page links that filing. Grayscale states it in the notes, not a fee table. That is why four of the five fees we could not read at first were Grayscale’s, and they are the four that matter most: $GBTC charges ten times what Grayscale’s own mini trust charges on the same asset. The fee is already inside the tracking difference. The two numbers are one cost, stated once as a promise and once as the result.
- Fee waivers Almost every 2024 and 2025 launch waived its fee for a period or up to an asset threshold. A waiver is why $IBIT sits a fifth of a point behind bitcoin, not a quarter. When it ends, the gap widens by the amount waived. The end date or asset level comes from the filing and prints with the fee.
- Staking Three answers can disagree. The site prints all three. What the chain allows: only a proof of stake chain pays rewards, so no bitcoin, litecoin or dogecoin fund can, whatever a sponsor writes. XRP uses neither proof of work nor proof of stake. Its validators are not paid, so there is nothing to stake. What the filings say: read from the 10-K, S-1 or 424B3, with the form and its date beside the answer. A 10-K that books staking reward income shows a fund has staked. That is an audited number, not an intention. What the prices did: a fund that charges a fee cannot beat the price of what it holds unless it earned something, and on these chains staking is the only thing to earn. Every Solana trust here is between three and seven percent ahead of Solana. Where the three disagree, the fund’s page says so. Today they do not.