Ranked by the fund’s return minus the coin’s over the same days, the longest window each has, as of . Rebuilt every trading night.
Every spot bitcoin ETF, against bitcoin itself
A fund ahead of bitcoin either staked what it holds, which only a proof of stake chain allows, or had its shares priced more generously at the end of the window than at the start.
| # | Ticker | Fund | Sponsor | Holds | Fee | The fund | The coin | Difference |
|---|---|---|---|---|---|---|---|---|
| 1 | HODL | VanEck Bitcoin ETF | VanEck | Bitcoin | 0.20% waived | −32.5% | −33.2% | +0.6 pts |
| 2 | BRRR | CoinShares Bitcoin ETF | CoinShares | Bitcoin | 0.25% waived | −32.6% | −33.2% | +0.5 pts |
| 3 | EZBC | Franklin Templeton Digital Holdings Tr | Franklin | Bitcoin | not read | −32.6% | −33.2% | +0.5 pts |
| 4 | ARKB | Ark 21Shares Bitcoin ETF | Ark | Bitcoin | 0.21% waived | −32.7% | −33.2% | +0.5 pts |
| 5 | BITB | Bitwise Bitcoin ETF | Bitwise | Bitcoin | 0.20% waived | −32.7% | −33.2% | +0.5 pts |
| 6 | FBTC | Fidelity Wise Origin Bitcoin Fund | Fidelity | Bitcoin | 0.25% | −32.7% | −33.2% | +0.5 pts |
| 7 | IBIT | iShares Bitcoin Trust ETF | iShares | Bitcoin | 0.25% waived | −32.7% | −33.2% | +0.5 pts |
| 8 | BTC | Grayscale Bitcoin Mini Trust ETF | Grayscale | Bitcoin | 0.15% | −32.7% | −33.2% | +0.5 pts |
| 9 | BTCO | Invesco Galaxy Bitcoin ETF | Invesco | Bitcoin | 0.25% waived | −32.7% | −33.2% | +0.5 pts |
| 10 | BTCW | WisdomTree Bitcoin Fund | WisdomTree | Bitcoin | 0.25% waived | −32.8% | −33.2% | +0.4 pts |
| 11 | MSBT | Morgan Stanley Bitcoin Trust | Morgan Stanley | Bitcoin | 0.14% | +8.3% | +8.6% | −0.3 pts |
| 12 | GBTC | Grayscale Bitcoin Trust ETF | Grayscale | Bitcoin | 1.50% | −33.5% | −33.2% | −0.4 pts |
Method
The 12 spot bitcoin ETFs ETFIQ can measure, ranked by how close each came to the coin it holds. The difference carries the fee, the custody cost, the friction of creating and redeeming in blocks, and whatever the market paid for the shares rather than for the coin. Thinly quoted trusts are left out: a fund whose price sat unchanged on more than one trading day in twenty tops this list for a reason that has nothing to do with tracking. ETFIQ lists them on the desk and does not rank them here. The ranking is the published field sorted, nothing else: no scoring, no weighting and no view on any fund. Every fund ETFIQ covers in this category is eligible, including funds that have closed, because leaving them out would flatter the category.
Where to next
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
A ranking is not a recommendation and no order on this site is an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources
Cite this page. ETFIQ, Every spot bitcoin ETF, against bitcoin itself, ranked by the fund’s return minus the coin’s over the same days, data as of Sep 11, 2026. https://etfiq.com/rankings/crypto-bitcoin-against-the-coin Free to use with attribution; the underlying files are at Open data.