ARK 21shares Bitcoin ETF (ARKB) vs Bitwise Bitcoin ETF (BITB)

How ARK 21shares Bitcoin ETF (ARKB) vs Bitwise Bitcoin ETF (BITB) compare on our ratings, crypto etf specs, funding, pros and cons.

Feature
Ratings
Our score4.0/54.1/5
User ratingNo reviews yetNo reviews yet
Fees4.54.5
Size & liquidity4.04.5
Issuer & custody4.54.5
Structure & tracking4.04.0
Extras (staking, options)2.52.5
Specs
TickerARKBBITB
Issuer21sharesBitwise
HoldsBitcoinBitcoin
StructureSpot ETFSpot ETF
Expense ratio0.21%0.2%
Fee waiverNot disclosed0.00% on the first $1 billion of Trust assets for the first 6 months
Assets under management$2.5B$3.02B
Listed onCboe BZXNYSE Arca
Launch date2024-01-102024-01-10
CustodianAnchorage Digital Bank N.A., BitGo Bank & Trust, N.A., Coinbase Custody International, LtdCoinbase Custody Trust Co., LLC
Stakes its holdings No No
MarketUnited StatesUnited States
Company
Founded20242024
Headquarters—United States
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • Annual expense ratio is 0.21%
  • Assets split across Anchorage, BitGo, and Coinbase Custody
  • Net assets under management exceed $2.5B
  • Trades directly through standard US brokerage and IRA accounts
  • Competitive 0.20% expense ratio covering custody and administration costs
  • Independent daily proof-of-reserve examinations by an accounting firm
  • Tight trading liquidity with a 0.02% 30-day median bid-ask spread
  • Pledges 10% of fund profits to open-source Bitcoin developers
Cons
  • No option for retail shareholders to redeem underlying bitcoin directly
  • Not registered under the Investment Company Act of 1940
  • Undergoing a ticker and fund name change in December 2026
  • Trading access limited to US market participants
  • Investors cannot redeem fund shares for actual physical bitcoin
  • Not registered under the Investment Company Act of 1940
  • Subject to institutional counterparty concentration with a single crypto custodian
Best forUS brokerage account holders, Retirement and IRA allocators, Investors seeking multi-custodian spot exposureUS brokerage account holders, Retirement and IRA investors, Institutions requiring verified reserves

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.