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Bitwise Bitcoin ETF (BITB) vs Bitwise Ethereum ETF (ETHW)

How Bitwise Bitcoin ETF (BITB) vs Bitwise Ethereum ETF (ETHW) compare on our ratings, crypto etf specs, funding, pros and cons.

Bitwise Bitcoin ETF (BITB)4.1/5
VS
Bitwise Ethereum ETF (ETHW)3.7/5
Feature
Bitwise Bitcoin ETF (BITB)Visit
Bitwise Ethereum ETF (ETHW)Visit
Ratings
Our score4.1/53.7/5
User ratingNo reviews yetNo reviews yet
Fees4.53.5
Size & liquidity4.54.0
Issuer & custody4.54.5
Structure & tracking4.04.5
Extras (staking, options)2.52.0
Specs
TickerBITBETHW
IssuerBitwiseBitwise
HoldsBitcoinEther
StructureSpot ETFSpot ETF
Expense ratio0.2%0.2%
Fee waiver0.00% on the first $1 billion of Trust assets for the first 6 months0.00% on first $500M assets for first 6 months through January 22, 2025
Assets under management$3.02B$260,410,172
Listed onNYSE ArcaNYSE Arca
Launch date2024-01-102024-07-23
CustodianCoinbase Custody Trust Co., LLCCoinbase Custody Trust Co., LLC
Stakes its holdings No No
MarketUnited StatesUnited States
Company
Founded20242024
HeadquartersUnited StatesUnited States
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • 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
  • Trades on NYSE Arca through brokerage accounts
  • 0.20% sponsor fee structure
  • Daily independent proof-of-reserve examinations by The Network Firm
  • 100% physically backed spot ether holdings with no futures exposure
Cons
  • 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
  • Total expense ratio reaches 0.85% when factoring administrative costs
  • Does not stake ether, foregoing network proof-of-stake yields
  • Custody relies on a single provider, Coinbase Custody Trust Company
Best forUS brokerage account holders, Retirement and IRA investors, Institutions requiring verified reservesUS brokerage account holders, IRA and 401(k) crypto allocations, Investors avoiding private key management

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.