Bitwise Bitcoin ETF (BITB) vs CoinShares Bitcoin ETF (BRRR)

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

Feature
Ratings
Our score4.1/53.6/5
User ratingNo reviews yetNo reviews yet
Fees4.53.5
Size & liquidity4.53.5
Issuer & custody4.54.5
Structure & tracking4.04.0
Extras (staking, options)2.52.5
Specs
TickerBITBBRRR
IssuerBitwiseCoinShares
HoldsBitcoinBitcoin
StructureSpot ETFSpot ETF
Expense ratio0.2%0.25%
Fee waiver0.00% on the first $1 billion of Trust assets for the first 6 monthsNot disclosed
Assets under management$3.02B$454.9M
Listed onNYSE ArcaNasdaq
Launch date2024-01-102024-01-11
CustodianCoinbase Custody Trust Co., LLCCoinbase Custody, BitGo
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
  • Competitive 0.25% annual sponsor fee
  • Uses two regulated qualified custodians rather than concentrating holdings in one
  • Accessible through standard US brokerage and tax-advantaged retirement accounts
  • Tracks the established CME CF Bitcoin Reference Rate benchmark
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
  • No option for shareholders to withdraw or redeem underlying bitcoin directly
  • Expense ratio of 0.25% permanently dilutes net performance over extended periods
  • Not registered under the protections of the Investment Company Act of 1940
  • Trading restricted to standard US exchange market hours
Best forUS brokerage account holders, Retirement and IRA investors, Institutions requiring verified reservesUS brokerage account holders, Retirement and IRA crypto allocators, Investors avoiding personal wallet 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.