Bitwise Bitcoin ETF (BITB) vs Grayscale Bitcoin Mini Trust ETF (BTC)

How Bitwise Bitcoin ETF (BITB) vs Grayscale Bitcoin Mini Trust ETF (BTC) compare on our ratings, crypto etf specs, funding, pros and cons.

Feature
Ratings
Our score4.1/54.2/5
User ratingNo reviews yetNo reviews yet
Fees4.54.5
Size & liquidity4.54.5
Issuer & custody4.54.5
Structure & tracking4.04.5
Extras (staking, options)2.52.5
Specs
TickerBITBBTC
IssuerBitwiseGrayscale
HoldsBitcoinBitcoin
StructureSpot ETFSpot ETF
Expense ratio0.2%0.15%
Fee waiver0.00% on the first $1 billion of Trust assets for the first 6 monthsNot disclosed
Assets under management$3.02B$4.24B (December 2025)
Listed onNYSE ArcaNYSE Arca
Launch date2024-01-102024-07-31
CustodianCoinbase Custody Trust Co., LLCAnchorage Digital Bank, Coinbase Custody
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 0.15% annual expense ratio
  • Direct underlying custody through Anchorage Digital Bank and Coinbase Custody
  • Exceeded $4.24B in assets under management by December 2025
  • Holds spot Bitcoin rather than futures or debt instruments
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
  • Standard brokerage accounts cannot withdraw or take delivery of physical Bitcoin
  • Holdings do not generate yield or support staking
  • Restricted to investors with access to United States brokerage platforms
  • Subject to tracking error and secondary market discounts or premiums
Best forUS brokerage account holders, Retirement and IRA investors, Institutions requiring verified reservesUS brokerage account holders, Retirement and IRA crypto allocations, Cost-sensitive spot Bitcoin investors

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.