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Bitwise Bitcoin ETF (BITB) vs Invesco Galaxy Ethereum ETF (QETH)

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

Bitwise Bitcoin ETF (BITB)4.1/5
VS
Invesco Galaxy Ethereum ETF (QETH)3.4/5
Feature
Bitwise Bitcoin ETF (BITB)Visit
Invesco Galaxy Ethereum ETF (QETH)Visit
Ratings
Our score4.1/53.4/5
User ratingNo reviews yetNo reviews yet
Fees4.54.0
Size & liquidity4.52.5
Issuer & custody4.54.5
Structure & tracking4.04.0
Extras (staking, options)2.52.0
Specs
TickerBITBQETH
IssuerBitwiseInvesco
HoldsBitcoinEther
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$18.9M
Listed onNYSE ArcaCboe BZX
Launch date2024-01-102024-07-23
CustodianCoinbase Custody Trust Co., LLCCoinbase Custody Trust Company
Stakes its holdings No No
MarketUnited StatesUnited States
Company
Founded20242023
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 unified expense ratio
  • Physical ether holdings secured in segregated cold storage by Coinbase Custody
  • Trades directly on Cboe BZX for tax-advantaged account eligibility
  • Backed by institutional managers Invesco and Galaxy Asset Management
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
  • Does not stake ether holdings or distribute staking yield
  • No option for shareholders to withdraw physical ether
  • Limited to United States brokerage account holders
  • Modest fund assets of $18.9M in March 2026
Best forUS brokerage account holders, Retirement and IRA investors, Institutions requiring verified reservesUS brokerage account holders, Tax-advantaged retirement accounts, Investors avoiding self-custody wallets

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