Top Bitcoin ETFs to Watch in 2025: Dominating Holdings, Low Fees, and Performance Insights
As of 2025, the Bitcoin ETF landscape is dominated by a mix of spot Bitcoin ETFs offering direct exposure to the cryptocurrency and Bitcoin futures strategy ETFs that provide exposure through futures contracts. The top Bitcoin ETFs expected to dominate based on holdings and fees reflect a balance between large assets under management (AUM), competitive expense ratios, and investor preferences for spot versus futures exposure.
Among spot Bitcoin ETFs, which provide direct Bitcoin price exposure, the leaders by holdings and low fees include:
On the other hand, Bitcoin futures strategy ETFs, which invest in Bitcoin futures contracts rather than the cryptocurrency itself, also hold significant market share but generally come with higher fees. Leading futures ETFs by holdings and fees include:
In terms of performance, many of the top spot Bitcoin ETFs have delivered strong year-to-date returns around 50% in 2025, including iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Franklin Bitcoin ETF (EZBC). This performance, combined with their large holdings and low fees, reinforces their leading positions.
In summary, the Bitcoin ETFs expected to dominate in 2025 based on holdings and fees are primarily spot Bitcoin ETFs such as iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Mini Trust (GBTC), which offer large asset bases and low expense ratios around 0.15% to 0.25%. Meanwhile, futures-based ETFs like 2x Bitcoin Strategy ETF (BITX) and ProShares Bitcoin Strategy ETF (BITO) maintain significant presence despite higher fees, appealing to investors with different strategies. This diverse ecosystem reflects the maturation of Bitcoin investment products and growing institutional interest in 2025.
- iShares Bitcoin Trust (IBIT), Spot Bitcoin ETF from BlackRock is the largest spot Bitcoin ETF with approximately $79.66 billion in assets and a low expense ratio of 0.25%. Its large AUM and institutional backing position it as the dominant player in the spot Bitcoin ETF market.
- Fidelity Wise Origin Bitcoin Fund (FBTC), with around $22.25 billion in holdings and a 0.25% fee, appealing to traditional investors seeking direct Bitcoin exposure.
- Grayscale Bitcoin Mini Trust (GBTC), holding about $20.03 billion with an exceptionally low fee of 0.15%, making it attractive for cost-conscious investors.
- ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB), each with several billion in assets and expense ratios around 0.20% to 0.21%, offering competitive alternatives.
- VanEck Bitcoin Trust (HODL), with $1.7 billion in assets and a 0.20% fee that is currently waived until early 2026, supporting its growth and appeal.
On the other hand, Bitcoin futures strategy ETFs, which invest in Bitcoin futures contracts rather than the cryptocurrency itself, also hold significant market share but generally come with higher fees. Leading futures ETFs by holdings and fees include:
- 2x Bitcoin Strategy ETF (BITX), with $2.93 billion in assets and a higher expense ratio of 1.85%, offering leveraged exposure to Bitcoin futures.
- ProShares Bitcoin Strategy ETF (BITO), one of the largest futures-based ETFs with $2.68 billion in holdings and a 0.95% fee.
- ProShares Ultra Bitcoin ETF (BITU), with $708 million in assets and a 0.95% expense ratio, providing leveraged futures exposure.
- Other notable futures-related ETFs include Valkyrie Bitcoin Miners ETF (WGMI), focusing on Bitcoin mining stocks with a 0.75% fee and $142 million in assets, and Global X Blockchain & Bitcoin Strategy ETF (BITS), combining Bitcoin futures and blockchain stocks at a 0.65% fee.
In terms of performance, many of the top spot Bitcoin ETFs have delivered strong year-to-date returns around 50% in 2025, including iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Franklin Bitcoin ETF (EZBC). This performance, combined with their large holdings and low fees, reinforces their leading positions.
In summary, the Bitcoin ETFs expected to dominate in 2025 based on holdings and fees are primarily spot Bitcoin ETFs such as iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Mini Trust (GBTC), which offer large asset bases and low expense ratios around 0.15% to 0.25%. Meanwhile, futures-based ETFs like 2x Bitcoin Strategy ETF (BITX) and ProShares Bitcoin Strategy ETF (BITO) maintain significant presence despite higher fees, appealing to investors with different strategies. This diverse ecosystem reflects the maturation of Bitcoin investment products and growing institutional interest in 2025.
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