Best Bitcoin ETFs of 2025: Should You Buy Today?

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.

What Is a Spot Bitcoin ETF?

Spot Bitcoin ETFs, which first began trading on U.S. exchanges Jan. 11, 2024, are exchange-traded funds that track the price of Bitcoin by directly holding the cryptocurrency itself, unlike the futures-based Bitcoin ETFs that have traded on exchanges since 2021.

When an investor buys shares of a spot Bitcoin ETF, they are buying a portion of the Bitcoin held by the fund. Thus, a spot Bitcoin fund works in a similar way as a physically backed gold ETF.

How to Choose the Best Spot Bitcoin ETF 

Choosing the best spot Bitcoin ETF involves several factors related to the fund’s expenses, assets under management, liquidity and issuer.

Expense Ratio


Compare the expense ratios of different spot Bitcoin ETFs. Lower expenses are generally more favorable for investors, as they directly affect the overall return, and they are especially relevant for comparing ETFs that track the same benchmark asset.

Size of the Fund (AUM)

Higher assets under management, or AUM, may indicate greater investor confidence and acceptance of the ETF, and higher assets generally translate to greater liquidity and higher trading volume.

Liquidity

Higher liquidity, which can be simply defined as how quickly and easily and investment security can be bought and sold, typically results in narrower bid-ask spreads, reducing trading costs for investors.

Issuer Reputation

Choose a spot Bitcoin ETF from a reputable issuer with a track record of managing exchange-traded funds, specifically crypto-related ETFs and spot commodity funds. Well-established issuers often have the expertise and infrastructure to manage assets effectively and have demonstrated their ability to track benchmark assets and indexes tightly.

Top Bitcoin ETFs

Here is a focused list of Bitcoin ETFs in 2025, organized by region and ETF type: spot physical, futures-based, and mining-focused.

United States Spot Bitcoin ETFs (Direct Exposure)

  • 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 Trust (GBTC) — Fee: 1.50% (1)

  • 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.

United States Futures-Based Bitcoin ETFs

  • ProShares Bitcoin Strategy ETF (BITO) — Most liquid futures ETF, fee: 0.95%

  • Valkyrie Bitcoin Strategy ETF (BTF) — Tactical exposure, fee: 1.25%

  • VanEck Bitcoin Strategy ETF (XBTF) — Focused on tax efficiency

  • Global X Blockchain & Bitcoin Strategy ETF (BITS) — 0.65%, invests in both futures and blockchain stocks (123)

  • 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 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.

United States Mining/Blockchain ETFs

  • Valkyrie Bitcoin Miners ETF (WGMI) — 0.75% fee, invests in public mining companies; noted as a significant underperformer in 2025, down 43% year-to-date (143)

  • Grayscale Bitcoin Miners ETF (MNRS) — Tracks basket of mining equities (5)

  • Global X Blockchain & Bitcoin Strategy ETF (BITS) — Mix of futures and mining (3)

Europe: Physically Backed (ETP/ETN) Products

  • BlackRock iShares Bitcoin ETP (IB1T) — Launched in 2025, listed on Xetra, Euronext Paris/Amsterdam; fee: 0.15% (waived until Dec 31, 2025), then 0.25% (678

  • CoinShares Physical Bitcoin (BITC / GB00BLD4ZL17) — Largest European ETP, about €1.25B AUM, fee: 0.25%

  • WisdomTree Physical Bitcoin (BTCW / GB00BJYDH287) — €1.2B AUM, fee: 0.15%

  • 21Shares Bitcoin ETP (ABTC / CH0454664001) — Over €860M AUM, fee: 1.49%

  • Note: European “ETF” products are technically ETNs/ETPs due to regulatory requirements, but are physically backed and functionally similar. (697108)

Canada: Spot Bitcoin ETFs

  • Purpose Bitcoin ETF (BTCC) — First physically settled Bitcoin ETF (AUM and fees vary)

  • Other Providers: 3iQ CoinShares Bitcoin ETF, CI Galaxy Bitcoin ETF

Hong Kong / Asia: Spot Bitcoin ETFs

  • CSOP Bitcoin Futures ETF (3066.HK) — Futures-based, launched 2024

  • Multiple spot and futures-based products approved in 2024–25 (2)


Should You Buy Bitcoin ETFs Today (August 2025)?

Key Points:

  • Bitcoin Price Context: Bitcoin surged over 60% year-to-date, on the back of institutional inflows, last year’s U.S. spot ETF approvals, and global regulatory clarity. Volatility remains high but drawdowns have been milder than previous cycles.

  • Main Reasons to Buy:

    • Regulated, Simple Access: Spot ETFs like IBIT, FBTC, and BITB offer safe, direct exposure with daily liquidity—no keys or wallets required.

    • Low Fees: Fees have compressed as competition heated up, benefiting the investor.

    • Portfolio Diversification: Bitcoin’s historic low correlation to equities and bonds makes it a compelling non-traditional asset class.

    • Strong Institutional Endorsement: Institutional adoption has steadily increased, adding legitimacy and stability to the segment.

Risks & Considerations:

  • High Volatility: Daily swings remain pronounced. Past performance is no guarantee—size exposure appropriately.

  • Regulatory News: Unexpected policy shifts in major economies can move markets sharply, either direction.

  • Futures vs. Spot: Stick to spot ETFs (not futures-based) if you want to minimize roll costs and closest price tracking.


By ETF Type

Spot/Physical ETFs & ETPs (directly hold Bitcoin)

  • iShares Bitcoin Trust (IBIT, USA)

  • Fidelity Wise Origin Bitcoin Fund (FBTC, USA)

  • BlackRock iShares Bitcoin ETP (IB1T, Europe)

  • CoinShares Physical Bitcoin ETP (Europe)

  • WisdomTree Physical Bitcoin (Europe)

  • 21Shares Bitcoin ETP (Europe)

  • Purpose Bitcoin ETF (Canada)

Futures-Based ETFs

  • ProShares Bitcoin Strategy ETF (BITO, USA)

  • Valkyrie Bitcoin Strategy ETF (BTF, USA)

  • VanEck Bitcoin Strategy ETF (XBTF, USA)

  • CSOP Bitcoin Futures ETF (Hong Kong)

  • Global X Blockchain & Bitcoin Strategy ETF (BITS, USA)

Mining-Focused ETFs

  • Valkyrie Bitcoin Miners ETF (WGMI, USA)

  • Grayscale Bitcoin Miners ETF (MNRS, USA)

  • Global X Blockchain & Bitcoin Strategy ETF (BITS, USA)


Are Spot Bitcoin ETFs Better Than Futures-Based Bitcoin ETFs?

Spot Bitcoin ETFs generally provide tighter tracking of Bitcoin's price with potentially less volatility compared to futures-based funds. This is because spot Bitcoin ETFs hold actual Bitcoin, whereas futures-based ETFs incur costs and tracking errors from rolling contracts and contango.

For reference, through July 24, 2025, the largest Bitcoin futures ETF, the ProShares Bitcoin Strategy ETF (BITO) provided a 21% year-to-date gain while the largest spot Bitcoin fund, IBIT, rose 25%.

It’s possible that neither fund type is suitable for an investor’s portfolio, as both types have significant inherent risks. As always, choosing an investment depends on an investor’s individual goals and risk tolerance.

How Can Investors Buy Spot Bitcoin ETFs?

Like buying other types of ETFs, investors need an investment account to buy spot Bitcoin ETFs. However, unlike traditional ETFs, spot Bitcoin funds are not available at all brokerage firms, so you’ll need to verify that your broker offers these funds on their platform.

Like investing in stocks or mutual funds, the investment account may be an individual brokerage account, a joint brokerage account or any variety of individual retirement account (IRA).

Once you have the investment account open, you will need to fund it with cash, and you’ll be ready to invest in a spot Bitcoin ETFs.

The Basic Steps to Invest in ETFs

  • Open an investment account.
  • Fund the investment account with cash.
  • Select the ETF(s) to purchase.
  • Execute the trade(s) to buy shares.

Summary

The top spot Bitcoin ETFs (especially IBIT, FBTC, BITB, BlackRock/Europe, Purpose/Canada) remain highly attractive in August 2025 for both new and existing investors seeking regulated, convenient, and cost-effective exposure to digital assets. With healthy liquidity, competitive fees, and broad acceptance, buying today can offer both portfolio diversification and upside potential—but be prepared for price volatility and invest judiciously based on your risk tolerance and goals.

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.

Key Takeaways:

  • For lowest fees and direct price exposure in the U.S., look at IBIT, FBTC, BTC.

  • In Europe, physically backed ETPs like IB1T, CoinShares, and WisdomTree offer low-fee alternatives.

  • U.S. futures-based funds are more suitable for short-term or tactical exposure.

  • Mining ETFs have performed poorly in 2025 due to elevated network costs and weak miner equity prices (4).

  • Regional availability and regulatory structures vary; European “ETFs” are often technically ETNs/ETPs but strongly collateralized.

Always check the most current fees, AUM, and performance before investing, as the landscape is evolving rapidly in 2025 (16243978).


Sources and References:

  1. https://www.nerdwallet.com/article/investing/spot-bitcoin-etf
  2. https://www.bitget.com/academy/how-to-invest-in-bitcoin-etfs-spot-and-futures-2025
  3. https://www.stashaway.my/r/bitcoin-etf-list-spot-and-futures-bitcoin
  4. https://www.coindesk.com/markets/2025/03/31/coinshares-s-bitcoin-mining-etf-is-the-worst-performing-fund-of-this-year
  5. https://etfs.grayscale.com/mnrs
  6. https://www.coindesk.com/markets/2025/03/25/blackrock-to-list-bitcoin-etp-in-europe-in-first-crypto-foray-outside-u-s
  7. https://www.etfstream.com/articles/blackrock-debuts-physical-bitcoin-etp-in-europe
  8. https://www.ishares.com/uk/professional/en/products/337088/
  9. https://www.eupersonalfinance.eu/articles/best-bitcoin-etfs-europe
  10. https://www.justetf.com/en/how-to/invest-in-bitcoin.html
  11. https://www.investopedia.com/where-to-buy-the-new-spot-bitcoin-etfs-8557203
  12. https://coinshares.com/us/etf/wgmi/
  13. https://www.bankrate.com/investing/best-bitcoin-etfs/
  14. https://www.cnbc.com/2025/01/06/new-etfs-that-combine-bitcoin-exposure-and-options-are-coming-in-2025.html
  15. https://etfdb.com/themes/bitcoin-etfs/
  16. https://www.justetf.com/en/market-overview/the-best-etfs.html
  17. https://www.reuters.com/technology/cryptoverse-next-wave-us-crypto-etfs-already-pipeline-2025-01-10/
  18. https://thecurrencyanalytics.com/bitcoin/bitcoin-price-outlook-for-august-2025-impact-of-miner-activity-and-institutional-demand-188107
  19. https://finance.yahoo.com/news/bitcoin-etf-75-12-months-124100666.html
  20. https://tradeforgood.com.au/learn/top-performing-crypto-etfs-2025/

Disclaimer

The information presented in this article is intended for general informational purposes only and should not be construed as professional financial or investment advice. The revenue figures, company rankings, and projections are based on publicly available data, company reports, and industry estimates as of 2025. All currency conversions, where applicable, are based on annual average exchange rates.

While efforts have been made to ensure the accuracy and timeliness of the information, One Day Advisor and the article’s authors do not guarantee the completeness, reliability, or suitability of the content for any particular purpose. Readers are encouraged to verify details independently and consult qualified professionals before making any business, investment, or healthcare decisions based on the information provided.

The article may reference ongoing developments, regulatory actions, or market events that are subject to change. One Day Advisor is not responsible for any losses or damages arising from the use of this information.


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