Last Updated: December 5, 2024
With the U.S. SEC and Hong Kong’s Securities and Futures Commission (SFC) approving Bitcoin spot ETFs, a wave of new investment products has emerged. Including Bitcoin futures, derivatives, inverse ETFs, and more, there are now over 30 Bitcoin-related ETFs traded in Hong Kong and U.S. stock markets. This guide provides a detailed comparison to help you navigate these opportunities.
Bitcoin ETFs in Hong Kong
As of August 2024, Hong Kong’s Bitcoin spot ETFs have surpassed HK$2 billion in total assets under management (AUM). Below is a comparison of the top offerings:
| ETF Name (Ticker) | Type | Management Fee (%) |
|---|---|---|
| Harvest Bitcoin Spot ETF (3439) | Spot | 0.30% |
| ChinaAMC Bitcoin ETF (3042) | Spot | 0.99% |
| Bosera HashKey Bitcoin ETF (3008) | Spot | 0.60% |
| Samsung Bitcoin Futures ETF (3135) | Futures | 0.89% |
| CSOP Bitcoin Futures ETF (3066) | Futures | 1.99% |
Key Insights:
- Harvest ETF (3439) offers the lowest fee (0.30%).
- ChinaAMC ETF (3042) leads in AUM but charges higher fees.
- Futures-based ETFs (e.g., Samsung, CSOP) are costlier due to rolling contracts.
Bitcoin ETFs in the U.S.
The U.S. market features lower fees (0.15%–1.50%) and higher liquidity. Notably, iShares Bitcoin Trust (IBIT) overtook Grayscale Bitcoin Trust (GBTC) in AUM by December 2024, prompting Grayscale to launch a low-fee competitor (Grayscale Bitcoin Mini Trust, 0.15%).
Top U.S. Spot Bitcoin ETFs
| ETF Name (Ticker) | Fee (%) |
|---|---|
| Grayscale Bitcoin Mini Trust (BTC) | 0.15% |
| Franklin Templeton (EZBC) | 0.19% |
| Bitwise Bitcoin ETF (BITB) | 0.20% |
| iShares Bitcoin Trust (IBIT) | 0.25% |
Futures and Specialty Bitcoin ETFs
| ETF Name (Ticker) | Type | Fee (%) |
|---|---|---|
| ProShares Bitcoin Strategy (BITO) | Futures | 0.95% |
| Valkyrie Bitcoin Miners (WGMI) | Mining Companies | 0.75% |
| YieldMax Bitcoin Option (YBIT) | Options Strategy | 0.99% |
👉 Explore low-fee Bitcoin ETFs
Bitcoin Spot vs. Futures ETFs: Key Differences
- Spot ETFs: Directly hold Bitcoin, tracking its price. Example: IBIT.
- Futures ETFs: Invest in Bitcoin futures contracts (e.g., CME), requiring monthly rollovers, which add costs. Example: BITO.
Pros of Spot ETFs:
- Lower tracking error.
- No rollover costs.
Pros of Futures ETFs:
- Accessible in markets where spot ETFs are unapproved.
How to Choose the Best Bitcoin ETF
Consider:
- Fees: Grayscale Mini Trust (0.15%) vs. iShares (0.25%).
- Liquidity: IBIT trades $1B+ daily.
- Investment Goals: Long-term holders prioritize low fees; traders need liquidity.
Remember: No single ETF suits everyone.
Risks of Bitcoin ETFs
- Volatility: Bitcoin’s price swings 10%+ daily.
- Tracking Error: ETF prices may lag spot prices.
- Regulatory Risks: Policies may change.
FAQ
Q: Which Bitcoin ETF has the lowest fees?
A: Grayscale Bitcoin Mini Trust (0.15%) in the U.S.; Harvest ETF (0.30%) in Hong Kong.
Q: Are futures ETFs riskier than spot ETFs?
A: Yes, due to rollover costs and compounding risks.
Q: Can I trade Bitcoin ETFs 24/7?
A: No—ETFs trade only during market hours, unlike crypto exchanges.
👉 Start investing in Bitcoin ETFs today
Disclaimer: This is not financial advice. Cryptocurrency investments are high-risk. Past performance ≠ future results.
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