Bitcoin ETF list: every US spot fund, ticker and fee

The full list of US spot Bitcoin ETFs

Every fund below holds bitcoin itself, in cold storage, with a qualified custodian. None of them uses futures contracts, and none holds its exposure through another fund. They are ordered by size, because size is what drives the spread you pay each time you trade.

One warning about the assets column before you read it. These trusts are, functionally, one asset in a wrapper, so their assets under management move with the bitcoin price rather than with investor behaviour. Bitcoin rose about 25% during August 2026 alone. A dollar figure from three weeks ago can be badly wrong today, which is why the bitcoin holdings column matters more — coin counts only change when investors actually buy or sell.

Ranked by cost, which is the only ranking that compounds

Bitcoin is bitcoin. These funds all hold the same asset, most of them at the same custodian, and they track the same price. That leaves cost as the one durable difference between them — and the gap between the cheapest and the most expensive is a factor of more than ten.

Two things stand out. The first is GBTC. At 1.50% it costs $375 a year on a $25,000 position against $35 for Morgan Stanley's MSBT — for an identical asset, held in comparable custody, tracking the same index. Grayscale has watched roughly $17.5bn walk out of that fund since it converted, and it has shed something like 447,000 bitcoin. Its own answer was to launch the Mini Trust at a tenth of the price.

The second is VanEck's HODL, and it is the most instructive story on this page. HODL waived its fee entirely on the first $2.5bn of assets — a genuinely aggressive offer. But the waiver was written to expire on 31 July 2026 regardless of whether the fund got there, and it did not: HODL held about $1.1bn on the day it lapsed, roughly 43% of the threshold. Everyone holding it woke up on 1 August paying the full 0.20%. If you chose a fund on the strength of a waiver, go and read the expiry terms today.

Where each fund is listed, and why it matters slightly

US spot Bitcoin ETFs trade on three venues: Nasdaq, NYSE Arca and Cboe BZX. In practice this makes almost no difference to a retail investor — your broker routes the order, all three are national securities exchanges with equivalent surveillance obligations, and the funds are fungible across venues through the national market system.

Where it does matter is regulatory plumbing. Each exchange lists these products under its own rule — NYSE Arca Rule 8.201-E, Nasdaq Rule 5711(d), Cboe BZX Rule 14.11(e)(4) — and it was those rules that the SEC amended in September 2025 to create generic listing standards. Knowing which rule governs a fund tells you which filings to read when something changes.

Who actually holds the bitcoin

This is the part of the category that deserves more scrutiny than it gets. Roughly 80% of all the bitcoin held inside US ETFs sits with a single custodian: Coinbase Custody Trust Company. That is not a scandal — Coinbase Custody is a New York-chartered limited-purpose trust company with a long institutional track record, and the alternatives at that scale are few. But concentration is concentration, and it is worth knowing that you own it.

Two funds break the pattern in ways worth understanding. Fidelity's FBTC is the only fund whose custodian is an affiliate of its own sponsor — Fidelity Digital Assets holds the coins in-house. That removes the Coinbase dependency entirely, and replaces it with a different question about whether you prefer custody to be independent of the sponsor. ARK 21Shares' ARKB takes the opposite approach and spreads holdings across three custodians: Anchorage Digital Bank, BitGo and Coinbase Custody. It is the clearest structural answer to concentration risk available in the category.

Custody and oversight

Funds that have closed

For two and a half years the category had a perfect survival record. That ended in August 2026.

The lesson is not that these funds are unsafe. A liquidation is orderly: the trust sells its bitcoin, and shareholders are paid out in cash. The problem is that the payout is a taxable event on a date you did not choose, and if you were sitting on a gain in a taxable account, you now owe tax on it. That is a real cost of holding a fund that never reached scale. Several of the smaller funds on this page sit in the range where a sponsor has to think hard about whether the revenue covers the audit, the custody and the listing.

How to choose between them

For most people this is a shorter decision than it looks, because the funds are genuinely interchangeable in what they hold. What differs is cost, liquidity and custody arrangement.

1. Decide whether you are buying once or contributing monthly

   Buy once and hold for a decade and the expense ratio dominates — take the cheapest fund with adequate liquidity. Contribute every month and you cross the spread twelve times a year, which pushes you towards the most liquid fund even at a slightly higher fee.

2. Check the fee is a real fee, not a waiver with a countdown

   HODL's holders learned this the hard way. A waiver tied to an asset threshold or a date can lapse without any action on your part. Read the current prospectus rather than a comparison table written eighteen months ago.

3. Decide how much the custody arrangement matters to you

   If concentration at a single custodian bothers you, FBTC and ARKB are the two funds that answer it — one by self-custodying, one by splitting across three providers. If it does not bother you, this factor drops out and you are back to cost.

4. Avoid the smallest funds unless you have a specific reason

   Wider spreads, thinner options markets and a genuine possibility of liquidation. The DEFI wind-down showed what that looks like in practice.

5. Place a limit order, not a market order

   Especially in the first and last fifteen minutes of the session, when spreads widen and the fund's own indicative value is least reliable. Our order types guide covers the mechanics.

What this list deliberately excludes

Search results for "bitcoin ETF list" are full of tables that quietly mix incompatible products together. A futures fund, a 2x fund and a miner ETF are not substitutes for a spot fund, and putting them in one table produces something that looks informative and is not. Each category has its own page here:

• Futures funds hold CME contracts and pay to roll them — see Bitcoin futures ETFs.
• Leveraged funds target twice the daily move and reset every session — see leveraged Bitcoin ETFs.
• Inverse funds profit when bitcoin falls — see inverse and short Bitcoin ETFs.
• Covered call funds sell options for income, often without holding any bitcoin at all — see Bitcoin income ETFs.
• Mining and crypto equity funds hold company shares, not coins — see Bitcoin mining ETFs.
• Funds listed outside the US are a separate market with separate tax consequences — see global listings.

If you want the whole universe in one place rather than split by structure, the crypto ETF list covers every category including ether, Solana, XRP and index products.