Cryptocurrency ETFs: 6 Current Options

Options for ETFs that offer exposure to multiple cryptocurrencies are still limited, but there are ETFs that offer exposure to the industry, as well as spot Bitcoin ETFs.
Andy Rosen
By Andy Rosen 
Updated
Edited by Chris Davis

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Cryptocurrency ETFs are exchange-traded funds that have some exposure to cryptocurrency assets and can be purchased on major stock exchanges.

ETFs can be an attractive option for people who are looking for passive investments with relatively low fees. Despite the approval of multiple spot Bitcoin ETFs in Jan. 2024, options remain limited for investors who are looking for broad exposure to the cryptocurrency market through one fund.

Most crypto ETFs are still based on derivatives like futures contracts, or offer exposure to companies that own cryptocurrency or operate in the cryptocurrency industry. Here's the current slate of options.

Cryptocurrency stock ETFs

There are ETFs available that are made up of the stock of multiple companies that own cryptocurrency or have some business in the world of cryptocurrency. These ETFs are linked to the world of crypto, but they do not actually own crypto. Instead, they hold shares in companies who have invested in crypto or whose business involves cryptocurrency trading, mining or other services.

Examples of cryptocurrency ETFs

  • Amplify Transformational Data Sharing ETF (BLOK): This fund is focused on blockchain technology. Some of the cryptocurrency stocks in the Amplify fund’s portfolio include CME Group, a financial services company that works with products including Bitcoin and Ethereum and Coinbase Global Inc.

  • First Trust Indxx Innovative Transaction & Process ETF (LEGR): This fund aims to track the investment performance of the Indxx Blockchain index. The LEGR ETF holds companies that are developing or using blockchain technology. Top holdings include Intel and AT&T Inc.

  • Siren NASDAQ Economy ETF (BLCN): This index fund is focused on investing in companies that have committed to research, development and usage of blockchain technology. Top holdings include Coinbase and Marathon Digital Holdings.

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Bitcoin ETFs

You can get exposure to Bitcoin through publicly traded spot Bitcoin ETFs, which track the price of Bitcoin and can be purchased through many online brokers. Many Bitcoin ETFs are trying to encourage investment by reducing or waiving their fees for a set period of time. For more information, check out our article on how to buy Bitcoin ETFs.

It’s worth noting, that Bitcoin ETFs don’t give you diversified exposure to cryptocurrency overall, because they only have exposure to one cryptocurrency. But for casual investors who already have a brokerage account, purchasing a Bitcoin ETF can be more straightforward and accessible than purchasing Bitcoin directly.

» Check out the best crypto exchanges

Examples of Bitcoin ETFs

  • Ark 21Shares Bitcoin ETF (ARKB): ARKB charges a management fee of 0.21%, which is on the low side compared to other Bitcoin ETFs

    Ark Invest. ARK 21Shares Bitcoin ETF. Accessed Jan 11, 2024.
    . It is also waiving that fee through July 2024 or until the fund reaches $1 billion in assets.

  • iShares Bitcoin Trust (IBIT): IBIT charges a management fee of 0.25%

    . The fee is reduced to 0.12% until Jan. 2025, or until the fund reaches $5 billion in assets.

  • Fidelity Wise Origin Bitcoin Fund (FBTC): FBTC charges a management fee of 0.25%, which is waived until August 2024

    Fidelity Investments. Fidelity Wise Origin Bitcoin Fund. Accessed Jan 11, 2024.
    .

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Frequently asked questions

ETFs can be helpful tools for investors who want to build a diversified portfolio but who don’t have the time, expertise or confidence to assemble their own basket of investments. While crypto itself should generally be a small part of a diverse mix of asset types, it can also be a good idea to diversify your holdings within cryptocurrency.

When you purchase shares of a crypto ETF, you’re not actually gaining ownership of any cryptocurrency tokens (unless you've purchased a spot Bitcoin ETF). Crypto ETFs allow investors to gain some exposure to the cryptocurrency market indirectly, reducing the expenses and risk level associated with owning crypto tokens themselves..

There are ways to diversify your crypto portfolio without an ETF. For instance, you could work with an investment advisor who has some expertise in crypto. Or you can do the research and buy cryptocurrency yourself.

But ETFs offer a level of simplicity and cost-effectiveness that are attractive to many investors. For instance, you can generally buy ETFs through a traditional brokerage account.

As an asset class, cryptocurrencies are still considered to be a form of alternative investment. In general, a good rule of thumb is that you probably shouldn’t allocate more than 10% of your investment portfolio toward alternative investments including crypto.

A writer and an editor who worked on this article owned Bitcoin at the time of its most recent update.

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