Bitwise Bitcoin ETF (BITB) belongs to the Cryptocurrency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BITB. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BITB
BITB charges 0.20% annually. There are 7 ETFs in the Cryptocurrency category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Bitcoin Trust | 0.14% | 392.19M | Apr 2026 | BITB vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.71B | Jul 2024 | BITB vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.57B | Jul 2024 | BITB vs ETH | |
| Franklin Ethereum ETF | 0.19% | 38.20M | Jul 2024 | BITB vs EZET | |
| Franklin Bitcoin ETF | 0.19% | 354.69M | Jan 2024 | BITB vs EZBC |
Best Risk-Adjusted Alternatives to BITB
BITB has a PortfoliosLab risk / return rank of 1. There are 62 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 96 | — | Oct 2017 | BITB vs ZCSH | |
| ProShares Short Bitcoin ETF | 61 | 129.73M | Jun 2022 | BITB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | 55 | 176.54M | Apr 2024 | BITB vs SBIT | |
| CoinShares Bitcoin Miners ETF | 51 | 240.40M | Feb 2022 | BITB vs WGMI | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 48 | — | Jul 2024 | BITB vs BTCZ |
Top Performing BITB Alternatives (YTD)
BITB is at -28.24% YTD. There are 41 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 39.44%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | 39.44% | 176.54M | Apr 2024 | BITB vs SBIT | |
| CoinShares Bitcoin Miners ETF | 34.47% | 240.40M | Feb 2022 | BITB vs WGMI | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 34.44% | — | Jul 2024 | BITB vs BTCZ | |
| ProShares Short Ether Strategy ETF | 29.72% | 16.03M | Nov 2023 | BITB vs SETH | |
| ProShares UltraShort Ether ETF | 29.25% | 60.61M | Jun 2024 | BITB vs ETHD |
Lowest Volatility Alternatives to BITB
BITB has 44.37% 1-year volatility. There are 40 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 1.95%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 1.95% | — | Oct 2025 | BITB vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.65% | — | Oct 2025 | BITB vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.49% | — | Oct 2025 | BITB vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.56% | — | Oct 2025 | BITB vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.68% | 7.65M | Sep 2025 | BITB vs BFOC |
Lowest Drawdown Alternatives to BITB
BITB has a 1-year max drawdown of -53.33%. There are 27 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -14.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -14.02% | 23.25M | Aug 2022 | BITB vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.44M | Jun 2025 | BITB vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 111.94M | Dec 2024 | BITB vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 129.73M | Jun 2022 | BITB vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.73% | 735.02K | Mar 2024 | BITB vs BTRN |
Other ETFs from Bitwise
The 10 most viewed Bitwise ETFs shown here include BITW, BITQ, BITC and span 4 categories. AUM among these funds goes as high as $619M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Bitwise 10 Crypto Index ETF | Cryptocurrency | 2 | -31.06% | 619.02M | Dec 2025 | BITB vs BITW | |
| Bitwise Crypto Industry Innovators ETF | Blockchain, Technology Equities | 17 | 14.35% | 382.12M | May 2021 | BITB vs BITQ | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | Cryptocurrency | 2 | -1.76% | 14.34M | Mar 2023 | BITB vs BITC | |
| Bitwise Trendwise Ethereum and Treasuries Rotation... | Cryptocurrency | 2 | -15.95% | 4.61M | Sep 2023 | BITB vs AETH | |
| Bitwise COIN Option Income Strategy ETF | Derivative Income | 1 | -22.45% | 19.02M | Apr 2025 | BITB vs ICOI | |
| Bitwise Funds Trust | Derivative Income | 0 | -30.61% | 8.58M | Apr 2025 | BITB vs IMST | |
| Bitwise Ethereum ETF | Cryptocurrency | 3 | -37.28% | 196.02M | Jul 2024 | BITB vs ETHW | |
| Bitwise XRP ETF | Cryptocurrency | — | -42.20% | 315.70M | Nov 2025 | BITB vs XRP | |
| Bitwise Solana Staking ETF | Cryptocurrency | — | -39.21% | 588.17M | Oct 2025 | BITB vs BSOL | |
| Bitwise Bitcoin Standard Corporations ETF | Blockchain | 3 | -21.50% | 13.99M | Mar 2025 | BITB vs OWNB |
Often Compared With BITB
Investors most often compare BITB with IBIT, FBTC, BTC-USD. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare BITB with Any Fund or Stock
Compare BITB with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BITB with funds that move differently
Bitwise Bitcoin ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BITB.
Explore BITB Diversifiers