Valkyrie Bitcoin and Ether Strategy ETF (BTF) 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 BTF. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BTF
BTF charges 1.24% annually. There are 102 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% | — | Apr 2026 | BTF vs MSBT | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.87B | Jul 2024 | BTF vs ETH | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.89B | Jul 2024 | BTF vs BTC | |
| Franklin Bitcoin ETF | 0.19% | 426.34M | Jan 2024 | BTF vs EZBC | |
| Franklin Ethereum ETF | 0.19% | 41.19M | Jul 2024 | BTF vs EZET |
Best Risk-Adjusted Alternatives to BTF
BTF has a PortfoliosLab risk / return rank of 4. There are 30 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 92 | — | Oct 2017 | BTF vs ZCSH | |
| Valkyrie Bitcoin Miners ETF | 82 | 395.17M | Feb 2022 | BTF vs WGMI | |
| iShares Blockchain and Tech ETF | 38 | 102.76M | Apr 2022 | BTF vs IBLC | |
| REX Crypto Equity Premium Income ETF | 37 | — | Dec 2024 | BTF vs CEPI | |
| ProShares Shrt Bitcoin ETF | 27 | 177.35M | Jun 2022 | BTF vs BITI |
Top Performing BTF Alternatives (YTD)
BTF is at -30.57% YTD. There are 58 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 86.86%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Valkyrie Bitcoin Miners ETF | 86.86% | 395.17M | Feb 2022 | BTF vs WGMI | |
| Grayscale Zcash Trust (ZEC) | 49.20% | — | Oct 2017 | BTF vs ZCSH | |
| ProShares UltraShort Ether ETF | 47.23% | 91.08M | Jun 2024 | BTF vs ETHD | |
| iShares Blockchain and Tech ETF | 36.43% | 102.76M | Apr 2022 | BTF vs IBLC | |
| ProShares Short Ether Strategy ETF | 33.42% | 20.06M | Nov 2023 | BTF vs SETH |
Lowest Volatility Alternatives to BTF
BTF has 54.18% 1-year volatility. There are 50 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ARK 21Shares Active Bitcoin Ethereum Strategy ETF | 0.00% | 3.59M | Nov 2023 | BTF vs ARKY | |
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.15% | — | Oct 2025 | BTF vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.89% | — | Oct 2025 | BTF vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 7.25% | — | Oct 2025 | BTF vs CBXO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 12.64% | 7.66M | Sep 2025 | BTF vs BFOC |
Lowest Drawdown Alternatives to BTF
BTF has a 1-year max drawdown of -55.75%. There are 38 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -7.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -7.51% | 22.49M | Aug 2022 | BTF vs BCDF | |
| REX Crypto Equity Premium Income ETF | -22.47% | — | Dec 2024 | BTF vs CEPI | |
| Global X Bitcoin Trend Strategy ETF | -24.27% | 1.60M | Mar 2024 | BTF vs BTRN | |
| ProShares Shrt Bitcoin ETF | -25.28% | 177.35M | Jun 2022 | BTF vs BITI | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | -26.51% | 17.91M | Mar 2023 | BTF vs BITC |
Often Compared With BTF
Investors most often compare BTF with BITO, BETH, IBIT. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare BTF with Any Fund or Stock
Compare BTF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BTF with funds that move differently
Valkyrie Bitcoin and Ether Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BTF.
Explore BTF Diversifiers