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 103 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% | 368.03M | Apr 2026 | BTF vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.60B | Jul 2024 | BTF vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.51B | Jul 2024 | BTF vs ETH | |
| Franklin Crypto Index ETF | 0.19% | 12.68M | Feb 2025 | BTF vs EZPZ | |
| Franklin Bitcoin ETF | 0.19% | 331.89M | Jan 2024 | BTF vs EZBC |
Best Risk-Adjusted Alternatives to BTF
BTF has a PortfoliosLab risk / return rank of 3. There are 35 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 95 | — | Oct 2017 | BTF vs ZCSH | |
| ProShares Short Bitcoin ETF | 57 | 115.79M | Jun 2022 | BTF vs BITI | |
| Proshares Ultrashort Bitcoin ETF | 52 | 158.01M | Apr 2024 | BTF vs SBIT | |
| CoinShares Bitcoin Miners ETF | 48 | 395.17M | Feb 2022 | BTF vs WGMI | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 46 | — | Jul 2024 | BTF vs BTCZ |
Top Performing BTF Alternatives (YTD)
BTF is at -35.64% YTD. There are 55 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 47.92%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares UltraShort Ether ETF | 47.92% | 51.90M | Jun 2024 | BTF vs ETHD | |
| Proshares Ultrashort Bitcoin ETF | 44.00% | 158.01M | Apr 2024 | BTF vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 38.95% | — | Jul 2024 | BTF vs BTCZ | |
| ProShares Short Ether Strategy ETF | 37.43% | 17.31M | Nov 2023 | BTF vs SETH | |
| CoinShares Bitcoin Miners ETF | 36.58% | 395.17M | Feb 2022 | BTF vs WGMI |
Lowest Volatility Alternatives to BTF
BTF has 54.67% 1-year volatility. There are 57 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 2.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.01% | — | Oct 2025 | BTF vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.73% | — | Oct 2025 | BTF vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.71% | — | Oct 2025 | BTF vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.96% | — | Oct 2025 | BTF vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.97% | 7.63M | Sep 2025 | BTF vs BFOC |
Lowest Drawdown Alternatives to BTF
BTF has a 1-year max drawdown of -61.55%. There are 43 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% | 22.57M | Aug 2022 | BTF vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.45M | Jun 2025 | BTF vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 112.35M | Dec 2024 | BTF vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 115.79M | Jun 2022 | BTF vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -26.45% | 1.48M | Mar 2024 | BTF vs BTRN |
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