Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) 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 BTOP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BTOP
BTOP charges 0.90% annually. There are 67 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 | BTOP vs MSBT | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.87B | Jul 2024 | BTOP vs ETH | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.89B | Jul 2024 | BTOP vs BTC | |
| Franklin Bitcoin ETF | 0.19% | 426.34M | Jan 2024 | BTOP vs EZBC | |
| Franklin Ethereum ETF | 0.19% | 41.19M | Jul 2024 | BTOP vs EZET |
Best Risk-Adjusted Alternatives to BTOP
BTOP has a PortfoliosLab risk / return rank of 5. There are 17 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 | BTOP vs ZCSH | |
| Valkyrie Bitcoin Miners ETF | 79 | 395.17M | Feb 2022 | BTOP vs WGMI | |
| iShares Blockchain and Tech ETF | 33 | 102.76M | Apr 2022 | BTOP vs IBLC | |
| REX Crypto Equity Premium Income ETF | 32 | — | Dec 2024 | BTOP vs CEPI | |
| ProShares Shrt Bitcoin ETF | 30 | 177.35M | Jun 2022 | BTOP vs BITI |
Top Performing BTOP Alternatives (YTD)
BTOP is at -0.19% YTD. There are 15 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 84.78%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Valkyrie Bitcoin Miners ETF | 84.78% | 395.17M | Feb 2022 | BTOP vs WGMI | |
| ProShares UltraShort Ether ETF | 63.80% | 91.08M | Jun 2024 | BTOP vs ETHD | |
| Grayscale Zcash Trust (ZEC) | 41.32% | — | Oct 2017 | BTOP vs ZCSH | |
| ProShares Short Ether Strategy ETF | 40.93% | 20.06M | Nov 2023 | BTOP vs SETH | |
| Proshares Ultrashort Bitcoin ETF | 37.02% | 203.71M | Apr 2024 | BTOP vs SBIT |
Lowest Volatility Alternatives to BTOP
BTOP has 32.72% 1-year volatility. There are 16 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 | BTOP vs ARKY | |
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.14% | — | Oct 2025 | BTOP vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.88% | — | Oct 2025 | BTOP vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 7.23% | — | Oct 2025 | BTOP vs CBXO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 12.61% | 7.66M | Sep 2025 | BTOP vs BFOC |
Lowest Drawdown Alternatives to BTOP
BTOP has a 1-year max drawdown of -31.35%. There are 6 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -7.63%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -7.63% | 22.49M | Aug 2022 | BTOP vs BCDF | |
| REX Crypto Equity Premium Income ETF | -22.47% | — | Dec 2024 | BTOP vs CEPI | |
| ProShares Shrt Bitcoin ETF | -25.28% | 177.35M | Jun 2022 | BTOP vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.29% | 1.60M | Mar 2024 | BTOP vs BTRN | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | -26.51% | 17.91M | Mar 2023 | BTOP vs BITC |
Other ETFs from Bitwise
The 10 most viewed Bitwise ETFs shown here include AETH, ICOI, IMST and span 3 categories. AUM among these funds goes as high as $560M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Bitwise Ethereum Strategy ETF | Cryptocurrency | 6 | -9.79% | 9.37M | Sep 2023 | BTOP vs AETH | |
| Bitwise COIN Option Income Strategy ETF | Derivative Income | 3 | -22.33% | — | Apr 2025 | BTOP vs ICOI | |
| Bitwise Funds Trust | Derivative Income | 1 | -14.98% | — | Apr 2025 | BTOP vs IMST | |
| Bitwise Ethereum ETF | Cryptocurrency | 5 | -39.45% | 270.25M | Jul 2024 | BTOP vs ETHW | |
| Bitwise XRP ETF | Cryptocurrency | — | -34.50% | 295.91M | Nov 2025 | BTOP vs XRP | |
| Bitwise Bitcoin Standard Corporations ETF | Blockchain | 5 | -1.56% | 22.23M | Mar 2025 | BTOP vs OWNB | |
| Bitwise Ethereum Option Income Strategy ETF | Derivative Income | — | -33.82% | — | Oct 2025 | BTOP vs IETH | |
| Bitwise MARA Option Income Strategy ETF | Derivative Income | 5 | 30.26% | 5.26M | Apr 2025 | BTOP vs IMRA | |
| Bitwise Chainlink ETF | Cryptocurrency | — | — | 6.68M | Jan 2026 | BTOP vs CLNK | |
| Bitwise Solana Staking ETF | Cryptocurrency | — | -40.79% | 560.02M | Oct 2025 | BTOP vs BSOL |
Often Compared With BTOP
Investors most often compare BTOP with BETH, BTF, BITO. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare BTOP with Any Fund or Stock
Compare BTOP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BTOP with funds that move differently
Bitwise Bitcoin And Ether Equal Weight Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BTOP.
Explore BTOP Diversifiers