Grayscale Bitcoin Trust ETF (GBTC) 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 GBTC. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GBTC
GBTC charges 1.50% annually. There are 101 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% | 281.21M | Apr 2026 | GBTC vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.37B | Jul 2024 | GBTC vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.48B | Jul 2024 | GBTC vs ETH | |
| Franklin Bitcoin ETF | 0.19% | 358.90M | Jan 2024 | GBTC vs EZBC | |
| Franklin Crypto Index ETF | 0.19% | 12.43M | Feb 2025 | GBTC vs EZPZ |
Best Risk-Adjusted Alternatives to GBTC
GBTC has a PortfoliosLab risk / return rank of 2. There are 57 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 91 | — | Oct 2017 | GBTC vs ZCSH | |
| Valkyrie Bitcoin Miners ETF | 79 | 395.17M | Feb 2022 | GBTC vs WGMI | |
| ProShares Shrt Bitcoin ETF | 41 | 127.37M | Jun 2022 | GBTC vs BITI | |
| Proshares Ultrashort Bitcoin ETF | 36 | 188.94M | Apr 2024 | GBTC vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 31 | — | Jul 2024 | GBTC vs BTCZ |
Top Performing GBTC Alternatives (YTD)
GBTC is at -32.11% YTD. There are 44 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 92.11%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares UltraShort Ether ETF | 92.11% | 76.32M | Jun 2024 | GBTC vs ETHD | |
| Valkyrie Bitcoin Miners ETF | 74.44% | 395.17M | Feb 2022 | GBTC vs WGMI | |
| Proshares Ultrashort Bitcoin ETF | 57.69% | 188.94M | Apr 2024 | GBTC vs SBIT | |
| ProShares Short Ether Strategy ETF | 55.72% | 20.27M | Nov 2023 | GBTC vs SETH | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 52.26% | — | Jul 2024 | GBTC vs BTCZ |
Lowest Volatility Alternatives to GBTC
GBTC has 44.38% 1-year volatility. There are 32 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 2.06%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.06% | — | Oct 2025 | GBTC vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.82% | — | Oct 2025 | GBTC vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.92% | — | Oct 2025 | GBTC vs CBXO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 12.28% | 7.61M | Sep 2025 | GBTC vs BFOC | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 12.34% | — | Oct 2025 | GBTC vs CBTO |
Lowest Drawdown Alternatives to GBTC
GBTC has a 1-year max drawdown of -52.85%. There are 31 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -11.95%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -11.95% | 22.14M | Aug 2022 | GBTC vs BCDF | |
| REX Crypto Equity Premium Income ETF | -22.47% | 112.87M | Dec 2024 | GBTC vs CEPI | |
| ProShares Shrt Bitcoin ETF | -25.28% | 127.37M | Jun 2022 | GBTC vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -26.45% | 1.50M | Mar 2024 | GBTC vs BTRN | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | -26.51% | 17.91M | Mar 2023 | GBTC vs BITC |
Other ETFs from Grayscale
The 10 most viewed Grayscale ETFs shown here include ETHE, GDLC, GFOF and span 3 categories. AUM among these funds goes as high as $1B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Grayscale Ethereum Trust ETF | Cryptocurrency | 5 | -47.00% | 1.33B | Dec 2017 | GBTC vs ETHE | |
| Grayscale CoinDesk Crypto 5 ETF | Cryptocurrency | 3 | -35.19% | 317.85M | Feb 2018 | GBTC vs GDLC | |
| Grayscale Future of Finance ETF | Blockchain, Technology Equities | — | — | 6.70M | Feb 2022 | GBTC vs GFOF | |
| Grayscale Chainlink Trust ETF | Cryptocurrency, Blockchain | 4 | -41.16% | 79.87M | Feb 2021 | GBTC vs GLNK | |
| Grayscale Bitcoin Miners ETF | Blockchain | 40 | 49.75% | 20.37M | Jan 2025 | GBTC vs MNRS | |
| Grayscale Litecoin Trust | Cryptocurrency | 3 | -49.10% | — | Aug 2020 | GBTC vs LTCN | |
| Grayscale Solana Staking ETF | Cryptocurrency | — | — | 95.05M | Nov 2021 | GBTC vs GSOL | |
| Grayscale Ethereum Classic Trust (ETC) | Cryptocurrency, Blockchain | 3 | -40.33% | 141.12M | Apr 2017 | GBTC vs ETCG | |
| Grayscale Sui Staking ETF | Cryptocurrency | — | -50.18% | 21.04M | Feb 2026 | GBTC vs GSUI | |
| Grayscale Ethereum Covered Call ETF | Cryptocurrency | — | -40.01% | 4.17M | Sep 2025 | GBTC vs ETCO |
Often Compared With GBTC
Investors most often compare GBTC with IBIT, BTC-USD, MSTR. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare GBTC with Any Fund or Stock
Compare GBTC with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GBTC with funds that move differently
Grayscale Bitcoin Trust ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GBTC.
Explore GBTC Diversifiers