In this article, we discuss the 5 best blockchain and bitcoin ETFs. If you want to read our discussion on the cryptocurrency industry, head over to 15 Best Blockchain and Bitcoin ETFs.
5. ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (NYSE:BETH)
5-Year Share Price Performance as of March 15: 118.00%
Placed 5th on our list of the best blockchain and bitcoin ETFs, the ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (NYSE:BETH) is an actively managed fund that aims to match the performance of a market-capitalization weighted basket of Bitcoin and Ether, before deducting fees and expenses. Launched on October 2, 2023, the ETF has an expense ratio of 0.95% as of March 15, 2024.
4. Invesco CoinShares Global Blockchain UCITS ETF (LON:BCHN)
5-Year Share Price Performance as of March 15: 132.80%
The Invesco CoinShares Global Blockchain UCITS ETF (LON:BCHN) seeks to mirror the net total return performance of the CoinShares Blockchain Global Equity Index. This ETF provides exposure to companies worldwide, both in developed and emerging markets, that are involved or have the potential to be involved in the blockchain ecosystem. It is one of the best blockchain and bitcoin ETFs. It was launched on March 8, 2019. As of March 15, 2024, the fund manages assets totaling $682.62 million.
CleanSpark, Inc. (NASDAQ:CLSK) is one of the largest holdings of the Invesco CoinShares Global Blockchain UCITS ETF (LON:BCHN). The company functions as a bitcoin miner in the Americas, owning and managing data centers that mainly operate on low-carbon power sources. On February 8, CleanSpark, Inc. (NASDAQ:CLSK) announced results for the first quarter of fiscal year 2024. The firm reported a GAAP EPS of $0.14 and a revenue of $73.8 million, outperforming Wall Street estimates by $0.38 and $4.05 million, respectively.
As per Insider Monkey’s fourth quarter database, 17 hedge funds were bullish on CleanSpark, Inc. (NASDAQ:CLSK), up from 11 funds in the previous quarter. Israel Englander’s Millennium Management is the largest position holder in the company, with 1.82 million shares valued at $20.03 million.
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3. Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI)
5-Year Share Price Performance as of March 15: 141.53%
Ranked 3rd on our list of the best blockchain and bitcoin ETFs, the Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) aims to provide investors with exposure to Bitcoin while also generating income by selling short-dated put and/or call spreads on different equity and fixed income instruments. This approach is designed to efficiently invest in Bitcoin and potentially generate significant income. The fund was launched on September 29, 2022, and as of March 15, 2024, it has assets totaling $22.85 million, featuring a gross expense ratio of 11.18%.
2. Hashdex Bitcoin Futures ETF (NYSE:DEFI)
5-Year Share Price Performance as of March 15: 221.79%
The Hashdex Bitcoin Futures ETF is one of the best blockchain and bitcoin ETFs. It directly invests in Bitcoin and tracks the performance of the HDEFI – Hashdex U.S. Bitcoin Futures Fund Benchmark Index. Launched on September 15, 2022, the ETF has net assets totaling $28.59 million as of March 15, 2024, with an expense ratio of 0.90%.
1. Grayscale Bitcoin Trust (NYSE:GBTC)
5-Year Share Price Performance as of March 15: 1,186.01%
Grayscale Bitcoin Trust (NYSE:GBTC) is among the pioneering investment options exclusively focused on Bitcoin, placing it among the best blockchain and bitcoin ETFs. It allows investors to access Bitcoin while eliminating the complexities associated with directly purchasing, storing, and securing Bitcoin directly. Grayscale Bitcoin Trust (NYSE:GBTC) tracks the CoinDesk XBX Index. Launched on September 25, 2013, the fund has assets under management totaling $26.18 billion as of March 15, 2024, along with an expense ratio of 1.50%.
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