Dividend comparison

IBIT vs BITB: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for iShares Bitcoin Trust ETF and Bitwise Bitcoin ETF Trust, side by side. Updated October 21, 2026.

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IBIT vs BITB: key differences
The short answer, from the latest data on this page.
  • Fees. BITB is cheaper at 0.20% a year versus 0.25% for IBIT. On $10,000 that is $5 a year less in fees.
  • Performance. Over the last 1 year, IBIT returned -25.8% versus -25.8% for BITB, with dividends reinvested. $10,000 would have grown to $7,423 in IBIT and $7,421 in BITB.
  • Risk. Their worst declines over the last 1 year were similar: -53.3% for IBIT and -53.3% for BITB from peak to trough.
  • Diversification. IBIT holds 1 positions and BITB holds 1.
  • Size. IBIT is the larger fund with $65.6 billion in assets, against $3.1 billion for BITB.

Bottom line: BITB has the edge on these figures, with lower fees. IBIT does not lead on any of the measures compared here.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricIBIT
iShares Bitcoin Trust ETF
BITB
Bitwise Bitcoin ETF Trust
Price$46.71$44.74
Beta2.142.13
Max drawdown (5Y)-53.3%-53.3%
Market cap$65.51B$3.00B
ExchangeNASDAQAMEX
Expense ratio0.25%0.20%
Assets under management$65.64B$3.07B
Number of holdings11
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

IBIT

—/mo

Yield data unavailable

BITB

—/mo

Yield data unavailable

Strategy: Bitcoin
Funds that give exposure to bitcoin, either by holding it directly in custody or through futures contracts. Spot funds that hold the same coins differ mainly in fee and trading liquidity, while futures funds carry extra roll costs. None of them produce income on their own.

Bitcoin has fallen more than 70% from its peak several times, and price swings of 10% in a day are not unusual.

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Jan 11, 2024 would now be worth $17,540 in IBIT and $17,518 in BITB.
PeriodIBITBITB
1 month1.50%1.45%
3 months28.50%28.49%
Year to date-5.92%-5.93%
1 year-25.77%-25.79%
3 years——
5 years——
  • IBIT
  • BITB
76172267202420252026175175

Both series indexed to 100 on 2024-01-11 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • IBIT
  • BITB
0%25%50%75%100%Cash & Others100.0%

Quick verdict

BITB has the edge on these figures, with lower fees. IBIT does not lead on any of the measures compared here. Model the holding inside your real portfolio before deciding.

Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how IBIT vs BITB fits with the rest of your holdings. Free to start — no credit card required for the trial.
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Frequently asked questions

Is IBIT or BITB better for dividend income?
Compare yield, payout sustainability, and how each fund or stock fits your income goals. Use Dividend Wealth to model both holdings inside a real portfolio forecast.
What is the difference between IBIT and BITB?
iShares Bitcoin Trust ETF (IBIT) is an ETF listed on NASDAQ. Bitwise Bitcoin ETF Trust (BITB) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, IBIT or BITB?
BITB has the lower expense ratio. IBIT charges 0.25% a year and BITB charges 0.20%, a difference of $5 a year on a $10,000 investment.
Which has performed better, IBIT or BITB?
Over the last 1 year, IBIT has the higher total return with dividends reinvested: IBIT returned -25.8% and BITB returned -25.8%. Past performance does not predict future returns.
Which is riskier, IBIT or BITB?
Measured by the worst peak-to-trough decline over the last five years, BITB has been riskier: IBIT fell as much as 53.3% and BITB as much as 53.3%. Their betas are 2.14 and 2.13.
Can I hold both IBIT and BITB?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare IBIT vs BITB with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how IBIT and BITB fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.