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GBTCvsFBTCETF Comparison

ETF 1
GBTC

Grayscale Bitcoin Trust ETF

This fund is part of
Cryptocurrency
-0.83%
VS
ETF 2
FBTC

Fidelity Wise Origin Bitcoin Fund

This fund is part of
Cryptocurrency
-0.83%

Grayscale Bitcoin Trust ETF (GBTC) and Fidelity Wise Origin Bitcoin Fund (FBTC) belong to the same industry segment: Cryptocurrency. GBTC is more expensive with a Total Expense Ratio (TER) of 1.5%, versus 0.25% for FBTC. GBTC is down -32.85% year-to-date (YTD) with -$1.88B in YTD flows. FBTC performs better with -32.26% YTD performance, and -$1.75B in YTD flows. Run a side-by-side ETF comparison of GBTC and FBTC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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GBTC vs FBTC performance and flow charts

Performance

-20.0-15.0-10.0-5.00.0%May 26Jun 2Jun 9Jun 16Jun 23

Cumulative Flows

-700 M-600 M-500 M-400 M-300 M-200 M-100 M0 MMay 26Jun 2Jun 9Jun 16Jun 23

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Historic performance and flows
Data as of 06/25/2026
1M3MYTD1Y3Y5Y
Perf.
GBTC
FBTC
-22.11%-21.88%
-16.73%-16.50%
-32.85%-32.26%
-45.89%-45.18%
n/an/a
n/an/a
Flows
GBTC
FBTC
-$694M-$381M
-$1.15B-$568M
-$1.88B-$1.75B
-$3.89B-$1.15B
--
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
GBTC
FBTC
+38.84%+40.26%
+44.43%+44.74%
n/an/a
n/an/a
Max drawdown
GBTC
FBTC
-27.87%-27.74%
-53.31%-52.96%
n/an/a
n/an/a
Max drawdown duration
GBTC
FBTC
45d45d
262d262d
n/an/a
n/an/a
Trading data

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GBTC
FBTC
Last sale
6/26/2026 at 1:30 PM
$46.28
$51.98
Previous close
06/22/2026
$45.90
$51.47
Consolidated volume
06/22/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of May 29, 2026
1-year trailing difference

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GBTC
FBTC
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 6/26/2026 at 1:30 PM
Live
Closed
GBTC
FBTC
Last price
$46.28
$51.98
1D performance
+0.83%
+0.99%
AuM$8.17 B$10.61 B
E/R1.5%0.25%
Characteristics
GBTC
FBTC
Management strategyPassivePassive
ProviderGrayscaleFidelity
BenchmarkCoinDesk Bitcoin Benchmark RateFidelity Bitcoin Reference Rate
N° of holdings--
Asset class--
Trailing 12m distribution yield
Join
Join
Inception dateJanuary 11, 2024January 11, 2024
ESGNoNo
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Exposure

Countries

GBTC
Data will be available soon
FBTC
Data will be available soon

Sectors

GBTC
Data will be available soon
FBTC
Data will be available soon

Diversification

GBTC
Data will be available soon
FBTC
Data will be available soon

Top 15 holdings

Data as of January 1, 1970
GBTC
Data will be available soon
FBTC
Data will be available soon
Frequently asked questions about GBTC and FBTC

How have the GBTC and FBTC ETFs performed in 2026?

As of June 25, 2026, GBTC is down -32.85% year-to-date (YTD), while FBTC has lost -32.26%. That puts FBTC better performer ahead so far this year.

Which ETF is attracting more investor money: GBTC or FBTC?

Year-to-date, the GBTC ETF saw -$1.88B in flows, compared to -$1.75B for FBTC.

Which ETF is more volatile: GBTC or FBTC?

Over the past year, GBTC had a volatility of 44.43%, while FBTC experienced 44.74%.

Which ETF is bigger: GBTC or FBTC?

As of June 25, 2026, GBTC holds $8.17 B in assets under management (AUM), while FBTC manages $10.61 B.

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