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Bitcoin vs Spot Bitcoin ETFs — the underlying asset vs its regulated wrapper. AUM, fees, and which to hold.
| Metric | Bitcoin | Spot Bitcoin ETFs (IBIT, FBTC) | Δ |
|---|---|---|---|
| Bitcoin Market Cap | $1.56T | — | — |
| Bitcoin Price | $77.86K | — | — |
| Bitcoin 24h Change | -0.22% | — | — |
| Bitcoin FDV | $1.56T | — | +0.0% |
| Bitcoin ATH | $126.08K | — | — |
Crypto data live from Sharpe's tracker cache; TradFi values are reference benchmarks updated quarterly.
Spot Bitcoin ETFs launched in the US in January 2024. BlackRock's IBIT is the largest with $40B+ AUM; Fidelity's FBTC holds $15B+; other issuers hold smaller amounts. Total spot BTC ETF AUM exceeds $100B+ across all issuers — more than any single non-coinbase custodian held in 2023. ETFs charge 0.19-0.25% expense ratio; holding BTC directly has zero recurring fees. ETF holders get regulated-brokerage access and simple tax treatment; direct BTC holders get self-custody and no counterparty risk. The comparison matters for allocation choice: ETFs suit retirement accounts, institutional mandates, and convenience-focused allocators; direct BTC suits self-custody-focused allocators and long-horizon holders.
Side-by-side crypto comparison with normalized returns
Rolling correlation between crypto and major TradFi benchmarks