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The complete US spot Bitcoin ETF list

Every US spot Bitcoin ETF in one table — tickers, sponsor fees from 0.14% to 1.50%, net assets, custodians and listing venues, verified against issuer disclosures in September 2026.

Twelve exchange-traded products in the United States hold actual bitcoin and issue shares against it. Eleven of them opened for business on the same morning — 11 January 2024 — which is why so much of the commentary treats them as interchangeable. They are not. The spread between the cheapest and the most expensive is a factor of ten. One fund custodies its own coins while nine use the same third-party custodian. Two of them absorb roughly four out of every five new dollars entering the category.

This page is the reference table, kept current against issuer fact sheets and SEC filings. Everything below the table explains what the columns actually mean, because a list of tickers without that context is how people end up in a 1.50% fund holding the identical asset as a 0.15% one.

The full list of US spot Bitcoin ETFs

Sorted by net assets, largest first. Sponsor fee is the figure each issuer discloses as its annual management or sponsor fee; several funds have run temporary waivers, and where one is active we note it in the fund column.

How to read the columns

Sponsor fee

The annual percentage the issuer deducts for running the trust. It is not billed to you — the trust sells a sliver of its bitcoin to cover it, which is why your share's underlying bitcoin balance drifts down slowly over time. A 0.25% fee on a $20,000 position costs about $50 a year, charged invisibly. Details, including the tax quirk those sales create, are in fees and expense ratios.

Net assets

The market value of the bitcoin the trust holds, less liabilities. It tells you about the fund's scale and, indirectly, its liquidity — but it is a poor proxy for performance, and a large fund is not automatically a better one. We unpack the traps in AUM and market share explained.

Custodian

The entity that actually holds the private keys. Nine of the twelve funds use Coinbase Custody in some capacity. Fidelity is the notable exception — it self-custodies through Fidelity Digital Assets, its own regulated custodian. BlackRock added Anchorage Digital alongside Coinbase for IBIT, and CoinShares splits between Coinbase and BitGo. See custody explained for why this concentration is discussed so often.

Listed on

Three venues carry the category: Nasdaq, NYSE Arca and Cboe BZX. The listing exchange has almost no practical effect on you as a buyer — your broker routes the order and the National Best Bid and Offer applies across venues — but it determines which exchange rulebook governs the listing.

A two-tier market has formed

Look at the net assets column and the structure jumps out. IBIT alone is roughly four times the size of the third-largest fund. Bloomberg Intelligence found that 83% of new spot Bitcoin ETF inflows in the first quarter of 2026 went to either IBIT or FBTC. Everything from BTCO downwards is running well under a billion dollars, more than two and a half years after launch.

This is normal for exchange-traded products. Liquidity is self-reinforcing: tighter spreads pull in more volume, more volume funds more market makers, more market makers tighten the spread. IBIT trades tens of millions of shares a day with a 30-day median bid-ask spread near 0.02%. ARKB, a perfectly respectable fund with a lower sponsor fee, has been quoted around 0.05% — more than double.

Whether that gap matters depends entirely on how you trade. Buy once and hold five years and the spread is a rounding error while the fee compounds. Trade monthly and the arithmetic flips: a 0.03 percentage-point spread difference paid twenty-four times a year swamps a 0.05 percentage-point fee advantage. We work through both cases in how to choose a Bitcoin ETF.

The fee ladder, and the one outlier

Morgan Stanley entered in April 2026 at 0.14% — deliberately undercutting everyone, including BlackRock at 0.25%. Grayscale's Mini Trust sits at 0.15%. Then a cluster at 0.19% to 0.25% holds most of the category. And then there is GBTC at 1.50%.

GBTC's fee is the single most consequential number on this page. It is the converted 2013 Grayscale Bitcoin Trust, and its holders are largely people sitting on enormous unrealised gains from buying it years ago, for whom switching funds would trigger a capital gains bill far larger than the fee. Grayscale's answer was the Mini Trust: same asset, same custodian, 0.15%. If you are opening a new position, there is no argument for GBTC over its own sibling. Both are compared directly in our GBTC and Mini Trust profile.

Who actually holds the bitcoin

The trust does not hold bitcoin in any meaningful physical sense. A qualified custodian holds the private keys in cold storage, under a custody agreement that specifies segregation, insurance and audit rights. The concentration is striking: Coinbase Custody appears in nine of the twelve arrangements on this list.

Fidelity is the structural outlier. FBTC's bitcoin sits with Fidelity Digital Asset Services, a New York-chartered limited liability trust company inside the same corporate family as the fund's sponsor. That vertical integration removes a counterparty and adds a related-party relationship — a genuine trade-off rather than an obvious improvement, which we set out in the FBTC profile.

In July 2025 the SEC approved in-kind creations and redemptions for spot bitcoin and ether products, letting authorised participants deliver and receive actual BTC instead of cash. That change tightened spreads and improved tax efficiency at the fund level; the mechanics are in creation and redemption.

Nasdaq, NYSE Arca and Cboe BZX

Cboe BZX carries the most listings in this category, NYSE Arca has Grayscale's pair plus MSBT, and Nasdaq has IBIT and BRRR. All three filed the rule changes that made the January 2024 approvals possible, and all three now operate under the generic listing standards the SEC approved on 17 September 2025 — the rule change that ended case-by-case approval for qualifying commodity-based ETPs and opened the door to the altcoin funds. That history is on the approval timeline and in crypto ETF regulation.

What is deliberately not on this list

• Futures-based funds. BITO and its peers hold CME bitcoin futures, not bitcoin. Different product, different risks — see the BITO profile.
• Inverse and leveraged products. BITI, SBIT and similar reset daily and are trading tools, not holdings. Covered in shorting a Bitcoin ETF.
• Covered-call and income funds. These sell options against bitcoin exposure and trade a slice of the upside for distributions.
• Equity proxies. Miner and exchange baskets hold companies, not coins — see blockchain and crypto equity ETFs.
• Non-US listings. Canadian, European, Australian and Hong Kong products are covered in Bitcoin ETFs by country.

For the multi-asset picture — Ether, Solana, XRP and Dogecoin funds included — go to the full crypto ETF list.