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ARKB vs BITB

ARK 21Shares Bitcoin ETF

ARKBBCboe

Bitwise Bitcoin ETF Trust

BITBANYSE Arca

Overlap

Expense ratio

BITB −0.01pt a year

ARKB0.21%BITB0.20%

Avg volume · 30D

ARKB 1.5×the volume

ARKB1.71MBITB1.16M

ARKB vs BITB Performance

Oct 31, 2025 – Oct 30, 2026

−30.3%ARKB−30.3%BITB

Oct 31, 2025 to Oct 30, 2026. ARKB −30.3%. BITB −30.3%. Use the arrow keys to read each point.−20%−10%0%Oct 2025Apr 2026Oct 2026
Expense ratio
ARKB 0.21%
BITB 0.20%, better
Fund size
ARKB $2.91B
BITB $2.82B
1Y total return
ARKB −30.3%
BITB −30.3%
Holdings
ARKB 1
BITB 1
Avg volume (30D)
ARKB 1.71M sh, better
BITB 1.16M sh
NAV per share
ARKB $25.35
BITB $43.81
52W range

ETF.net Grade

ARKB: Cost 59, Risk 46, Mission 100, Tradability 61, Holdings not scored, Durability 57. BITB: Cost 75, Risk 46, Mission 100, Tradability 53, Holdings not scored, Durability 52.
Pillar letters and Scores for ARKB, BITB, with each pillar’s weight
PillarARKBBITB
Cost30% weightB59A75Higher
Mission25% weightA100A100
Risk15% weightC46C46
Tradability15% weightB61HigherC53
Holdings10% weightNot scoredNot scored
Durability5% weightB57HigherC52

Rank among Spot Bitcoin funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ARKB and BITB are both graded against the same 12 Spot Bitcoin funds, so their Grades compare head to head.

Spot Bitcoin⁠

Category · 12 funds
See all 12 ›

BITB ranks 4th and ARKB 6th of 12 funds in the Spot Bitcoin Category.

  1. Rank 1ABTCGrayscale Bitcoin Mini Trust ETFScore 80
  2. Rank 2AMSBTMorgan Stanley Bitcoin Trust ETFScore 79
  3. Rank 3AHODLVanEck Bitcoin ETFScore 74
  4. Rank 4ABITBBitwise Bitcoin ETF TrustScore 72
  5. Rank 5BEZBCFranklin Bitcoin ETFScore 69
  6. Rank 6BARKBARK 21Shares Bitcoin ETFScore 68
  7. Rank 7BFBTCFidelity Wise Origin Bitcoin FundScore 64

Our read on each fund

ETF.net Research

ARKBBARK 21Shares Bitcoin ETF

BITBABitwise Bitcoin ETF Trust

In short

ARKB One of the original spot bitcoin ETFs from the January 2024 class, ARK's version built with 21Shares. It holds actual bitcoin in a grantor trust, tracks the CME CF benchmark, and prices below the category median.

BITB Bitwise was the first US spot bitcoin ETF to publish the blockchain addresses holding its coins, so anyone can verify the stash themselves. Underneath, it's a plain grantor trust: hold bitcoin, subtract expenses, repeat.

Stated mandate

ARKB The Trust seeks to track bitcoin’s performance, measured by the CME CF Bitcoin Reference Rate—New York Variant, after expenses and liabilities. It holds bitcoin and values its shares using the Index.

BITB The Trust seeks to provide exposure to the value of bitcoin held by it, reduced by operating expenses and other liabilities.

Why people hold it

  • ARKB Undercuts the typical spot bitcoin fund on fee: 0.21% against a 0.25% category median, with real bitcoin in the trust rather than futures contracts.
  • Tracks its stated benchmark, the CME CF Bitcoin Reference Rate (New York Variant), very tightly, and stands in the upper half of a crowded spot bitcoin group.
  • Launched in January 2024 with the first wave of US spot bitcoin funds and has since become a multi-billion-dollar, actively traded name.
  • BITB First US spot bitcoin ETF to publish its on-chain wallet addresses, so holdings and flows can be checked on the blockchain instead of taken on trust.cointelegraph.comccn.com
  • Costs 0.20% a year, below the 0.25% cohort median and under same-exposure peers IBIT, BTCO and BRRR at 0.25%.
  • Bitwise pledges 10% of the fund's profits to nonprofits that pay Bitcoin's open-source developers, including OpenSats and Brink.crypto.newscoingape.com
  • A multi-billion-dollar, actively traded fund launched in the January 2024 opening class, and it tracks its stated bitcoin exposure very closely.

Worth knowing

  • ARKB Not the cheapest seat in the row: BTC lists 0.15%, BITB and HODL 0.20%, and EZBC has been running at zero.
  • Pure bitcoin exposure, which means bitcoin's full swings and drawdowns. The trust makes no distributions.
  • It is a grantor trust, not a registered fund, so the investor protections differ from those of a conventional ETF.
  • BITB The mandate is bitcoin's value minus expenses. No buffer, no hedge, no income sleeve: whatever bitcoin does, this does.
  • Not the cheapest door into spot bitcoin. Peer BTC lists 0.15% and Franklin's EZBC 0.00%, and fee waivers can expire.
  • No distributions. A trust holding coins generates no income, so the entire result rides on bitcoin's price.

Full ARKB profile⁠

Full BITB profile⁠

ARKB vs BITB Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ARKB vs BITB Cost

Overpaying ARKB vs BITB

$202

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ARKB 0.21%

    $4,357

  • BITB 0.20%

    $4,155

$10,000
30 years

Cost over time

  • ARKB 0.21%
  • BITB 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530ARKB $4,357BITB $4,155

Year by year

YearARKBBITBOverpaying
10$383$365$18
20$1,491$1,421$70
30$4,357$4,155$202

Expense ratio

  • 0.21%ARKB
  • 0.20%BITB, cheaper
  • Middle half of Spot Bitcoin funds
  • Median 0.23%

BITB 4th cheapest of 12 funds

ARKB 6th cheapest of 12 funds

ARKB vs BITB Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
ARKB None
BITB None

Distribution history

ARKBAll ARKB payments⁠

No distribution history available.

BITBAll BITB payments⁠

No distribution history available.

ARKB vs BITB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ARKB 53.5%since Feb 2024BITB 53.4%since Feb 2024
Return per unit of riskSharpe ratio, 3 years
ARKB 0.56since Feb 2024BITB 0.56since Feb 2024Same figure. Both funds show the same value, so neither comes out ahead.
Worst fallMax drawdown, 5 years
ARKB −53.3%since Jan 2024BITB −53.3%since Jan 2024Same figure. Both funds show the same value, so neither comes out ahead.
Market sensitivityBeta, 5 years
ARKB 2.14BITB 2.13

ARKB and BITB in the news

All news⁠

Popular comparisons

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