Each the Constancy Smart Origin Bitcoin Fund (NYSEMKT:FBTC) and CoinShares Bitcoin Mining ETF (NASDAQ:WGMI) supply publicity to Bitcoin (CRYPTO:BTC), however their approaches differ: FBTC tracks spot Bitcoin itself, whereas WGMI holds shares of corporations tied to Bitcoin mining and infrastructure. This comparability unpacks their prices, efficiency, dangers, and what’s inside to assist make clear which ETF could attraction to a crypto-focused portfolio.
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Metric
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FBTC
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WGMI
|
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Issuer
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Constancy
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CoinShares
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Expense ratio
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0.25%
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0.75%
|
|
1-yr return (as of Jan. 24, 2026)
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-14.53%
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92.48%
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AUM
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$17.41 billion
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$341.93 million
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Beta measures worth volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The 1-yr return represents whole return over the trailing 12 months.
WGMI has a better expense ratio, nevertheless it has proven vital worth good points during the last 12 months, whereas FBTC has fallen in worth.
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Metric
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FBTC
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WGMI
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|
Max drawdown (2 y)
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-32.64%
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-62.79%
|
|
Progress of $1,000 over 2 years
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$1,922
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$2,604
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WGMI at the moment invests in 25 corporations, primarily within the know-how sector. Its high holdings embody IREN Ltd. (NASDAQ:IREN), Cipher Mining (NASDAQ:CIFR), and Hut 8 Corp. (NASDAQ:HUT) The fund has been buying and selling for practically 4 years and has elevated in worth by roughly 87.56% inside that span.
FBTC, against this, is a single-asset belief that tracks the day by day worth of BTC utilizing a Bitcoin worth feed. Barely two years outdated, the ETF’s worth has risen 85.57% since its inception.
As with most cryptocurrencies, buyers should concentrate on the dangers related to crypto-related ETFs. FBTC particularly carries a better danger as a result of it’s been available on the market for less than 2 years and holds BTC solely. So the fund’s worth may be extremely unstable and reliant on the coin’s success, as cryptocurrencies are usually extra unstable than shares.
And whereas WGMI’s holdings are precise shares, lots of its high holdings are tied to the crypto market, so it may well carry a better danger than many different ETFs.
It must also be famous that no beta measurement is supplied for both ETF. The beta measures worth volatility relative to the S&P 500, and is commonly calculated from five-year weekly returns. And since each funds are lower than 5 years outdated, that kind of measurement isn’t relevant for the time being. Additionally they don’t supply dividends.
What’s attention-grabbing with WGMI is that it could regularly develop into much less of a Bitcoin mining ETF, as many mining corporations, together with these within the ETF, are actively transitioning to or incorporating high-performance computing (HPC) and AI knowledge middle operations.
Frequent causes for transitions embody diversifying income streams and/or transferring away from mining, which has develop into more and more controversial due to issues about environmental affect. So if buyers don’t thoughts the transition that WGMI is present process, it’s nonetheless an awesome possibility for oblique publicity to crypto.
ETF (Alternate-traded fund): A fund that trades on inventory exchanges like a inventory, holding a basket of property.
Spot bitcoin ETF: An ETF that holds precise bitcoin, aiming to monitor its market worth straight.
Bitcoin mining: The method of validating bitcoin transactions and creating new cash utilizing specialised computing {hardware}.
Crypto-infrastructure corporations: Companies offering {hardware}, software program, or companies that assist cryptocurrency networks and mining operations.
Expense ratio: Annual fund working prices expressed as a proportion of the fund’s common property.
Belongings below administration (AUM): The whole market worth of property a fund or supervisor oversees for buyers.
1-year return: The fund’s whole proportion acquire or loss over the latest 12-month interval.
Whole return: Funding efficiency together with worth modifications plus any earnings or distributions, assuming reinvestment.
Beta: A measure of an funding’s volatility in contrast with a benchmark index, sometimes the S&P 500.
Max drawdown: The most important peak-to-trough proportion loss over a specified time interval.
Volatility: The diploma to which an funding’s worth strikes up and down over time.
Diversification: Spreading investments throughout totally different property to cut back the affect of any single holding’s efficiency.
For extra steerage on ETF investing, take a look at the complete information at this link.
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Adé Hennis has no place in any of the shares talked about. The Motley Idiot has positions in and recommends Bitcoin. The Motley Idiot has a disclosure policy.
These Two Crypto ETFS Offer Strong Exposure to Bitcoin was initially printed by The Motley Idiot
