As gold and silver surged by means of 2025 and carried that momentum into 2026, distinguished valuable metals advocates took the chance…
As gold and silver surged by means of 2025 and carried that momentum into 2026, distinguished valuable metals advocates took the chance for a victory lap on social media. Among the many loudest was Peter Schiff, a longtime gold bull finest identified for his persistent skepticism towards Bitcoin (BTC) and different cryptocurrencies.
In a submit on X, Schiff argued that trimming gold and silver miners close to their highs to rotate into beaten-down Bitcoin exchange-traded funds (ETFs) and Bitcoin treasury shares reminiscent of Technique Inc. (ticker: MSTR) was, in his phrases, a “massive mistake.” That being stated, Schiff’s views include a well known bias, as he has persistently questioned Bitcoin’s long-term worth proposition.
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Nonetheless, his feedback resonated with some traders after a troublesome yr for crypto costs. Bitcoin completed 2025 down 6.3% after a risky stretch, a pointy distinction to the explosive features that preceded it, together with returns of 121% in 2024 and 155% in 2023.
Nevertheless, it additionally was not way back that the cryptocurrency ETF panorama modified materially. In January 2024, U.S. regulators accepted the primary spot Bitcoin ETFs, which differed from earlier merchandise by holding Bitcoin in custody relatively than counting on futures contracts or closed-end trusts.
Regardless of muted efficiency throughout a lot of the crypto market lately, ETF issuers have remained aggressive, rolling out new merchandise tied to property starting from Ether (ETH) to Solana (SOL), XRP (XRP) and Chainlink (LINK), in addition to multi-crypto ETFs that allocate throughout a number of tokens primarily based on market capitalization.
Product design has additionally grow to be extra specialised. Buyers who criticize cryptocurrencies for missing money flows can now entry ETFs that intention to generate double-digit earnings by promoting choices or utilizing futures to monetize volatility, usually paying distributions monthly and even weekly.
Others involved about Bitcoin’s sharp drawdowns can select hedged ETFs that search to scale back draw back danger utilizing options, accepting decrease upside potential in alternate for smoother returns.
Listed here are seven of the most effective cryptocurrency ETFs to purchase in 2026:
| ETF | Expense ratio | Market worth |
| Constancy Sensible Origin Bitcoin Fund (FBTC) | 0.25% | $17.9 billion |
| iShares Bitcoin Belief ETF (IBIT) | 0.25% | $70.2 billion |
| Grayscale Bitcoin Mini Belief ETF (BTC) | 0.15% | $4.3 billion |
| Grayscale CoinDesk Crypto 5 ETF (GDLC) | 0.59% | $537 million |
| Roundhill Bitcoin Lined Name Technique ETF (YBTC) | 0.96% | $215 million |
| ProShares Bitcoin ETF (BITO) | 0.95% | $2.5 billion |
| Calamos Laddered Bitcoin Structured Alt Safety ETF (CBOL) | 0.79% | $1.8 million |
Constancy Sensible Origin Bitcoin Fund (FBTC)
“Trying again at 2016, there was just one choice to immediately maintain Bitcoin inside your retirement account,” says Chris Kline, chief working officer and co-founder of Bitcoin IRA. “Now, there are routes to maintain crypto property in practically each kind of monetary account, and the market is best for it.” Even conventional asset managers like Constancy cashed in with FBTC, which now holds $17.9 billion in property.
FBTC is neither the most cost effective nor the most important spot Bitcoin ETF, nevertheless it stands out for the way it handles reserves. Slightly than outsourcing to a third-party custodian reminiscent of Coinbase, the fund self-custodies Bitcoin by means of Constancy Digital Belongings, an in-house platform that has been working since 2014. That degree of vertical integration might attraction to crypto traders who place a premium on sound infrastructure.
iShares Bitcoin Belief ETF (IBIT)
The title of the most important spot Bitcoin ETF by property underneath administration belongs to IBIT, which at the moment holds greater than $70 billion. The fund tracks the CME CF Bitcoin Reference Charge — New York Variant and trades with distinctive liquidity, mirrored in a 30-day median bid-ask unfold of simply 0.02%. As of January, IBIT carries a 0.25% expense ratio following the expiration of momentary price waivers.
IBIT can be notable for being the primary spot Bitcoin ETF to have listed choices accepted in September 2024. This enabled methods reminiscent of covered call writing for earnings or put shopping for to hedge draw back danger, with out using Bitcoin futures. The supply of choices additionally makes IBIT simpler for ETF issuers to use as a constructing block for extra subtle, derivative-based crypto ETF buildings.
Grayscale Bitcoin Mini Belief ETF (BTC)
IBIT could be the largest spot Bitcoin ETF by property underneath administration, however it isn’t the most cost effective following the expiration of its price waiver. That distinction belongs to BTC, which Grayscale presents at a aggressive 0.15% expense ratio. The ETF at the moment manages $4.3 billion in property representing roughly 48,493 Bitcoin held in belief, with every share corresponding to roughly 0.00044250 BTC.
BTC didn’t launch alongside the unique wave of spot Bitcoin ETFs in 2024. As an alternative, it was created as a derivative from Grayscale’s older Bitcoin ETF, which itself had been transformed from a closed-end belief and carried a 1.5% expense ratio. To sluggish investor outflows pushed by these increased charges, Grayscale carved out 10% of the belief’s property and spun it off within the type of BTC.
Grayscale CoinDesk Crypto 5 ETF (GDLC)
As distinguished as Bitcoin is, it isn’t the one cryptocurrency with real-world use circumstances at present. A variety of different cryptocurrencies have gained traction due to their roles in decentralized finance, which incorporates functions reminiscent of decentralized exchanges, on-chain lending and borrowing platforms. In response, ETF issuers have begun launching multi-crypto ETFs that maintain extra than simply Bitcoin.
GDLC is likely one of the extra notable examples. In accordance to Grayscale, the ETF’s basket is designed to cowl roughly 90% of the investable cryptocurrency market inside a single fund. It tracks the CoinDesk 5 Index, which holds, in descending order by weight, Bitcoin, Ether, XRP, Solana and Cardano, all by means of bodily backed spot value publicity. GDLC expenses a 0.59% expense ratio.
[Read: Bitcoin vs. Ethereum: Which Is the Better Buy?]
Roundhill Bitcoin Lined Name Technique ETF (YBTC)
“YBTC presents the potential for top earnings, because it generates earnings by means of a coated name technique on Bitcoin,” says Dave Mazza, CEO of Roundhill Investments. “This ETF gives upside publicity to Bitcoin, topic to a weekly cap, providing a novel mix of earnings technology and Bitcoin publicity with out the complexities of direct Bitcoin funding or the effort of buying and selling choices immediately.”
YBTC’s underlying holdings encompass money market funds for collateral and IBIT name and put choices. The excessive volatility of Bitcoin helps the ETF ship an above-average 35.5% distribution yield with weekly payouts. Nevertheless, upside value appreciation is capped, and coated calls don’t hedge draw back danger nicely. As well as, YBTC is way pricier than spot Bitcoin ETFs due to a 0.96% expense ratio.
ProShares Bitcoin ETF (BITO)
Earlier than spot Bitcoin ETFs have been accepted, issuers turned to futures-based buildings as a workaround whereas Grayscale challenged the Securities and Alternate Fee. The consequence was BITO, the primary U.S.-listed Bitcoin-linked ETF, which supplied artificial publicity by means of Bitcoin futures contracts. That construction created an uncommon earnings profile with a 12-month trailing yield of 78.3%.
Not like coated name Bitcoin ETFs, BITO’s yield is pushed by the mechanics of rolling Bitcoin futures contracts. Every month, the fund sells expiring contracts and buys new ones, which might understand capital features throughout rising markets. The ETF then disgorges these as taxable distributions. These payouts could be risky, nonetheless, and should shrink or disappear fully throughout extended Bitcoin downturns.
Calamos Laddered Bitcoin Structured Alt Safety ETF (CBOL)
“Towards this backdrop of steep drawdowns and excessive volatility, the necessity for a risk-managed method has by no means been increased,” says Matt Kaufman, senior vice chairman and world head of ETFs at Calamos Investments. “Many traders discover themselves caught between the concern of lacking out on Bitcoin’s extraordinary features and the very actual danger of struggling devastating losses throughout its frequent corrections.”
Hedged Bitcoin ETFs reminiscent of CBOL can be utilized as coaching wheels for newer or extra risk-averse traders who need crypto publicity with out absorbing punishing drawdowns. This ETF ladders 4 quarterly Calamos Bitcoin ETFs which might be designed to present 100% draw back safety over their respective consequence intervals. Nevertheless, upside participation is capped at 10.2% on a weighted common foundation.
Extra from U.S. Information
6 of the Best AI ETFs to Buy for 2026
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7 Best Cryptocurrency ETFs to Buy initially appeared on usnews.com
Replace 01/21/26: This story was printed at an earlier date and has been up to date with new info.












