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ETF Comparison

BITB vs IBIT: Which Is the Better Pick in 2026?

A head-to-head comparison of Bitwise Bitcoin ETF Trust and iShares Bitcoin Trust ETF covering yield, cost, risk, and income potential.

Data updated July 15, 2026

ETFs20
Total AUM$5.20B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Bitwise Investments is known for pioneering cryptocurrency and digital asset ETFs, establishing itself as a specialized provider in the emerging digital assets space. The firm's 10-fund lineup spans digital assets (including popular tickers BITB, BITC, and BITQ focused on Bitcoin, cryptocurrency, and Nasdaq-100 crypto exposure), covered call and option income strategies (BTOP, ICOI, IMRA, IMST), and traditional income-focused products. The issuer's niche combines exposure to cryptocurrencies and blockchain assets with systematic income-generation strategies, distinguishing it from traditional broad-market ETF providers.

See our curated list of related YouTube videos on BITB.

ETFs481
Total AUM$4450B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

iShares is one of the largest ETF providers globally, known for offering a broad, diversified lineup of exchange-traded funds across multiple asset classes and investment strategies. The company operates 215 funds spanning 15 distinct families, including popular offerings in dividend income, covered call strategies, bonds, equities, ESG-focused investments, and factor-based approaches, with widely-held tickers like AGG (bond), ACWI (global equity), and AOA (allocation). iShares is characterized by its comprehensive fund ecosystem that serves both core portfolio holdings and specialized investment strategies, making it a prominent player for investors seeking both traditional and alternative income-generating ETF solutions.

See our curated list of related YouTube videos on IBIT.

Side-by-side snapshot

BITBIBIT
Full nameBitwise Bitcoin ETF TrustiShares Bitcoin Trust ETF
IssuerBitwise InvestmentsiShares
Last Close$35.05 as of July 15, 2026$36.58 as of July 15, 2026
Distribution yield0.00%0.00%
Distribution Safety Score
Expense ratio0.20%0.12%
AUM$2.34B$48.6B
Distribution frequencyNone
Underlying indexBitcoin
ObjectiveTracks the value of bitcoin held in custody on behalf of the fund.Provide exposure to bitcoin price performance through a physically backed trust structure.
Asset classCurrencyEquity
Inception date01/10/202401/11/2024
Beta1.8841.8887

Bottom lineBITB and IBIT are nearly interchangeable — both offer very similar exposure with very similar cost and risk. The clearest tie-breaker is cost: IBIT is cheaper at 0.12% vs 0.20%.

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

BITB has outpaced IBIT over the trailing twelve months, posting a -46.28% total return against -46.35%. Measured from Jan 2024 — when the younger fund began trading — IBIT has compounded at 13.51% a year versus 13.47% for BITB. Figures are total returns: price change plus every distribution reinvested.

SymbolYTD1YSince Jan 2024Volatility Sharpe Sortino Max drawdown
BITB-28.18%-46.28%13.47%44.8%-1.50-1.96-53.3%
IBIT-28.19%-46.35%13.51%44.9%-1.50-1.95-53.3%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 14, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jan 2024” measures every fund from January 11, 2024 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Quick verdict

BITB (Bitwise Bitcoin ETF Trust) and IBIT (iShares Bitcoin Trust ETF) are both ETFs, but they take different approaches.

IBIT is cheaper with an expense ratio of 0.12% compared to 0.20%.

IBIT is the larger fund by assets ($48.6B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, BITB has no reported distribution yield yet, so a monthly income estimate is not available, while IBIT has no reported distribution yield yet, so a monthly income estimate is not available, at current distribution rates.

BITB yield0.00%
IBIT yield0.00%

Cost & efficiency

Over 10 years on $10,000, BITB would cost approximately $200 in fees vs $120 for IBIT (simplified, not compounded). The $80.00 difference may be offset by yield or performance.

BITB ER0.20%
IBIT ER0.12%

Strategy & risk

BITB is an ETF, while IBIT tracks Bitcoin with a crypto approach. Beta is 1.884 for BITB and 1.8887 for IBIT, indicating BITB is less volatile relative to the market.

BITB beta1.884
IBIT beta1.8887

Fund details

BITB is managed by Bitwise Investments (launched 01/10/2024) with $2.34B in assets. IBIT is managed by iShares (launched 01/11/2024) with $48.6B in assets.

BITB AUM$2.34B
IBIT AUM$48.6B

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Frequently asked questions

Which of BITB or IBIT pays more dividend income?

IBIT currently reports a distribution yield, while BITB has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.

What is the difference between BITB and IBIT?

BITB (Bitwise Bitcoin ETF Trust) is an ETF, while IBIT (iShares Bitcoin Trust ETF) tracks Bitcoin with a crypto approach. They are issued by Bitwise Investments and iShares respectively.

Can I hold both BITB and IBIT?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Which has lower fees, BITB or IBIT?

BITB has an expense ratio of 0.20% while IBIT charges 0.12%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in BITB vs IBIT generate?

At current rates, BITB has not established a distribution history yet, so a monthly income estimate is not available. IBIT has not established a distribution history yet, so a monthly income estimate is not available.

Which has performed better historically, BITB or IBIT?

BITB has outpaced IBIT over the trailing twelve months, posting a -46.28% total return against -46.35%. Measured from Jan 2024 — when the younger fund began trading — IBIT has compounded at 13.51% a year versus 13.47% for BITB. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

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