ETF Comparison
IBIT vs GBTC: Which Is the Better Pick in 2026?
A head-to-head comparison of iShares Bitcoin Trust ETF and Grayscale Bitcoin Trust covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| IBIT | GBTC | |
|---|---|---|
| Full name | iShares Bitcoin Trust ETF | Grayscale Bitcoin Trust |
| Issuer | BlackRock | — |
| Price | $38.64 | $53.05 |
| Distribution yield | 0.00% | 0.00% |
| Expense ratio | 0.25% | 1.50% |
| AUM | $50.1B | $10.3B |
| Distribution frequency | None | — |
| Underlying index | Bitcoin | — |
| Objective | Provide exposure to bitcoin price performance through a physically backed trust structure. | — |
| Asset class | Equity | Equity |
| Inception date | 01/11/2024 | — |
| Beta | 0.0 | 0.0 |
| Last dividend | — | — |
| Ex-dividend date | — | — |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
IBIT (iShares Bitcoin Trust ETF) and GBTC (Grayscale Bitcoin Trust) are both popular none-pay provide exposure to bitcoin price performance through a physically backed trust structure. ETFs, but they take different approaches.
IBIT is cheaper with an expense ratio of 0.25% compared to 1.50%.
IBIT is the larger fund by assets ($50.1B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, IBIT would generate roughly $0.00/month while GBTC would produce $0.00/month at current distribution rates. Both pay none distributions.
Cost & efficiency
Over 10 years on $10,000, IBIT would cost approximately $250 in fees vs $1,500 for GBTC (simplified, not compounded). The $1,250.00 difference may be offset by yield or performance.
Strategy & risk
IBIT tracks Bitcoin with a provide exposure to bitcoin price performance through a physically backed trust structure. approach, while GBTC tracks — using a — strategy. Beta is 0.0 for IBIT and 0.0 for GBTC, indicating GBTC is less volatile relative to the market.
Fund details
IBIT is managed by BlackRock (launched 01/11/2024) with $50.1B in assets. GBTC is managed by — (launched —) with $10.3B in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is IBIT or GBTC better for dividend income?
It depends on your goals. IBIT currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between IBIT and GBTC?
IBIT (iShares Bitcoin Trust ETF) tracks Bitcoin with a provide exposure to bitcoin price performance through a physically backed trust structure. strategy, while GBTC (Grayscale Bitcoin Trust) tracks — with a — approach. They are issued by BlackRock and — respectively.
Can I hold both IBIT and GBTC?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, IBIT or GBTC?
IBIT has an expense ratio of 0.25% while GBTC charges 1.50%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in IBIT vs GBTC generate?
At current yields, $10,000 in IBIT would generate roughly $0.00 per month ($0.00 annually). The same in GBTC would produce about $0.00 per month ($0.00 annually).
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