Are Bitcoin ETFs available to investors in Australia?

Yes. Several Bitcoin ETFs are now available on the Australian Securities Exchange (ASX). These funds allow you to gain exposure to Bitcoin price movements through your share trading account, without needing to directly buy or hold cryptocurrency.

How does a Bitcoin ETF work?

A Bitcoin ETF tracks the price of Bitcoin, either by holding actual Bitcoin (a spot ETF) or by using futures contracts that speculate on the future price of Bitcoin (a futures ETF). The ETF’s share price moves in line with the performance of Bitcoin, giving investors a simplified and regulated way to invest in the cryptocurrency market.

What’s the difference between a spot Bitcoin ETF and a futures Bitcoin ETF?

A spot Bitcoin ETF directly holds Bitcoin and reflects its live price. A futures Bitcoin ETF, on the other hand, uses agreements based on Bitcoin’s future price. Spot ETFs tend to track Bitcoin’s price more closely, while futures ETFs can behave differently due to contract rollovers and fees.

Can I trade Bitcoin ETFs through my existing brokerage account?

Yes. Bitcoin ETFs listed on the ASX or Cboe can be traded the same way as any other share or ETF. You just need a broker that offers access to those exchanges.

What are the main risks of investing in a Bitcoin ETF?

Bitcoin ETFs are affected by the same volatility that impacts Bitcoin itself. The price can move sharply up or down in short periods of time. Other risks include management fees, tracking errors and potential regulatory changes affecting the cryptocurrency market.

How are Bitcoin ETFs taxed in Australia?

Profits from selling Bitcoin ETF units are generally treated as capital gains for tax purposes. If you hold the investment for more than 12 months, you may be eligible for the capital gains tax (CGT) discount. It’s important to speak with a tax adviser to understand how your individual situation is affected.

Do Bitcoin ETFs pay dividends?

Most Bitcoin ETFs don’t pay dividends because Bitcoin itself doesn’t generate income. Their returns come solely from the movement in Bitcoin’s price.

Are Bitcoin ETFs suitable for beginner investors?

Bitcoin ETFs can be easier to access and manage than owning cryptocurrency directly, but they still carry significant risk due to cryptocurrency volatility. Beginners should only invest what they can afford to lose and consider diversifying across different asset classes.

How do I choose the best Bitcoin ETF for my portfolio?

Consider factors like whether the ETF is spot or futures-based, its management fees, liquidity, tracking accuracy and the reputation of the fund manager. Comparing these factors can help you find a product that fits your investment goals and risk tolerance.

How to buy Bitcoin ETFs from Australia

Invest in Bitcoin ETFs Compare ETF brokers

What Bitcoin ETFs are listed in Australia? Learn more

Open a low-cost ETF brokerage account to easily access Australian-listed Bitcoin ETFs like VBTC, IBTC and EBTC.
Compare management fees and broker trading costs to avoid over-paying to hold Bitcoin ETFs.
If you want to invest directly in Bitcoin rather than track its price, consider buying the asset itself through a regulated crypto exchange instead of an ETF.

Here's how to buy Bitcoin ETFs in just 4 steps

Bitcoin exchange traded funds (ETFs) are similar to other ETFs and you'll need to follow these steps if you want to buy one of them:

Choose a broker.
Open your account – including your ID.
Fund your account by transferring money from your bank account to your broker account.
Search for the Bitcoin ETF you want to buy, select it and invest.

Bitcoin ETF market updates

On 11 January 2024, the US Securities and Exchange Commission (SEC) approved 11 spot Bitcoin ETFs (exchange-traded funds). This means you can now get exposure to Bitcoin's price through stock brokerages and trading platforms.

On 4 June 2024, Monochrome launched the first Australian Bitcoin ETF that holds Bitcoin directly. It trades under the ticker IBTC on the Cboe Australia exchange.

On 20 June 2024, VanEck launched the first Bitcoin ETF on the Australian Stock Exchange (ASX) under the ticker VBTC.

On 11 July 2024, Monochrome announced it would be cutting the fees on its IBTC ETF to 0.50% and launching a lending protocol where investors can borrow against their IBTC holdings.

On 20 November 2024, Bitcoin ETF options launched in the US, with almost US$2 billion of contracts traded.

Which companies offer Bitcoin ETFs?

BlackRock
Fidelity
Invesco
Grayscale
ARK & 21 Shares
Bitwise Invest
Franklin
VanEck
Wisdomtree
Valkyrie
Hashdex
Monochrome
Global X
Monochrome

Why buy a Bitcoin ETF?

A Bitcoin ETF allows investors to gain exposure to this volatile asset through a basket approach.

It's like any other thematic-based ETF. If you believe a certain sector, theme or market could be the major winner moving forward but are unsure of the individual winners, taking a basket approach allows you to gain exposure while offsetting individual business risk.

An ETF approach to Bitcoin also allows investors a different way to gain exposure.

While there are many Bitcoin ETFs in circulation, many of which are inaccessible, the available ones offer investors different solutions. Some track movement in price while others follow businesses that are exposed to crypto assets. And while you should know what you own, a Bitcoin ETF could be a way of gaining access to the fastest-growing trend in financial markets.

Our expert says

"Buying a spot Bitcoin ETF is a really convenient way to invest in Bitcoin for anyone who just wants to speculate on the price and not worry about safe storage. The ETF issuer manages it all on your behalf, so you don't need to learn how to use a Bitcoin wallet or manage private keys."

Thomas Stelzer

Journalist

3 types of Bitcoin ETFs

Bitcoin ETFs all broadly follow the same theme, but they can be broken down into 3 main categories:

Physically backed. This is probably the simplest form of ETF for investors to get their heads around. In this instance, the ETF you invest in will buy Bitcoin on your behalf and store it for you, most often in an offline wallet.
Futures contracts. If you choose to buy a futures-backed ETF, you don't actually own Bitcoin. Instead, the ETF provider is trading contracts that reflect Bitcoin's price on your behalf. Should the price of Bitcoin increase, so will the next contract, lifting the price of what the ETF holds. The inverse is also true should the price of Bitcoin fall.
Picks and shovels. In this instance, you're looking at companies that are mining Bitcoin. You are investing in the underlying tech instead of the outcome. Basically, you're making money selling the picks and shovels instead of buying Bitcoin itself.

Cryptocurrency ETFs vs cryptocurrency: Benefits and risks

Benefits of cryptocurrency ETFs
Risks of cryptocurrency ETFs

Simplicity. Learning how to buy and store cryptocurrency can be a confusing and daunting process. ETFs make it easy to gain exposure to digital currencies without going through the hassle of owning any coins.
Create a diverse portfolio. The compartmentalised nature of the cryptocurrency industry means that acquiring and holding a large collection of currencies all at once is complicated and time-consuming. You may have to open several wallets and maintain accounts on multiple cryptocurrency exchanges. While US choices track only Bitcoin at the moment, in theory, cryptocurrency ETFs allow you to track multiple digital coins and tokens at once, saving you a lot of time and effort.
Avoid the risk of hacking. Cryptocurrency exchanges and wallets are susceptible to hacking attacks and theft. Buying units in a cryptocurrency ETF protects you against these risks as you don't actually own any digital coins.
Lower fees. ETFs generally have lower fees than traditional managed funds, making it possible to build a diversified portfolio at reduced expenses.
Regulation. Futures markets used by current Bitcoin ETFs are federally regulated while Bitcoin has more limited regulation. Some will consider this a benefit, others a drawback.

Limited choice. There's currently limited choice available for anyone wanting to invest in cryptocurrency-related ETFs in the US. However, now that the SEC has approved its first cryptocurrency ETF, this will likely soon change.
Volatility. Cryptocurrencies are famous for their volatility. They can also experience substantial price fluctuations in a short period. If the market moves against you, the value of your cryptocurrency ETF units could take a sharp dive.
Tracking vs owning. With futures-based cryptocurrency ETFs, you're also looking at a value that tracks the coin indirectly. It won't match the asset and you could gain or lose as the asset moves in price. It's a great unknown at this point.
Lack of risk diversification. Traditional ETFs often include an extensive range of securities to help achieve diversification. They sometimes include government bonds and debt to mitigate market risk. However, most versions of cryptocurrency ETFs only provide access to a limited range of digital currencies. When you consider the correlation between the performance of Bitcoin and the value of altcoins, this only increases the level of risk.
Crypto-specific risks still apply. Just because you don't have to deal with any of the risks of owning digital currency doesn't mean these risks cease to exist. Issues such as hacking will still need to be managed by the ETF provider.
Fees apply. On top of an annual management fee, you'll need to consider brokerage fees that apply when you buy or sell ETF units.
International taxes. If you buy ETF units located in another country, such as XBT Provider's funds, be aware that foreign tax may apply.

Compare online ETF brokers

To invest in Bitcoin ETFs, you need a brokerage account. Review platform features and fees to find the account that best fits your needs.

6 of 35 results

Finder Score	ETF brokerage (AU)	ETF brokerage fee (Global)	Asset Class
Finder Score 8.7 Great eToro	Finder Score 8.7 Great	US$2.00	US$0	ASX shares, Global shares, US shares, ETFs, Cryptocurrencies	ENDS SOON! $150 VISA CARD REWARD 1 Join Finder 2 Sign up to eToro and make a trade 3 Get card from Finder Ends by. T&Cs apply.	Bonus offer: Get USD$500 bonus in stocks if you deposit at least USD$5,000. Ends 30 Mar 2026. T&Cs apply.	CFD service. Capital at risk. Trade a range of assets from a single account with access to social trading features.	Go to site View details Compare product selectionCompare	loading
Finder Score 9.3 Excellent Tiger Brokers Finder Award	Finder Score 9.3 Excellent	$3.00	US$2	ASX shares, Global shares, Options trading, US shares, ETFs	ENDS SOON! $120 VISA CARD REWARD 1 Join Finder 2 Sign up to Tiger Brokers and make a trade 3 Get card from Finder Ends by. T&Cs apply.	Deposit any amount and receive $20 to trade in Tiger Brokers. Plus 4x zero brokerage trades and no FX fees on the first $2,000 you exchange every month. T&Cs apply.	Trade US, Asian and CHESS-sponsored ASX stocks, China A-class shares, plus US and Hong Kong options and ETFs.	Go to site View details Compare product selectionCompare	loading
Finder Score 9.8 Excellent Webull Finder Award	Finder Score 9.8 Excellent	$0.00	US$0	ASX shares, Global shares, Options trading, US shares, ETFs, Cryptocurrencies	Welcome offer: Enjoy 30 days of commission-free trades. Deposit $500+ to earn 5 US fractional shares. Plus, receive up to 2% cash voucher when you meet the net qualifying asset requirements. Ends 31 Mar 2026. T&Cs apply.	Invest in over 15,000 shares, options, and $0 Brokerage on all U.S. and Australian Chess-Sponsored ETFs.	Go to site View details Compare product selectionCompare	loading
Finder Score 9.6 Excellent Moomoo Share Trading Exclusive	Finder Score 9.6 Excellent	$3.00	US$0.99	ASX shares, Global shares, Options trading, US shares, ETFs	ENDS SOON! $100 VISA CARD REWARD 1 Join Finder 2 Sign up to Moomoo and make a trade 3 Get card from Finder Ends by. T&Cs apply.	Finder exclusive: Unlock up to AUD$4,000 and US$4,000 in $0 brokerage over 60 days. T&Cs apply.	Trade major markets with built-in social trading tools.	Go to site View details Compare product selectionCompare	loading
Finder Score 9.9 Excellent CMC Invest Finder Award	Finder Score 9.9 Excellent	$0.00	US$0	ASX shares, Global shares, Options trading, US shares, mFunds, ETFs, Cryptocurrencies	Trade 45,000+ listed securities across the local markets and 15 major global exchanges.	Go to site View details Compare product selectionCompare	loading
Finder Score 9.3 Excellent IG Share Trading Finder Award	Finder Score 9.3 Excellent	$0.00	US$0	ASX shares, Global shares, US shares, UK shares, ETFs	Go to site View details Compare product selectionCompare	loading

Showing 6 of 6 results

Finder Score for share trading platforms

We've scored over 30 share trading platforms assessing them for their core features, fees, customer experience and accessibility. Our experts give each platform a score out of 10.

Read the full methodology

Important: The standard brokerage fee displayed is the trade cost for new customers to purchase $1,000 of either Australian or US shares. Where a platform charges different fees for both US and Australian shares we show the lower of the two. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.

What Bitcoin ETFs are listed in Australia?

There are 3 Bitcoin ETFs trading in Australia, as well as 11 spot Bitcoin ETFs in the US that you may be able to trade from Australia, depending on your broker.

These are the VanEck Bitcoin ETF (ASX: VBTC), Monochrome Bitcoin ETF (CBOE: IBTC) and Global X 21Shares Bitcoin ETF (CBOE: EBTC).

Here are some of the other options:

5 of 5 results

Symbol	Listed on	Assets held	Who can invest?
VanEck Bitcoin ETF	VBTC	ASX (AU)	BTC	0.59%	View details	loading
DigitalX Bitcoin ETF	BTXX	ASX (AU)	BTC	0.49%	View details	loading
BetaShares Bitcoin ETF	QBTC	ASX (AU)	BTC	0.45%	View details	loading
Monochrome Bitcoin ETF	IBTC	Cboe (AU)	BTC	0.98%	View details	loading
Global X 21Shares Bitcoin ETF	EBTC	Cboe (AU)	BTC	1.25%	View details	loading

Showing 5 of 5 results

6 of 6 results

Symbol	Listed on	Assets held	Who can invest?
DigitalX	DCC	ASX (AU)	ETH		View details	loading
BetaShares Crypto Innovators ETF	CRYP	ASX (AU)	Suppliers of BTC, ETH miners	0.67%	View details	loading
Global X 21Shares Ethereum ETF	EETH	Cboe (AU)	ETH	0.45%	View details	loading
BetaShares Ethereum ETF	QETH	ASX (AU)	ETH	0.45%	View details	loading
Monochrome Ethereum ETF	IETH	Cboe (AU)	ETH	0.25%	View details	loading
3iQ CoinShare Ether Feeder ETF	ET3Q	Cboe (AU)	ETH	1.20%	View details	loading

Showing 6 of 6 results

13 of 13 results

Symbol	Listed on	Assets held	Who can invest?	Management fee
ProShares Bitcoin Strategy ETF	BITO	NYSE (US)	BTC	Anyone	0.65%	View details	loading
VanEck Bitcoin Strategy ETF	XBTF	Cboe BZX (US)	BTC	Anyone	0.65%	View details	loading
Valkyrie Bitcoin Strategy ETF	BTF	NASDAQ (US)	BTC	Anyone	0.95%	View details	loading
Bitcoin Tracker Euro	COINXBE	Nasdaq Stockholm (Sweden)	BTC	Anyone	2.5%	View details	loading
Bitcoin Tracker One	COINXBT	NASDAQ (US), Nasdaq Stockholm (Sweden)	BTC	Anyone	2.5%	View details	loading
Evolve Bitcoin ETF	EBIT	Toronto Stock Exchange (CA)	BTC		0.75%	View details	loading
3iQ CoinShares Bitcoin ETF	BTCQ	Toronto Stock Exchange (CA)	BTC		1.00%	View details	loading
CI Galaxy Bitcoin ETF	BTCX.U	Toronto Stock Exchange (CA)	BTC		0.40%	View details	loading
OKEX OK06ETT	OK06ETT	OKEx (SC)	BTC, ETH, BCH, EOS		0.20%	View details	loading
XBT Ether Tracker Euro	ETHEREUM XBTE	Nasdaq Stockholm (Sweden)	ETH		2.5%	View details	loading
Coinbase Index Fund	CBIFS	Coinbase Pro (US)	BTC, ETH, SOL, ADA		1%	View details	loading
Purpose Bitcoin ETF	BTCC	Toronto Stock Exchange (CA)	BTC		1%	View details	loading
XBT Ether Tracker One	ETHEREUM XBT	Toronto Stock Exchange (CA)	ETH		2.5%	View details	loading

Showing 13 of 13 results

Bitcoin ETF fees

This is a summary of the fees charged on the 11 spot Bitcoin ETFs that have been approved:

ETF issuer	Symbol	Initial fee	Long-term fee	Details
BlackRock	IBIT	0.20%	0.30%	First 12 months or US$5 billion AUM
Fidelity	FBTC	0%	0.39%	First 6 months or US$1 billion AUM
Invesco	BTCO	0%	0.59%	First 6 months and US$5 billion AUM
Grayscale	GBTC	1.50%	1.50%	N/A
ARK & 21 Shares	ARKB	0%	0.25%	First 6 months or $1 billion AUM
Bitwise Invest	BITB	0%	0.24%	First 6 months or $1 billion AUM
Franklin	EXBC	0.29%	0.29%	N/A
VanEck	HODL	0.25%	0.25%	N/A
Wisdomtree	BTCW	0.50%	0.50%	N/A
Valkyrie	BRRR	0.80%	0.80%	N/A
Hashdex	DEFI	0.90%	0.90%	N/A

13:20

How do ETFs affect the price of Bitcoin?

Bitcoin ETFs should positively affect Bitcoin price. Bitcoin will get more attention from mainstream investors, including financial advisers who wouldn't otherwise want to get exposure to cryptocurrency. Having Bitcoin ETFs approved by the SEC could also boost investor confidence in this alternative asset.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

Who are Bitcoin ETFs suited to?

Bitcoin ETFs are suited to a number of investors ranging from those who are already stock traders to those who are bullish on the future price of the asset class.

Buying one of the current Bitcoin ETFs means you will be investing in future contracts or in a company's exposure to Bitcoin's assets, but you will not hold the "physical" asset itself. As such, investors who are bullish on the price of the underlying asset but do not want the hassle of owning a cryptocurrency wallet could favour a Bitcoin ETF instead.

An ETF structure might also appeal to investors who own other stocks but want to gain exposure to Bitcoin assets.

Rather than signing up for 2 different accounts and having to track 2 different asset classes, investors can simply own an ETF.

Limitations of Bitcoin ETFs

While an ETF gives you the opportunity to get into the market, as it currently stands you won't own the actual underlying assets. Instead, most trade using a model based on business exposure to Bitcoin or based on contracts for difference (CFDs), meaning you are trading on the future price of Bitcoin without owning it.

If you want to own Bitcoin, an ETF approach may not be best suited to your needs.

Join the crypto conversation – Follow us on X now

Trying to get a handle on the markets? Cut through the noise with our overview of the best cryptos to buy right now, explore some strategies for how to trade crypto or see if there's a better platform for you with our guide to the best crypto exchanges.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Frequently asked questions

A Bitcoin ETF tracks the price of Bitcoin, either by holding actual Bitcoin (a spot ETF) or by using futures contracts that speculate on the future price of Bitcoin (a futures ETF). The ETF’s share price moves in line with the performance of Bitcoin, giving investors a simplified and regulated way to invest in the cryptocurrency market.

Sources

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To make sure you get accurate and helpful information, this guide has been edited by Jason Loewenthal as part of our fact-checking process.

Written by

Cameron Micallef

Journalist

Cameron Micallef is a personal finance journalist with eight years of experience, specialising in investing, property and household bills. He has written for Smart Property Investment, nestegg and Investor Daily. Cameron holds a Bachelor’s degree in Communication and Media Studies and Commerce, as well as a Tier 1 Generic Knowledge certification (RG146), ensuring compliance with ASIC standards. See full bio

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Cameron has written 150 Finder guides across topics including:

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Kylie Purcell

Investments Analyst

Kylie Purcell is an experienced investments analyst and finance journalist with over a decade of expertise in a wide range of financial products, including online trading platforms, robo-advisors, stocks, ETFs and cryptocurrencies. She is a sought-after commentator and regularly shares her insights on the AFR, Yahoo Finance, The Motley Fool, SBS and News.com.au. Kylie hosts the Investment Finder video series and actively contributes to the investment community as a judge and panellist. She holds a Master of Arts in International Journalism, a Graduate Diploma in Economics, and ASIC-recognised certifications in securities and managed investments. See full bio

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How to buy Bitcoin ETFs

Both the US and Australia approved landmark Bitcoin ETFs in 2024. Here's how to buy Bitcoin ETF.

Key takeaways