What is the expense ratio of ETHA vs FBTC?

ETHA has an expense ratio of 0.25%, while FBTC has an expense ratio of 0.25%.

ETHA vs FBTC

iShares Ethereum Trust ETF vs Fidelity Wise Origin Bitcoin Fund

Last updated: 2026-04-10

ETHA iShares

iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund issued by iShares that provides exposure to cryptocurrency securities. It charges a moderate expense ratio of 0.25%. Launched in 2024, the fund has a 2-year track record.

AUM: $6.7B ER: 0.25% Yield: N/A Since: Jul 24, 2024

FBTC Fidelity

Fidelity Wise Origin Bitcoin Fund (FBTC) is an exchange-traded fund issued by Fidelity that provides exposure to cryptocurrency securities. It charges a moderate expense ratio of 0.25%. Launched in 2024, the fund has a 2-year track record.

AUM: $13.4B ER: 0.25% Yield: N/A Since: Jan 10, 2024

Quick Verdict

Over the past year, ETHA has significantly outperformed with a 47.4% return vs -8.8%.

Key Metrics

Metric	ETHA	FBTC
Expense Ratio	0.25%	0.25%
Dividend Yield	N/A	N/A
Fund Family	iShares	Fidelity
Category	Cryptocurrency	Cryptocurrency

Performance Chart

Indexed to 100 at start (5-year comparison)

ETHA -35.8%

FBTC +54.7%

Performance Comparison

Period	ETHA	FBTC	Difference
1 Month	+7.36%	+2.74%	+4.62%
3 Months	-28.14%	-20.62%	-7.52%
6 Months	-47.65%	-37.40%	-10.25%
YTD	-28.56%	-19.10%	-9.46%
1 Year	+47.38%	-8.80%	+56.18%
3 Years	-35.80%	+54.73%	-90.53%
5 Years	-35.80%	+54.73%	-90.53%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	ETHA Fees	FBTC Fees	You Save
$10,000	10 years	$495	$495	$0
$10,000	20 years	$2,111	$2,111	$0
$10,000	30 years	$6,758	$6,758	$0
$50,000	10 years	$2,473	$2,473	$0
$50,000	30 years	$33,792	$33,792	$0
$100,000	30 years	$67,584	$67,584	$0

Risk Metrics

Based on 5 years of daily returns

Metric	ETHA	FBTC
Annualized Volatility	74.6%	51.0%
Max Drawdown	-64.0%	-49.3%
Sharpe Ratio	-0.03	0.55

Dividend Comparison

Metric	ETHA	FBTC
Annual Dividend (per share)	$0.00	$0.00
Dividend Yield	0.00%	0.00%
Distribution Frequency	None	None

Top Holdings

ETHA Top Holdings

Name	Weight
Grayscale Ethereum Staking Mini ETF#ETH	100.00%
USD CASHUSD	0.00%

Which One Should You Choose?

Choose ETHA if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Either works if...

you just need broad cryptocurrency exposure. Both are solid options — pick whichever your brokerage offers commission-free.

Related Comparisons

BITO vs ETHA BITO vs FBTC ETHA vs GBTC ETHA vs IBIT FBTC vs FTEC FBTC vs GBTC FBTC vs IBIT