IBIT vs. BITS ETF Comparison
Comparison of iShares Bitcoin Trust (IBIT) to Global X Blockchain & Bitcoin Strategy ETF (BITS)
IBIT
iShares Bitcoin Trust
IBIT Description
IBIT aims to track the spot price of Bitcoin, less expenses and liabilities. It intends to provide accessibility to Bitcoin without the complexities of acquiring, holding, and trading directly through a digital asset platform. The trust is backed by Bitcoin held in cold storage, which is a safeguarding method by which the private keys corresponding to the trusts Bitcoins are generated and stored in an offline manner, making them more resistant to hacking. Holdings are valued daily based on the CF Benchmarks Index. This serves as a once-a-day benchmark rate of Bitcoins USD price, calculated as of 4:00 pm ET. The index aggregates the trade flow of several Bitcoin platforms during an observation window, focusing on relevant transactions, as defined by the index provider. At the time of launch, the Issuer waived a portion of the fee. The funds expense ratio and tracking should be reviewed and considered for comparison purposes
Grade (RS Rating)
Last Trade
$32.98
Average Daily Volume
26,486,009
1
BITS
Global X Blockchain & Bitcoin Strategy ETF
BITS Description
Global X Funds - Global X Blockchain & Bitcoin Strategy ETF is an exchange traded fund launched and managed by Global X Management Company LLC. The fund invests in public equity and currency markets of the United States. For its equity portion, it invests directly and through other funds in stocks of companies operating across blockchain companies including digital asset mining, blockchain and digital asset transactions, blockchain applications, blockchain and digital asset hardware, and blockchain and digital asset integration sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. For its currency portion, it invests through derivatives in Bitcoin. The fund uses derivatives such as futures contracts to invest in Bitcoin through a wholly-owned subsidiary organized in the Cayman Islands. Global X Funds - Global X Blockchain & Bitcoin Strategy ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$59.17
Average Daily Volume
4,260
2
Performance
| Period | IBIT | BITS |
|---|---|---|
| 30 Days | -3.09% | -4.28% |
| 60 Days | -8.95% | -18.16% |
| 90 Days | -9.99% | -16.74% |
| 12 Months | 95.42% |
0 Overlapping Holdings
| Symbol | Grade | Weight in IBIT | Weight in BITS | Overlap |
|---|
IBIT Overweight 1 Positions Relative to BITS
| Symbol | Grade | Weight | |
|---|---|---|---|
| BTC | C | 100.0% |
IBIT: Top Represented Industries & Keywords
BITS: Top Represented Industries & Keywords
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