GBTC vs. BITO — ETF comparison tool (2024)

FAQs

Which is better, GBTC or BITO? ›

BITO - Performance Comparison. In the year-to-date period, GBTC achieves a 73.17% return, which is significantly higher than BITO's 54.35% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.

Summary of all the Indicators

ProShares Bitcoin Strategy ETF's (BITO) 50-Day exponential moving average is 25.00, making it a Buy.

BITO is the first U.S. exchange-traded fund that seeks to correspond to the performance of bitcoin. BITO invests in bitcoin futures and does not invest in bitcoin. There is no guarantee the fund will closely track bitcoin returns.

The iShares Bitcoin Trust ETF (IBIT) has taken in $15.6 billion from investors since its launch and has $16.5 billion in assets. Fidelity Wise Origin Bitcoin ETF (FBTC) has seen $8.2 billion come in, with assets standing at $9.2 billion. Funds from smaller players like ARK and Bitwise also raked it in.

What Makes GBTC Different from Directly Owning Bitcoin? GBTC offers a way to invest indirectly in bitcoin through an exchange-traded fund and gain exposure to bitcoin price movements. Owning bitcoins directly means you actually own the individual tokens.

Proshares Bitcoin Strategy ETF Price Prediction 2030

According to our BITO ETF price prediction for 2030, the stock could reach a maximum price of $74.86, a predicted average trading price of $65.09, and a minimum price of $63.13.

Since its inception, the fund's total return is down -62.4% as compared to Bitcoin, which is down -54.5% during the same period. This is another reason BITO might not be a sustainable dividend play. This fund is more suitable for short term trading.

BITO Dividend Information

BITO has a dividend yield of 29.24% and paid $7.22 per share in the past year. The dividend is paid every month and the last ex-dividend date was Jun 3, 2024.

Why is BITO underperforming Bitcoin? ›

The underperformance stems from hidden costs of rolling futures contracts every month as they expire called the “contango bleed,” exacerbated by this year's rebound in BTC price.

BITO mainly buys Bitcoin futures contracts, but the fund manager can use a small portion of the portfolio to buy other money market instruments such as treasuries and bonds. As an actively managed ETF, BITO generally holds Bitcoin futures contracts in all seasons. That is, whether prices are rising, falling, or flat.

GBTC Signals & Forecast

Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $61.17.

Grayscale Bitcoin Trust (GBTC) holds 284,546.4 BTC as of June 7, 2024. ⁽¹⁾.

GBTC Signals & Forecast

There are few to no technical positive signals at the moment. The Grayscale Bitcoin Invt Tr stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $60.43 and $58.52.

If long-term price performance is your only investment goal, then the new Bitcoin ETFs make a lot of sense. However, you could prefer direct-asset ownership of Bitcoin if you are concerned about the regulatory or legal aspects of crypto.

The ProShares Bitcoin Strategy ETF price prediction for 2025 is currently between $ 185.72 on the lower end and $ 877.55 on the high end.

Grayscale's Sonnenshein defended the firm's high fees at the time, telling CNBC they were justified by GBTC's liquidity and track record. He said that the reason other ETFs have lower fees is that their products “don't have a track record,” and the issuers are trying to lure investors with fee incentives.