ETF Versus

ETHA vs FBTC

iShares Ethereum Trust ETF vs Fidelity Wise Origin Bitcoin Fund

Last updated: 2026-04-02

ETHA

iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund 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: $6.1B ER: 0.25% Yield: N/A Since: Jul 24, 2024
FBTC

Fidelity Wise Origin Bitcoin Fund (FBTC) is an exchange-traded fund 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: $12.4B ER: 0.25% Yield: N/A Since: Jan 10, 2024

Quick Verdict

Over the past year, ETHA has significantly outperformed with a 11.7% return vs -20.0%.

Key Metrics

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

Performance Chart

Indexed to 100 at start (5-year comparison)

40 84 128 172 216 260 2024-07 2024-12 2025-05 2025-10 2026-04
ETHA -38.4%
FBTC +45.2%

Performance Comparison

Period ETHA FBTC Difference
1 Month +5.14% -1.49% +6.63%
3 Months -31.47% -24.08% -7.39%
6 Months -52.83% -44.61% -8.22%
YTD -31.47% -24.08% -7.39%
1 Year +11.68% -20.00% +31.68%
3 Years -38.41% +45.21% -83.62%
5 Years -38.41% +45.21% -83.62%

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 74.9% 51.1%
Max Drawdown -64.0% -49.3%
Sharpe Ratio -0.07 0.50

Dividend Comparison

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

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 IBIT FBTC vs IBIT