Enter the realm of Bitcoin ETFs, a burgeoning trend that recently gained significant momentum, particularly following the recent approval by the US SEC of approximately 11 Bitcoin Spot ETFs.
The monthly analysis, which delves deep into the performance of both Bitcoin Futures ETS and Spot ETFs, aims to provide invaluable insights for all, including newcomers. This dissects key metrics, including one-month average volume, expense ratio, one-month return, and net fund flow. But that is not all – this exploration goes beyond the numbers, offering an in-depth technical analysis to unveil hidden insights.
Get ready to gain a deeper understanding of the ETF landscape.
1. Bitcoin Futures ETF In-Depth Analysis
At the time of performing this analysis, BITO, XBTF, BTF, BITS, ARKA, DEFI, BITC, BETH, BETE, ARKC, and ARKY are the prominent players in the Bitcoin Futures ETF market.
| Bitcoin Futures ETF | AUM |
| ProShares (BITO) | $598.78M |
| VanEck (XBTF) | $42.41M |
| Valkyrie (BTF) | $38.20M |
| Global X (BITS) | $26.10M |
| Ark/21 Shares (ARKA) | $8.01M |
| Hashdex (DEFI) | $5.00M |
| Bitwise (BITC) | $4.55M |
| ProShares (BETH) | $4.43M |
| ProShares (BETE) | $2.45M |
| Ark/21 Shares (ARKC) | $1.20M |
| Ark/21 Shares (ARKY) | $614.70K |
Among them, BITO, XBTF, BTF, BITS, ARKA, DEFI, and BITC are the top seven Bitcoin Futures ETFs, on the basis of Asset Under Management.
Let’s analyse these top Bitcoin Futures ETFs deeply using various parameters.
1.1. Bitcoin Futures ETF: A Basic Data Overview
This basic data overview gives an overall picture of the top player’s performance.
| Bitcoin Futures ETF | Price | Volume | 1 Month Average Volume | AUM | Shares |
| ProShares (BITO) | $30.11 | 23,632,100 | 29,578,224 | $598.78M | 94.5M |
| VanEck (XBTF) | $39.22 | 51,752 | $42.41M | 1.1M | |
| Valkyrie (BTF) | $19.92 | 87,600 | 100,309 | $38.20M | 2.8M |
| Global X (BITS) | $69.35 | 15,900 | 17,705 | $26.10M | 0.4M |
| Ark/21 Shares (ARKA) | $64.28 | 2,700 | 9,136 | $8.01M | 0.3M |
| Hashdex (DEFI) | $75.96 | 12,000 | 9,645 | $5.00M | 0.4M |
| Bitwise (BITC) | $51.38 | 11,700 | 18,295 | $4.55M | 0.1M |
Let’s go beyond what the basic data communicates.
1.2. Bitcoin Futures ETF Monthly Average Volume Analysis
| Bitcoin Futures ETF | 1 Month Average Volume |
| ProShares (BITO) | 29,578,224 |
| VanEck (XBTF) | 51,752 |
| Valkyrie (BTF) | 100,309 |
| Global X (BITS) | 17,705 |
| Ark/21 Shares (ARKA) | 9,136 |
| Hashdex (DEFI) | 9,645 |
| Bitwise (BITC) | 18,295 |
In the Bitcoin Futures ETF Monthly Average Volume Analysis, ProShares (BITO) emerges as the dominant player, boasting 29,578,224 trades on average per month. VanEck (XBTF) follows with a significantly lower volume of 51,752 trades. Valkyrie (BTF) maintains a moderate volume at 100,309 trades.
Meanwhile, Bitwise (BITC), Global X (BITS), and Hashdex (DEFI) exhibit relatively lower activity, recording 18,295, 17,705, and 9,645 trades respectively. Ark/21 Shares (ARKA) trails with 9,136 trades on average per month.
1.3. Bitcoin Futures ETF Expense Ratio Analysis
The below data compares the cost efficiency of a Bitcoin Futures ETF to its peers.
| Bitcoin Futures ETF | Expense Ratio (in %) |
| ProShares (BITO) | 0.95% |
| VanEck (XBTF) | 0.76% |
| Valkyrie (BTF) | 1.24% |
| Global X (BITS) | 0.65% |
| Ark/21 Shares (ARKA) | 0.70% |
| Hashdex (DEFI) | 0.94% |
| Bitwise (BITC) | 0.85% |
In the Bitcoin Futures ETF Expense Ratio Analysis, Valkyrie (BTF) holds the highest expense ratio at 1.24%, indicating higher costs of investors. ProShares (BITO) follows closely with a 0.95% ratio. Hashdex (DEFI) and Bitwise (BITC) stand at 0.94% and 0.85% respectively. VanEck (XBTF) maintains a moderate ratio of 0.76%. Ark/21 Shares (ARKA) and Global X (BITS) present lower expense ratios of 0.70% and 0.65% respectively, suggesting relatively more cost-effective options.
1.4. Bitcoin Futures ETF Performance Analysis
This data shows how a Bitcoin Futures ETF has performed relative to its peers this month.
| Bitcoin Futures ETF | 1 Month Return (in %) |
| ProShares (BITO) | +22.58% |
| VanEck (XBTF) | -0.83% |
| Valkyrie (BTF) | +20.77% |
| Global X (BITS) | +3.62% |
| Ark/21 Shares (ARKA) | +23.16% |
| Hashdex (DEFI) | +20.73% |
| Bitwise (BITC) | +22.78% |
In the Bitcoin Futures ETF Performance Analysis, ARK/21 Shares (ARKA) emerges as the frontrunner with an impressive one-month return of +23.16%.
Following closely, Bitwise (BITC) and ProShares (BITO) exhibit strong performances at +22.78% and +22.58% respectively. Valkyrie (BTF) and Hashdex (DEFI) also demonstrate robust returns, both exceeding 20%.
Conversely, Global X (BITS) shows a modest return of +3.62%, while VanEck (XBTF) records a slight decline with -0.83%.
1.5. Bitcoin Futures ETF One Month Net Fund Flow Analysis
| Bitcoin Futures ETF | One Month Net Fund Flow |
| ProShares (BITO) | +189.47M |
| VanEck (XBTF) | -11.49M |
| Valkyrie (BTF) | +4.9M |
| Global X (BITS) | +4.03M |
| Ark/21 Shares (ARKA) | +1.77M |
| Hashdex (DEFI) | +0.61553M |
| Bitwise (BITC) | +5.32M |
In the Bitcoin Futures ETF One Month Net Fund Flow Analysis, ProShares (BITO) commands the highest influx with an impressive +$189.47 million. Following suit, Bitwise (BITC) and Valkyrie (BTF) attract +$5.32…
Read More: Bitcoin ETF March Monthly Report: Insights into Performance Trends