Blockchain ETFs vs. Bitcoin ETFs: What's the Difference?

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The rise of digital assets has opened new doors for traditional investors seeking exposure to the cryptocurrency and blockchain revolution—without the complexity of managing digital wallets or private keys. Two investment vehicles have emerged at the forefront: Bitcoin ETFs and Blockchain ETFs. While often mentioned together, they serve fundamentally different purposes and carry distinct risk and return profiles.

Understanding the difference between these two types of exchange-traded funds (ETFs) is crucial for making informed investment decisions in today’s evolving financial landscape.

Understanding the Core Difference

At a glance, Bitcoin and blockchain may seem synonymous—but they are not. Bitcoin is a decentralized digital currency that operates on a public ledger known as the blockchain. The blockchain, in turn, is the underlying technology that enables secure, transparent, and tamper-proof record-keeping across industries far beyond cryptocurrency.

This distinction shapes the very foundation of these ETFs:

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What Are Blockchain ETFs?

Blockchain ETFs do not hold any cryptocurrency. Instead, they invest in the stocks of publicly traded companies actively involved in blockchain innovation. These can include tech giants, financial institutions, logistics firms, and semiconductor manufacturers whose operations benefit from or contribute to blockchain infrastructure.

For example:

Because these ETFs track equities rather than volatile digital assets, they tend to be more stable than Bitcoin-focused funds. Their performance aligns more closely with broader market trends and corporate earnings than with crypto market swings.

Key Features of Blockchain ETFs

As Christian Magoon, CEO of Amplify ETFs, puts it: “Bitcoin needs blockchain, but blockchain doesn’t need Bitcoin.” This highlights how blockchain’s utility extends far beyond cryptocurrency.

What Are Bitcoin ETFs?

Bitcoin ETFs are designed to reflect the price of Bitcoin, allowing investors to gain exposure without directly owning or storing the asset. There are two primary types:

  1. Bitcoin Futures ETFs – These funds hold futures contracts tied to Bitcoin’s future price. The first of these, the ProShares Bitcoin Strategy ETF (BITO), launched in October 2021.
  2. Bitcoin Spot ETFs – These directly hold actual Bitcoin. After years of regulatory hesitation, the U.S. Securities and Exchange Commission (SEC) approved the first spot Bitcoin ETFs in January 2024—marking a major milestone for crypto adoption.

The approval followed a 2023 federal court ruling that criticized the SEC’s inconsistent reasoning in rejecting Grayscale Investments’ application. This shift signaled growing regulatory acceptance of crypto-based financial products.

Additionally, in May 2024, the SEC approved a rule change allowing ETFs to hold Ether (ETH), opening the door for future Ethereum-based ETFs.

Key Features of Bitcoin ETFs

Some hybrid funds, like the Global X Blockchain and Bitcoin Strategy ETF (BITS), combine both strategies—investing in blockchain stocks and Bitcoin futures—which can blur the lines between the two categories.

Key Differences Between Blockchain and Bitcoin ETFs

AspectBlockchain ETFsBitcoin ETFs
Underlying AssetsStocks of blockchain-related companiesBitcoin (directly or via futures)
VolatilityLowerHigher
Regulatory ScrutinyMinimalHigh
Market CorrelationBroader equity marketsCrypto-specific events
Storage RiskNone (no crypto held)Managed by fund custodians

While both types offer access to the digital economy, their investment thesis diverges significantly.

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How Do They React to Market Changes?

Bitcoin ETFs react strongly to crypto-specific developments:

Their prices often move independently of traditional markets.

Blockchain ETFs, on the other hand, follow broader technology and financial trends:

They’re influenced less by crypto sentiment and more by corporate performance and sectoral growth.

How to Invest in Blockchain and Bitcoin ETFs

Both types of ETFs are accessible through standard brokerage platforms such as Fidelity, E*Trade, and Robinhood.

To Invest in Blockchain ETFs:

  1. Use your broker’s ETF screener.
  2. Search keywords like “blockchain.”
  3. Review each fund’s holdings, expense ratio, and historical performance.
  4. Choose one aligned with your risk tolerance and investment goals.

To Invest in Bitcoin ETFs:

  1. Search for “Bitcoin” or “crypto” in your broker’s screener.
  2. Differentiate between spot and futures-based ETFs.
  3. Consider management fees—lower expense ratios improve long-term returns.
  4. Monitor regulatory developments that may impact fund operations.

Always assess the expense ratio, as higher fees can erode gains over time.

Frequently Asked Questions (FAQ)

Q: Are Bitcoin ETFs safer than holding Bitcoin directly?
A: Yes—for many investors. ETFs eliminate the need to manage private keys or worry about exchange hacks. Custodial security is handled by regulated institutions.

Q: Do blockchain ETFs include cryptocurrency holdings?
A: Typically no. Most invest solely in company stocks involved in blockchain development or implementation.

Q: Can I lose money investing in these ETFs?
A: Absolutely. Both types carry risk—Bitcoin ETFs due to crypto volatility, and blockchain ETFs due to equity market fluctuations and company performance.

Q: Which type has higher growth potential?
A: Bitcoin ETFs may offer higher short-term returns during bull markets, while blockchain ETFs could provide steadier long-term growth as adoption expands across industries.

Q: Are there tax differences between the two?
A: In the U.S., both are generally taxed as securities. However, some Bitcoin ETF structures may have unique tax implications—consult a tax advisor.

Q: When did Bitcoin ETFs become available?
A: Bitcoin futures ETFs launched in October 2021; spot Bitcoin ETFs began trading in January 2024 after SEC approval.

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Final Thoughts

As digital assets gain mainstream acceptance, both Bitcoin ETFs and Blockchain ETFs offer compelling entry points for investors—but with different objectives.

Choose Bitcoin ETFs if you want direct exposure to cryptocurrency price movements and believe in Bitcoin’s long-term value proposition.

Opt for Blockchain ETFs if you prefer diversified exposure to technological innovation with lower volatility and stronger ties to established industries.

Regardless of your choice, understanding the distinction ensures smarter, more strategic investing in the future of finance.


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