Is it advisable to invest in Bitcoin ETFs? A comprehensive monthly review and analysis for April 2024.
Get ready to revolutionize your understanding of investing in Bitcoin because the introduction of Bitcoin ETFs has taken the game to a whole new level of excitement and potential profitability!
With a wide range of options available, it can be challenging to determine which Bitcoin ETF is the right fit for you. But don’t worry, we’ve got all the answers you need!
Our comprehensive monthly analysis dives deep into the performance of both Bitcoin Futures ETFs and Spot ETFs. We provide invaluable insights for all investors, including newcomers, by analyzing key metrics such as one-month average volume, expense ratio, one-month return, and net fund flow.
Let’s jump right into the details!
1. Bitcoin Futures ETF In-Depth Analysis
Bitcoin Futures Exchange-Traded Funds (ETFs) have experienced significant growth, with BITO, BTF, BITS, ARKA, DEFI, BETH, BETE, ARKY, ARKC, and BITC emerging as key players in the market.
Now let’s delve into the performance and dynamics of these ETFs.
Bitcoin Futures ETF AUM:
– BITO: $2,381.3M
– BTF: $50.3M
– BITS: $23.5M
– ARKA: $16.8M
– DEFI: $11.6M
– BETH: $6.9M
– BETE: $5.1M
– ARKY: $4.5M
– ARKC: $2.4M
– BITC: $1.3M
Among these Bitcoin Futures ETFs, BITO, BTF, BITS, ARKA, DEFI, BETH, and BETE have garnered significant attention based on their Asset Under Management (AUM).
Let’s analyze these top Bitcoin Futures ETFs in detail using various parameters.
1.1. Bitcoin Futures ETF: A Basic Data Overview
This overview provides a comprehensive snapshot of each ETF’s performance.
Bitcoin Futures ETF:
– BITO:
– Price: $29.03
– Price Change: N/A
– Volume: 9,818,100
– 1 Month Average Volume: 15,493,391
– 3 Month Average Volume: 20,171,544
– AUM: $2,381.3M
– Shares: 85.7M
– BTF:
– Price: $19.20
– Price Change: +2.78%
– Volume: 46,900
– 1 Month Average Volume: 47,687
– 3 Month Average Volume: 70,756
– AUM: $50.3M
– Shares: 2.7M
– BITS:
– Price: $65.51
– Price Change: +5.22%
– Volume: 10,300
– 1 Month Average Volume: 9,443
– 3 Month Average Volume: 11,563
– AUM: $23.5M
– Shares: 0.4M
– ARKA:
– Price: $63.88
– Price Change: +3.51%
– Volume: 1,900
– 1 Month Average Volume: 4,622
– 3 Month Average Volume: 6,603
– AUM: $16.8M
– Shares: 0.3M
– DEFI:
– Price: $76.25
– Price Change: +3.64%
– Volume: 2,100
– 1 Month Average Volume: 13,722
– 3 Month Average Volume: 9,353
– AUM: $11.6M
– Shares: 0.2M
– BETH:
– Price: $80.51
– Price Change: +3.25%
– Volume: 2,100
– 1 Month Average Volume: 2,004
– 3 Month Average Volume: 2,128
– AUM: $6.9M
– Shares: 0.1M
– BETE:
– Price: $76.68
– Price Change: +3.02%
– Volume: 6,500
– 1 Month Average Volume: 2,152
– 3 Month Average Volume: 2,584
– AUM: $5.1M
– Shares: 0.1M
Let’s analyze these ETFs further to gain a better understanding of their performance.
1.2. Bitcoin Futures ETF Monthly Average Volume Analysis
Among the top seven Bitcoin Futures ETFs, BITO has the highest one-month average volume of 15,493,391, although it is lower than its three-month average volume of 20,171,544. BTF follows with 47,687, which is significantly lower than its three-month average volume of 70,756. DEFI outperforms its three-month average volume of 9,353 with a one-month average volume of 13,722.
1.3. Bitcoin Futures ETF Expense Ratio Analysis
Let’s compare the cost efficiency of Bitcoin Futures ETFs.
– BITO: 0.95%
– BTF: 1.24%
– BITS: 0.65%
– ARKA: 0.70%
– DEFI: 0.94%
– BETH: 1.33%
– BETE: 1.33%
Among the top Bitcoin Futures ETFs, BETE and BETH have the highest expense ratio of 1.33%. BTF closely follows with 1.24%, while BITO registers a 0.95% expense ratio. DEFI has a 0.94% expense ratio, and BITS shows the lowest ratio of 0.65%. ARKA has the second lowest ratio at 0.70%.
1.4. Bitcoin Futures ETF Performance Analysis
Let’s see how each Bitcoin Futures ETF has performed relative to its peers in the past month.
Among the top seven Bitcoin Futures ETFs, all of them show negative returns in the one-month return analysis. BTF is the worst performer with a negative return of -8.35%, followed by BETE with -8.10%. BITS registers a -7.01% return, while BETH and ARKA showcase -6.46% and -5.03% respectively. DEFI demonstrates a better performance with -4.69%, and BITO follows with -4.87%.
In the three-month return analysis, BITO stands out with a return of 54.15%, followed closely by ARKA with 53.03% and DEFI with 50.82%.
1.5. Bitcoin Futures ETF One Month Net Fund Flow Analysis
Let’s analyze the net fund flow of Bitcoin Futures ETFs in the past month.
Among the top seven Bitcoin Futures ETFs, only ARKA exhibits positive net fund flow with a value of +0.01015 million. BITO has the biggest negative fund flow of -256.68 million, while DEFI shows -14.59 million. BITS and BTF show -2.22M and -1.14M respectively.
1.6. Bitcoin Futures ETF Technical Analysis
Let’s analyze the technical indicators of Bitcoin Futures ETFs.
Among the top seven Bitcoin Futures ETFs, BTF, BITS, DEFI, and BETE are moving towards the overbought territory according to the Williams % Range (20 Days) indicator. This suggests a potential price correction or reversal. BITO, ARKA, and BETH are neither in the overbought nor oversold territory.
All the ETFs show bearish trends according to the MACD (15 Period) indicator, as none of them have a positive value.
Only ARKA is in the bullish phase according to the 20-Day Moving Average indicator, as its current value outperforms its average value.
All the ETFs remain in the bullish territory according to the RSI (30 Days) indicators, as every ETF has an RSI value of 50 or above.
BITS and BETH enjoy comparatively lower-level price fluctuations according to the 20-Day Volatility indicator. BTF and BETE have higher-level price fluctuations, indicating the potential for sharp price movements.
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2. Bitcoin Spot ETF In-Depth Analysis
At the time of this analysis, GBTC, IBIT, FBTC, ARKB, BITB, HODL, BRRR, BTCO, EZBC, and BTCW are the prominent players in the Bitcoin Spot ETF market.
Let’s analyze these top Bitcoin Spot ETFs using various parameters.
2.1. Bitcoin Spot ETF: A Basic Data Overview
This overview provides a comprehensive snapshot of each ETF’s performance.
Bitcoin Spot ETF:
– GBTC:
– Price: $59.26
– Price Change: +3.40%
– Volume: 7,510,600
– 1 Month Average Volume: 12,233,719
– 3 Month Average Volume: 16,223,058
– Shares: 342.4M
– AUM: $19,381.0M
– IBIT:
– Price: $37.93
– Price Change: +3.44%
– Volume: 29,881,102
– 1 Month Average Volume: 40,252,704
– 3 Month Average Volume: 39,155,628
– Shares: 479.6M
– AUM: $17,303.5M
– FBTC:
– Price: $58.23
– Price Change: +3.39%
– Volume: 6,580,300
– 1 Month Average Volume: 9,599,762
– 3 Month Average Volume: 11,634,737
– Shares: 174.4M
– AUM: $9,659.2M
– ARKB:
– Price: $66.60
– Price Change: +3.38%
– Volume: 1,606,900
– 1 Month Average Volume: 2,359,619
– 3 Month Average Volume: 2,981,728
– Shares: 43.2M
– AUM: $2,774.1M
– BITB:
– Price: $36.33
– Price Change: +3.47%
– Volume: 1,568,400
– 1 Month Average Volume: 2,360,881
– 3 Month Average Volume: 2,977,542
– Shares: 61.7M
– AUM: $2,162.7M
– HODL:
– Price: $75.38
– Price Change: +3.59%
– Volume: 225,500
– 1 Month Average Volume: 313,848
– 3 Month Average Volume: 489,970
– Shares: 8.1M
– AUM: $590.7M
– BRRR:
– Price: $18.80
– Price Change: -0.37%
– Volume: 187
– 1 Month Average Volume: 714,648
– 3 Month Average Volume: 552,800
– Shares: 28.0M
– AUM: $502.2M
Let’s go beyond the basic data to gain a more comprehensive understanding.
2.2. Bitcoin Spot ETF Average Volume Analysis
Among the top seven Bitcoin Spot ETFs, IBIT has the highest one-month average volume of 40,252,704. GBTC and FBTC follow with 12,233,719 and 9,599,762 respectively. IBIT’s one-month volume is higher than its three-month volume of 39,155,628. Conversely, GBTC’s one-month volume is significantly less than its three-month volume of 16,223,058. FBTC’s one-month volume also experiences a similar decrease from 11,634,737 to 9,599,762.
2.3. Bitcoin Spot ETF Expense Ratio Analysis
Let’s compare the cost efficiency of Bitcoin Spot ETFs.
– GBTC: 1.50%
– IBIT: 0.12%
– FBTC: N/A
– ARKB: 0.21%
– BITB: 0.20%
– HODL: 0.25%
– BRRR: 0.25%
GBTC has the highest expense ratio among the top Bitcoin Spot ETFs at 1.50%. HODL and BRRR report a 0.25% expense ratio. IBIT has the lowest expense ratio at 0.12%. There are reports that Grayscale is planning to introduce a new ETF called Grayscale Bitcoin Mini Trust with a competitive expense ratio to gain a better competitive edge.
2.4. Bitcoin Spot ETF Performance Analysis
Let’s see how each Bitcoin Spot ETF has performed relative to its peers in the past month.
Among the top seven Bitcoin Spot ETFs, BITB has the highest one-month return of 2.19%. ARKB and IBIT follow with 2.12% and 2.10% respectively. FBTC and HODL both display a 2.07% return.
In the three-month return analysis, GBTC shows the highest return of 60.12%. All the other ETFs register returns of more than 59%.
2.5. Bitcoin Spot ETF Net Fund Flow Analysis
Among the top seven Bitcoin Spot ETFs, IBIT exhibits the highest positive net fund flow of +2880M. FBTC follows with +1210M. ARKB, BITB, BRRR, and HODL display positive fund flow. Conversely, GBTC shows the highest negative net fund flow of -4890M. Interestingly, among the top seven ETFs, only GBTC demonstrates a negative one-month net fund flow.
2.6. Bitcoin Spot ETF Technical Analysis
Let’s analyze the technical indicators of Bitcoin Spot ETFs.
Among the top seven Bitcoin Spot ETFs, almost all of them are near the oversold territory according to the Williams % Range (20 Days) indicator. The Williams % range (20 days) value of every ETF is below 46. This suggests that the asset has fallen rapidly, indicating a potential upward price reversal.
All the ETFs show bullish trends according to the MACD (15 Period) indicator, as all of them have positive values indicating that their short-term moving averages are above their longer-term moving averages.
None of the ETFs are favored by the 20-Day Moving Average indicator, as the current price of each ETF is below its 20-Day MA value.
According to the RSI (30 Days) indicator, all of the ETFs remain in the bullish territory, as none of them have an RSI value below 55.
According to the 20-Day Volatility indicator, ARKB has the lowest level of price fluctuations with 64.92% 20-day volatility, while BITB has the highest level with 65.88% 20-day volatility.
Endnote
This in-depth analysis equips you with the knowledge to navigate the booming world of Bitcoin ETFs. We’ve provided insights into both Bitcoin Futures and Spot ETFs by dissecting key metrics like expense ratio, volume, and returns. Additionally, our technical analysis reveals hidden insights, such as ETFs nearing oversold territory or hinting at bullish trends. With this knowledge, you can make informed decisions about whether Bitcoin ETFs are suitable for your investment portfolio. The choice is now yours!