Compare BITCOIN.XBT vs. BTCE ETF performance

Comparing 2 ETFs

Performance (December 17, 2025 - March 17, 2026)
BITCOIN.XBT
-16.01%
BTCE
-15.75%
-30-20-10010%JANFEBMAR0
Comparison analysis

CoinShares XBT Provider Bitcoin Tracker One ETP (BITCOIN.XBT) and Bitwise Physical Bitcoin ETP (BTCE) belong to the Bitcoin and Digital Infrastructure & Connectivity industry segments. BITCOIN.XBT replicates its index using the Indirect with a - model, while BTCE is built on a Direct (Physical) replication method with a Physically backed model. With a Total Expense Ratio (TER) of 2.5%, BITCOIN.XBT is more expensive than BTCE, with 2%. BITCOIN.XBT has a 3M average daily volume (ADV) of +SEK 21M vs. +$5.3M for BTCE.  The recorded 1Y bid-ask spread is +22.87bps (BITCOIN.XBT) and +6.10bps (BTCE). The table below shows the full side-by-side ETF comparison of BITCOIN.XBT and BTCE, with detailed data on performance, flows, liquidity, exposure to individual stocks, segments, sectors, and geographies, helping you select the best ETFs.

BITCOIN.XBT
CoinShares XBT Provider Bitcoin Tracker One ETP - SEKThis ETP provides exposure to Bitcoin
ISIN
SE0007126024
BTCE
Bitwise Physical Bitcoin ETP - USDThis ETP provides exposure to Bitcoin
ISIN
DE000A27Z304
Product Type
Passive ETP
Passive ETP
 
Strategy
Long only
Long only
 
NAV
SEK 3,056.73
$65.87
 
AuM
-
-
 
E/R
2.5%
2%
 
Rating
Not rated
Not rated
 
 
Provider
 
Investment strategy
The certificates provide exposure to the performance of the digital currency bitcoin by synthetically tracking performance of the price of bitcoin (BTC/USD) less a fee.
The Bitwise Physical Bitcoin ETP (primary ticker: BTCE) is a physically backed exchange-traded product issued in Germany, designed to provide investors a secure and efficient way to gain exposure to Bitcoin.
 
Dividend policy
No income
No income
 
 
 
Tax optimisation
 
PEA
 
UK Reporting
 
 
Performance and flows
Perf.
Flows
Perf.
Flows
 
1 month
+14.64%
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+9.16%
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3 months
-16.01%
-15.76%
 
1 year
-22.30%
-14.31%
 
3 years
+142.53%
+163.07%
 
5 years
+32.38%
+15.87%
 
Month to date
+17.60%
+12.13%
 
Quarter to date
-16.60%
-16.02%
 
Year to date
-16.60%
-16.02%
 
 
Volatility and risk
1 year
3 years
5 years
1 year
3 years
5 years
 
Volatility
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Perf./Volatility
 
Max drawdown
 
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Access exclusive metrics and features to support your investment decisions.
 
 
Exposure
 
Countries
-
-
 
Sectors or issuer types
-
-
 
Number of holdings
-
-
 
Weight of top 15 holdings
-
 
Top 15 holdings
-
 
 
Replication
 
Benchmark
 
Replication method
 
Replication model
 
Trackinsight replication rating
Not rated
Not rated
 
Tracking error (1Y)
 
Tracking difference (1Y)
 
 
Sustainability
 
ESG Consensus®
esg grade icon
esg grade icon
 
SDG
 

Frequently asked questions about BITCOIN.XBT and BTCE

How did BITCOIN.XBT and BTCE perform in 2026?

As of yesterday, BITCOIN.XBT has delivered a year-to-date performance of -16.60%, while BTCE has returned -16.02%.

Which ETF shows higher volatility: BITCOIN.XBT or BTCE?

As of yesterday, BITCOIN.XBT reported a 1-year volatility of 43.64%, whereas BTCE registered volatility 41.49% over the same period.

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