Compare BTIC vs. BTCE ETF performance

Comparing 2 ETFs

Performance (January 9, 2026 - April 9, 2026)
BTIC
-22.06%
BTCE
-22.55%
-30-25-20-15-10-50510%FEBMARAPRFEBMARAPR0
Comparison analysis

Invesco Physical Bitcoin ETP (BTIC) and Bitwise Physical Bitcoin ETP (BTCE) belong to the Bitcoin and Digital Infrastructure & Connectivity industry segments. Both funds use a Direct (Physical) replication method to follow their index and a replication model of Physically backed. With a Total Expense Ratio (TER) of 0.1%, BTIC is cheaper than BTCE, with 2%. BTIC has a 3M average daily volume (ADV) of +$1.2M vs. +$4.9M for BTCE.  The recorded 1Y bid-ask spread is +17.62bps (BTIC) and +6.26bps (BTCE). The table below shows the full side-by-side ETF comparison of BTIC and BTCE, with detailed data on performance, flows, liquidity, exposure to individual stocks, segments, sectors, and geographies, helping you select the best ETFs.

BTIC
Invesco Physical Bitcoin ETP - USDThis ETP provides exposure to Bitcoin
ISIN
XS2376095068
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
$68.88
$64.90
 
AuM
-
-
 
E/R
0.1%
2%
 
Rating
Not rated
Not rated
 
 
Provider
 
Investment strategy
The Invesco Physical Bitcoin ETP aims to track the price of Bitcoin. The objective is to return to the investor the value of the underlying Bitcoin held by the ETP (less costs), which is determined by reference to the CoinShares Bitcoin Reference Rate – 4pm fixing, which reflects real-time trade prices, recorded on a minute-by-minute basis, on the most liquid and reputable digital exchanges.
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
+2.58%
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+2.99%
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3 months
-22.06%
-22.55%
 
1 year
-8.77%
-9.77%
 
3 years
+131.46%
+122.11%
 
5 years
-
+10.14%
 
Month to date
+5.36%
+6.23%
 
Quarter to date
+5.36%
+6.23%
 
Year to date
-19.53%
-19.47%
 
 
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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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 BTIC and BTCE

How did BTIC and BTCE perform in 2026?

As of 4/9/2026, BTIC has delivered a year-to-date performance of -19.53%, while BTCE has returned -19.47%.

Which ETF is seeing higher flows: BTIC or BTCE?

As of 4/9/2026, BTIC has recorded +€21M in net flows YTD, compared to -€16M for BTCE since the beginning of the year.

Which ETF shows higher volatility: BTIC or BTCE?

As of 4/9/2026, BTIC reported a 1-year volatility of 39.12%, whereas BTCE registered volatility 41.47% over the same period.

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