BRRR vs FBTC
Both funds charge the same fee: 0.25% a year. FBTC is larger, holding about 29× more BTC (184,058 BTC vs 6,410 BTC). Over the last 20 trading days, BRRR had no net flow and FBTC saw outflows of $413.5M.
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| BRRR | FBTC | |
|---|---|---|
| Fund | CoinShares Bitcoin ETF (ex-Valkyrie) | Fidelity Wise Origin Bitcoin Fund |
| Issuer | CoinShares | Fidelity |
| Exchange | Nasdaq | Cboe BZX |
| Launched | 2024-01-11 | 2024-01-11 |
| Yearly fee | 0.25% ($25 / $10k) | 0.25% ($25 / $10k) |
| Custodian | Coinbase, BitGo, Komainu | Fidelity Digital Assets |
| BTC held | 6,410 BTC | 184,058 BTC |
| Cumulative flow | +$329M | +$10,597M |
| 5-day flow | $0M | +$122.1M |
| 20-day flow | $0M | −$413.5M |
Sources: Farside Investors (22 Oct 2026, 19:30 London), bitcointreasuries.net (22 Oct 2026, 13:35 London), fee tables (14 Oct 2026, 10:00 London). Not investment advice.
Which is better for you?
- Long-term holding: fees are equal, so size and issuer decide.
- Active trading: a larger fund is usually easier to trade; FBTC holds more BTC, but check trading volume with your broker.
- Custody: BRRR uses Coinbase, BitGo, Komainu, FBTC uses Fidelity Digital Assets.
Not investment advice.
Flows over the last 20 trading days
| Date | BRRR | FBTC |
|---|---|---|
| 21 October 2026 | $0M | +$212.7M |
| 20 October 2026 | $0M | +$3.6M |
| 19 October 2026 | $0M | −$83.6M |
| 16 October 2026 | $0M | −$10.6M |
| 15 October 2026 | $0M | $0M |
| 14 October 2026 | $0M | −$152.7M |
| 13 October 2026 | $0M | +$103.1M |
| 12 October 2026 | $0M | $0M |
| 9 October 2026 | $0M | −$3.6M |
| 8 October 2026 | $0M | −$197.1M |
| 7 October 2026 | $0M | −$105.1M |
| 6 October 2026 | $0M | $0M |
| 5 October 2026 | $0M | −$74.5M |
| 2 October 2026 | $0M | +$29.3M |
| 1 October 2026 | $0M | −$60.7M |
| 30 September 2026 | $0M | −$125.6M |
| 29 September 2026 | $0M | $0M |
| 28 September 2026 | $0M | −$10.9M |
| 25 September 2026 | $0M | +$49.3M |
| 24 September 2026 | $0M | +$12.9M |
| 20-day total | $0M | −$413.5M |
Net flow, USD millions · Farside Investors (22 Oct 2026, 19:30 London) · the latest day may be preliminary
FAQ
- Is BRRR or FBTC cheaper?
- They charge the same fee: 0.25% a year.
- Which holds more bitcoin, BRRR or FBTC?
- FBTC: 184,058 BTC vs 6,410 BTC for BRRR, per bitcointreasuries.net as of 22 Oct 2026, 13:35 London.
- Do BRRR and FBTC hold real bitcoin?
- Yes. Both are US spot bitcoin ETFs that hold BTC directly: BRRR with Coinbase, BitGo, Komainu as custodian, FBTC with Fidelity Digital Assets. The share price tracks BTC minus the fee.