BTCO vs BTCW
Both funds charge the same fee: 0.25% a year. BTCO is larger, holding slightly more BTC (5,113 BTC vs 3,746 BTC). Over the last 20 trading days, BTCO saw outflows of $8.3M and BTCW saw outflows of $4M.
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| BTCO | BTCW | |
|---|---|---|
| Fund | Invesco Galaxy Bitcoin ETF | WisdomTree Bitcoin Fund |
| Issuer | Invesco / Galaxy | WisdomTree |
| Exchange | Cboe BZX | Cboe BZX |
| Launched | 2024-01-11 | 2024-01-11 |
| Yearly fee | 0.25% ($25 / $10k) | 0.25% ($25 / $10k) |
| Custodian | Coinbase Custody | Coinbase Custody |
| BTC held | 5,113 BTC | 3,746 BTC |
| Cumulative flow | +$136M | +$78M |
| 5-day flow | −$4.1M | $0M |
| 20-day flow | −$8.3M | −$4M |
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; BTCO holds more BTC, but check trading volume with your broker.
- Custody: both funds keep their BTC with Coinbase Custody.
Not investment advice.
Flows over the last 20 trading days
| Date | BTCO | BTCW |
|---|---|---|
| 21 October 2026 | $0M | $0M |
| 20 October 2026 | $0M | $0M |
| 19 October 2026 | $0M | $0M |
| 16 October 2026 | $0M | $0M |
| 15 October 2026 | −$4.1M | $0M |
| 14 October 2026 | $0M | $0M |
| 13 October 2026 | $0M | $0M |
| 12 October 2026 | $0M | $0M |
| 9 October 2026 | $0M | $0M |
| 8 October 2026 | $0M | $0M |
| 7 October 2026 | $0M | $0M |
| 6 October 2026 | $0M | $0M |
| 5 October 2026 | $0M | $0M |
| 2 October 2026 | $0M | $0M |
| 1 October 2026 | −$4.2M | $0M |
| 30 September 2026 | $0M | $0M |
| 29 September 2026 | $0M | $0M |
| 28 September 2026 | $0M | $0M |
| 25 September 2026 | $0M | $0M |
| 24 September 2026 | $0M | −$4M |
| 20-day total | −$8.3M | −$4M |
Net flow, USD millions · Farside Investors (22 Oct 2026, 19:30 London) · the latest day may be preliminary
FAQ
- Is BTCO or BTCW cheaper?
- They charge the same fee: 0.25% a year.
- Which holds more bitcoin, BTCO or BTCW?
- BTCO: 5,113 BTC vs 3,746 BTC for BTCW, per bitcointreasuries.net as of 22 Oct 2026, 13:35 London.
- Do BTCO and BTCW hold real bitcoin?
- Yes. Both are US spot bitcoin ETFs that hold BTC directly: BTCO with Coinbase Custody as custodian, BTCW with Coinbase Custody. The share price tracks BTC minus the fee.