What are the top performing cryptocurrency ETFs in the market?
9/17/2025 02:47am
**Quick Take 🏆**
Based on the past-year performance, the leaders of the crypto-ETF pack are dominated by Bitcoin-focused and leveraged strategies. The standout is CoinShares Bitcoin Leverage ETF (BTFX), up **≈ 156 %** in the last 12 months, with several 2-times leveraged products close behind. 📈
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### Top-Performing Cryptocurrency ETFs (1-Year Total Return)
| Rank | Ticker | ETF Name | 12-M Return* | Structure | Latest AUM ($) |
|------|--------|----------|--------------|-----------|----------------|
| 1 | **BTFX.O** | CoinShares Bitcoin Leverage ETF | **+156.5 %** | 2× Leveraged BTC | 15 M |
| 2 | **BTCL.B** | T-Rex 2× Long Bitcoin Daily Target ETF | +149.1 % | 2× Leveraged BTC | 56 M |
| 3 | **BITU.P** | ProShares Ultra Bitcoin ETF | +140.0 % | 2× Leveraged BTC | 1.19 B |
| 4 | **WGMI.O** | CoinShares Bitcoin Mining ETF | +125.5 % | Equity/Mining | 203 M |
| 5 | **STCE.P** | Schwab Crypto Thematic ETF | +123.2 % | Broad Crypto Equity | 216 M |
| 6 | **BITX.B** | 2× Bitcoin Strategy ETF | +122.5 % | 2× Leveraged BTC | 2.46 B |
| 7 | **HODL.B** | VanEck Bitcoin ETF | +94.9 % | Spot/Bitcoin | 2.04 B |
| 8 | **EZBC.B** | Franklin Bitcoin ETF | +94.8 % | Spot/Bitcoin | 647 M |
| 9 | **BTCW.B** | WisdomTree Bitcoin Fund | +94.7 % | Spot/Bitcoin | 184 M |
|10 | **DEFI.P** | Hashdex Bitcoin ETF | +94.7 % | Spot/Bitcoin | 15 M |
\*Return column reflects “Percentage Change [2024-09-16 → 2025-09-16]” as captured by Ainvest’s FinScreener.
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#### Key Insights 🔍
1. **Leverage Turbo-charges Returns — and Risk**
Four of the top six funds (BTFX, BTCL, BITU, BITX) deliver **2× daily exposure** to Bitcoin prices, explaining their outsized gains. Remember, the multiplier also magnifies drawdowns and daily volatility.
2. **Spot Bitcoin ETFs Hold Their Own**
Traditional, unlevered spot-based products (EZBC, BTCW, HODL) still posted ~95 % gains, essentially mirroring Bitcoin’s rally over the last year but with lower volatility than their leveraged cousins.
3. **Mining & Thematic Plays Offer Diversification**
WGMI and STCE ride crypto adoption from another angle—Bitcoin miners and broad blockchain equities—providing indirect exposure that can occasionally out- or under-perform spot BTC.
4. **Asset-Gathering Winners**
Despite moderate performance rank, products like BITX and BITU already command multi-billion-dollar AUM, implying strong market appetite for leveraged exposure. Spot vehicles HODL and EZBC have also attracted > $600 M each, signalling investor confidence.
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### Before You Dive In 🛡️
• **Volatility Check** – A 2× ETF can lose 20 % in a day if Bitcoin drops 10 %. Make sure this aligns with your high-risk tolerance.
• **Holding Horizon** – Leveraged ETFs are designed for **short-term** tactical trades, not long-term buy-and-hold, due to daily reset and compounding drag.
• **Liquidity & Spreads** – Smaller funds (e.g., DEFI, BTFX) can have wider bid-ask spreads; factor this into total cost.
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### Next Step?
Given your goal of capital growth and willingness to embrace higher risk, how long are you comfortable maintaining a position in a leveraged ETF if Bitcoin chops sideways for a month? 🤔
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: Source: Ainvest FinScreener query “ETF with Cryptocurrency theme; YTD Return, 1-Year Return, 3-Month Return, Assets Under Management”, data captured 2025-09-16, result IDs 1–3.