Which Is the Lowest Fee Bitcoin ETF?

The lowest fee bitcoin ETF trading in the United States is Morgan Stanley's MSBT, at 0.14% a year. Grayscale's Bitcoin Mini Trust (ticker BTC) is next at 0.15%, then Franklin's EZBC at 0.19% and Bitwise's BITB at 0.20%. The familiar giants - BlackRock's IBIT and Fidelity's FBTC - both charge 0.25%, which is still a small fraction of the 1.50% that Grayscale's original GBTC trust charges for the same bitcoin.

What does the cheapest fee actually save you?

On $10,000 held for a year, 0.14% is $14 and 0.25% is $25. Eleven dollars. On $100,000 the gap is $110 a year, which is worth a few minutes of attention, and on $1m it is worth a phone call. Against GBTC the picture changes completely: 1.50% on that same $10,000 is $150 every year, for a fund holding exactly what the cheap ones hold.

Is the cheapest fund the best one?

Not automatically, and this is where the hunt for basis points can backfire. MSBT launched in April 2026 and holds a few hundred million dollars, against roughly $66bn in IBIT. Smaller funds tend to trade with a wider spread - the gap between what you pay and what you could immediately sell for - so you can hand back a year of fee savings in the second it takes to buy. It is the cheap flight with the expensive bag fee: compare the total, not the headline.

Watch out for expired waivers

Several of these funds launched with temporary fee waivers that cut the headline number to zero for a period, and those promotions have now run out. An article written during one will quote a fee that no longer exists, so read the number on the issuer's own fund page rather than a blog post.

One practical step before buying: check what your broker charges to trade the fund. A commission-free purchase of a 0.25% fund usually beats a 0.14% fund that costs you a fee each time you add to it. See fees and AUM side by side and the funds compared.