Bitcoin ETFs: A Monthly Analysis of Futures and Spot ETFs

Enter the realm of Bitcoin ETFs, a burgeoning trend that recently gained significant momentum. The monthly analysis, which delves deep into the performance of both Bitcoin Futures ETS and Spot ETFs, aims to provide invaluable insights for all, including newcomers. This dissects key metrics including one-month average volume, expense ratio, one-month return, and net fund flow. But that is not all – this exploration goes beyond the numbers, offering an in-depth technical analysis to unveil hidden insights.

Bitcoin exchange-traded funds (ETFs) have been gaining popularity in recent months, especially after the SEC approved the first Bitcoin Spot ETF in June. Both Bitcoin Futures ETFs and Spot ETFs saw strong performance in March, with several ETFs generating high returns and attracting massive net fund flows.

In this article, we will analyze the performance of both Bitcoin Futures ETFs and Spot ETFs in detail, covering key metrics such as one-month average volume, expense ratio, one-month return, and net fund flow. We will also perform a technical analysis of the top ETFs to gain insights into their short-term momentum and volatility levels.

Let’s dive in!

At the time of performing this analysis, BITO, XBTF, BTF, BITS, ARKA, DEFI, BITC, BETH, BETE, and ARKC are the prominent ETFs in the Bitcoin Futures ETF market.

Among them, GBTC, IBIT, FBTC, ARKB, and BITB are the top five Bitcoin Spot ETFs based on Asset Under Management.

Let’s analyze these top Bitcoin Futures ETFs and Spot ETFs using various parameters.

This basic data overview gives an overall picture of the top player’s performance.

Let’s go beyond what the basic data communicates.

1.2. Bitcoin Futures ETF Monthly Average Volume Analysis

Among the top Bitcoin Futures ETFs, BITO has the highest one-month average volume of 8,242,195. XBTF and BTF follow with 51,752 and 36,191, respectively. BITO also marks the highest three-month average volume of 16,158,040. BTF and XBTF follow with 55,469 and 40,445, respectively. Interestingly, XBTF’s one-month average volume is higher than its three-month average volume, unlike other ETFs.

1.3. Bitcoin Futures ETF Expense Ratio Analysis

The data below compares the cost efficiency of a Bitcoin Futures ETF to that of its peers.

Among the top Bitcoin Futures ETFs, BITS shows the smallest expense ratio of 0.65%. ARKA and XBTF follow with 0.70% and 0.76%, respectively. BITO registers a 0.95% expense ratio, and BTF 1.24%.

1.4. Bitcoin Futures ETF Performance Analysis

This data shows how a Bitcoin Futures ETF has performed relative to its peers this month.

Among the top Bitcoin Futures ETFs, BTF registers the highest one-month return of 13.73%. BITO, ARKA, and BITS are followed by 8.81%, 8.48%, and 8.19%, respectively. XBTF reports the lowest return of -0.83%. Meanwhile, XBTF displays the highest three-month return of 20.42%. BTF, BITO, and ARKA are followed by 12.18%, 11.45%, and 10.48%, respectively. BITS has the lowest three-month return of 0.38%. Notably, the three-month return values of BITO, XBTF, and ARKA are higher than its one-month return. The opposite is the case for BTF and BITS.

1.5. Bitcoin Futures ETF One Month Net Fund Flow Analysis

Among the Bitcoin Futures ETFs, none of them has a positive one-month net fund follow. The BITO reports the highest one-month negative net fund flow of -127.18M. XBTF, BITS, and BTF follow with -11.49M, -2.04M, and -1.37M, respectively.

1.6. Bitcoin Futures ETF Technical Analysis

The technical analysis of BITO, XBTF, BTF, BITS, and ARKA using Williams % Range, MACD, RSI, and 20-day volatility reveals varied short-term momentum and volatility levels. BITO and ARKA exhibit