BTCW vs HODL
HODL is cheaper: 0.2% vs 0.25% a year, or $5 less per $10,000. HODL is larger, holding about 3.9× more BTC (14,767 BTC vs 3,746 BTC). Over the last 20 trading days, BTCW saw outflows of $4M and HODL saw outflows of $4.8M.
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| BTCW | HODL | |
|---|---|---|
| Fund | WisdomTree Bitcoin Fund | VanEck Bitcoin ETF |
| Issuer | WisdomTree | VanEck |
| Exchange | Cboe BZX | Cboe BZX |
| Launched | 2024-01-11 | 2024-01-11 |
| Yearly fee | 0.25% ($25 / $10k) | 0.2% ($20 / $10k) |
| Custodian | Coinbase Custody | Gemini, Coinbase Custody |
| BTC held | 3,746 BTC | 14,767 BTC |
| Cumulative flow | +$78M | +$1,008M |
| 5-day flow | $0M | $0M |
| 20-day flow | −$4M | −$4.8M |
Sources: Farside Investors (22 Oct 2026, 21:35 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: the fee matters most, and HODL charges less (0.2% vs 0.25%).
- Active trading: a larger fund is usually easier to trade; HODL holds more BTC, but check trading volume with your broker.
- Custody: BTCW uses Coinbase Custody, HODL uses Gemini, Coinbase Custody.
Not investment advice.
Flows over the last 20 trading days
| Date | BTCW | HODL |
|---|---|---|
| 21 October 2026 | $0M | $0M |
| 20 October 2026 | $0M | $0M |
| 19 October 2026 | $0M | $0M |
| 16 October 2026 | $0M | $0M |
| 15 October 2026 | $0M | $0M |
| 14 October 2026 | $0M | $0M |
| 13 October 2026 | $0M | $0M |
| 12 October 2026 | $0M | $0M |
| 9 October 2026 | $0M | +$2.3M |
| 8 October 2026 | $0M | $0M |
| 7 October 2026 | $0M | −$3.5M |
| 6 October 2026 | $0M | $0M |
| 5 October 2026 | $0M | $0M |
| 2 October 2026 | $0M | $0M |
| 1 October 2026 | $0M | −$3.6M |
| 30 September 2026 | $0M | $0M |
| 29 September 2026 | $0M | $0M |
| 28 September 2026 | $0M | $0M |
| 25 September 2026 | $0M | $0M |
| 24 September 2026 | −$4M | $0M |
| 20-day total | −$4M | −$4.8M |
Net flow, USD millions · Farside Investors (22 Oct 2026, 21:35 London) · the latest day may be preliminary
FAQ
- Is BTCW or HODL cheaper?
- HODL: 0.2% a year vs 0.25% for BTCW, a difference of $5 a year per $10,000.
- Which holds more bitcoin, BTCW or HODL?
- HODL: 14,767 BTC vs 3,746 BTC for BTCW, per bitcointreasuries.net as of 22 Oct 2026, 13:35 London.
- Do BTCW and HODL hold real bitcoin?
- Yes. Both are US spot bitcoin ETFs that hold BTC directly: BTCW with Coinbase Custody as custodian, HODL with Gemini, Coinbase Custody. The share price tracks BTC minus the fee.