21 Bitcoin ETFs to Buy: What They Are and How to Trade in Singapore

Bitcoin ETFs have emerged as one of the most accessible ways for investors to gain exposure to Bitcoin without directly holding the cryptocurrency. These funds track Bitcoin’s price movements and allow investors to trade Bitcoin on traditional stock exchanges, eliminating the need for personal crypto wallets and private key management.

The introduction of Bitcoin ETFs has significantly changed the landscape of cryptocurrency investing, bridging the gap between traditional finance and digital assets. In January 2024, the U.S. Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs, marking a historic moment for institutional and retail investors alike. This has led to increased demand and availability of Bitcoin ETFs worldwide, including in markets like Hong Kong and Singapore.

However, despite global progress, the Monetary Authority of Singapore (MAS) has not approved spot Bitcoin ETFs for retail investors. That said, Singapore-based investors can still access these ETFs through international brokerage platforms that offer U.S. and Hong Kong-listed Bitcoin ETFs.

What this guide covers

This guide will provide a comprehensive overview of Bitcoin ETFs, including:

• The different types of Bitcoin ETFs (spot vs. futures-based) and their key differences.
• A list of 21 Bitcoin ETFs available for Singapore-based investors.
• A comparison of Bitcoin ETFs vs. other investment options like direct crypto ownership and traditional ETFs.
• A step-by-step guide on how to trade Bitcoin ETFs in Singapore.
• The risks and considerations before investing in Bitcoin ETFs.

By the end of this guide, you will have a clear understanding of how Bitcoin ETFs work, how to access them, and how they fit into your investment portfolio. Let’s get started!

What is a Bitcoin ETF?

Imagine if you could invest in gold without ever touching a gold bar. That’s exactly what a Bitcoin ETF does—it gives you exposure to Bitcoin without the hassle of managing digital wallets, security keys, or navigating crypto exchanges. Instead, it trades like any other stock, making it a bridge between the traditional financial world and the revolutionary landscape of cryptocurrency.

A Bitcoin ETF (Exchange-Traded Fund) is an investment vehicle that tracks the price of Bitcoin and trades on regulated stock exchanges. It allows investors to buy shares in the ETF, gaining exposure to Bitcoin’s price movements without directly buying or holding Bitcoin.

How does a Bitcoin ETF work?

Think of it like this: if Bitcoin were a rare collectible, a Bitcoin ETF would be a museum exhibit. You don’t own the collectible itself, but you have shares in the museum that manages and displays it. This structure provides investors with exposure to Bitcoin’s value without the complexities of securing and storing the asset themselves.

There are two primary types of Bitcoin ETFs:

1. Spot Bitcoin ETFs – These ETFs hold actual Bitcoin, reflecting its real-time price movements.
2. Futures Bitcoin ETFs – These ETFs invest in Bitcoin futures contracts rather than holding the asset itself, making them subject to price differences due to market speculation and contract rollovers.

Why do investors choose Bitcoin ETFs?

Unlike buying Bitcoin directly from an exchange, a Bitcoin ETF offers several advantages:

The growing demand for Bitcoin ETFs

Bitcoin ETFs are making it easier for institutions and everyday investors to enter the crypto market. With the approval of spot Bitcoin ETFs in the U.S. and Hong Kong, Bitcoin is no longer just a digital asset for tech enthusiasts—it’s now a mainstream financial instrument. Whether you're a seasoned crypto investor or a traditional stock market participant, Bitcoin ETFs offer a compelling way to gain exposure to the world’s most well-known cryptocurrency.

Types of Bitcoin ETFs: Spot vs. Futures

Not all Bitcoin ETFs are created equal. Some are built like vaults, directly storing Bitcoin for their investors, while others operate more like betting slips on the future price of Bitcoin. Understanding the key differences between spot Bitcoin ETFs and futures Bitcoin ETFs is crucial before making an investment decision.

Spot vs. Futures Bitcoin ETFs: Pros and cons

Which Bitcoin ETF Should You Choose?

For investors who want direct exposure to Bitcoin’s price, spot Bitcoin ETFs are the preferred choice. They provide a purer investment vehicle without the added complexities of futures contracts. However, futures ETFs might appeal to traders who want to take advantage of market fluctuations without holding Bitcoin directly.

Regardless of the type, Bitcoin ETFs are opening the door for mainstream investors to participate in the crypto revolution—without ever needing to set up a digital wallet or worry about losing their private keys.

21 Bitcoin ETFs available to Singapore investors

Bitcoin ETFs come in different forms, catering to diverse investment preferences. Some are designed for long-term holders who want exposure to Bitcoin’s price appreciation, while others focus on trading strategies using futures contracts. Understanding these differences helps investors make informed choices based on risk tolerance, investment strategy, and fees.

While we have compiled a list of 21 Bitcoin ETFs, it’s important to note that the market is evolving, and more Bitcoin ETFs may be introduced over time. This list serves as a guide to some of the most notable and accessible ETFs currently available to Singapore investors.

Top 11 spot Bitcoin ETFs listed in US

In January 2024, the U.S. Securities and Exchange Commission (SEC) approved 11 spot Bitcoin ETFs, marking a significant milestone in the integration of cryptocurrency into mainstream financial markets. These ETFs allow investors to gain direct exposure to Bitcoin's price movements without the complexities of managing digital wallets and private keys. This development not only simplifies Bitcoin investment but also enhances its legitimacy and accessibility, potentially attracting a broader base of institutional and retail investors.

Updated as of 30 Apr 2025

Top 7 futures Bitcoin ETFs listed in US

Unlike spot Bitcoin ETFs, Bitcoin strategy ETFs (also known as futures-based ETFs) provide exposure to Bitcoin via regulated futures contracts rather than holding the cryptocurrency itself. These ETFs were approved earlier than spot ETFs because they operate within established futures markets, which are already regulated by the Commodity Futures Trading Commission (CFTC). While they allow investors to speculate on Bitcoin’s price, they may have higher costs due to futures contract rollovers.

Updated as of 30 Apr 2025

Top 3 spot Bitcoin ETFs listed in Hong Kong

Hong Kong was among the first Asian markets to approve spot Bitcoin ETFs, offering investors a regulated way to gain exposure to Bitcoin. Unlike U.S. spot Bitcoin ETFs, which primarily target institutional and retail investors in the West, Hong Kong’s Bitcoin ETFs cater to Asia-based investors looking for regulated access to Bitcoin without dealing with offshore exchanges. These ETFs hold actual Bitcoin, similar to their U.S. counterparts.

Updated as of 4 Mar 2025

How Bitcoin ETFs differ from one another

Choosing the right Bitcoin ETF isn’t just about picking one from the list—it’s about understanding what differentiates them. Below are key factors investors should consider before selecting a Bitcoin ETF:

Bitcoin ETFs may seem similar on the surface, but their underlying structure, fees, and trading efficiency can lead to vastly different investment experiences. Understanding these factors helps investors make informed decisions based on their risk tolerance and investment strategy. Choosing the right Bitcoin ETF depends on these factors and how they align with your investment strategy.

How to trade Bitcoin ETFs in Singapore

Bitcoin ETFs can be bought and sold just like traditional stocks or ETFs, but Singapore investors need to access them via international brokerage platforms since they are not listed on SGX.

Step-by-Step Guide to Buying a Bitcoin ETF

1. Choose a brokerage platform – Select an international broker that provides access to U.S. and Hong Kong stock exchanges. Popular options include Interactive Brokers (IBKR), moomoo, Tiger Brokers, Saxo, and POEMS.
2. Open and fund your account – Complete the sign-up process, verify your identity, and deposit funds.
3. Search for the ETF – Use the ETF ticker symbol (e.g., IBIT, BITO, 3042 HK) to locate the Bitcoin ETF.
4. Decide on order type – Place a market order (buy at current price) or a limit order (buy at a set price).
5. Execute and manage your investment – Monitor the ETF’s performance and adjust your strategy as needed.

Bitcoin ETFs offer liquidity, but prices may fluctuate from Net Asset Value (NAV) due to supply and demand. Investors should also consider brokerage fees and expense ratios before making a decision.

🔗 For a detailed guide on brokerage platforms, check our article here.

Bitcoin ETFs vs. Other crypto investment options

Bitcoin ETFs aren’t the only way to gain exposure to Bitcoin. Investors looking to enter the crypto space have multiple investment options, each with its own risks and benefits. Understanding how Bitcoin ETFs compare to other methods of investing in Bitcoin can help you make a more informed decision.

Bitcoin ETFs vs. Direct Bitcoin purchase

Bitcoin ETFs provide a regulated, simplified way to invest in Bitcoin, while direct Bitcoin purchases offer full ownership and flexibility but come with added security responsibilities. Choosing between them depends on your investment goals, risk tolerance, and preference for security.

Bitcoin ETFs vs. Centralized Exchanges (CEXs)

CEXs provide more direct, flexible access to Bitcoin but carry risks related to exchange reliability and security. Bitcoin ETFs, on the other hand, offer a more traditional investment approach, making them attractive to stock market investors who prefer regulated environments.

Bitcoin ETFs vs. Crypto staking

Staking allows investors to earn passive income, but it comes with risks like lock-up periods, validator slashing, and network stability issues. Bitcoin ETFs, while offering no yield, provide liquidity and security under regulatory frameworks.

Why some investors prefer Bitcoin ETFs over direct Bitcoin exposure

While buying Bitcoin directly might seem like the most straightforward way to invest in the asset, many investors prefer Bitcoin ETFs for the following reasons:

1. Regulatory Protection – ETFs operate within a regulated financial framework, reducing risks associated with fraud and exchange failures.
2. No Private Key Management – Investors don’t need to worry about losing access to their Bitcoin due to misplaced private keys or hacked wallets.
3. Tax & Compliance Benefits – ETFs often fit into existing tax-efficient investment accounts, making reporting easier.
4. Integration with Traditional Portfolios – Bitcoin ETFs can be seamlessly included in diversified investment portfolios alongside stocks and bonds.
5. Reduced Complexity – Traditional investors may prefer the simplicity of buying an ETF rather than setting up and securing a cryptocurrency wallet.

Bitcoin ETFs vs. Traditional ETFs – How Do They Compare?

While Bitcoin ETFs offer exposure to cryptocurrency, they are fundamentally different from traditional ETFs that track diversified baskets of stocks, bonds, or commodities. Understanding these distinctions is crucial for investors deciding whether Bitcoin ETFs fit within their broader investment strategy. Below are some key differences between them:

Risks and Considerations of Bitcoin ETFs

While Bitcoin ETFs offer a convenient and regulated way to gain exposure to Bitcoin, they are not without risks. Understanding these risks is crucial for making informed investment decisions. Below are some key considerations to keep in mind before investing in Bitcoin ETFs.

1. Volatility and market fluctuations

Bitcoin is known for its extreme price volatility. While traditional assets like stocks and bonds experience fluctuations, Bitcoin's price can swing by double-digit percentages within a day. This high volatility translates to Bitcoin ETFs, making them significantly riskier than traditional ETFs that track diversified indices or commodities.

🔹 Example: A Bitcoin ETF’s price may surge or plunge within hours based on macroeconomic trends, regulatory news, or even social media sentiment.

2. Regulatory and policy risks

Bitcoin ETFs operate within a regulatory framework, but cryptocurrency regulations are still evolving. Governments worldwide are actively reviewing their stance on Bitcoin and crypto-related financial products. Any sudden policy changes could impact Bitcoin ETFs, from increased taxation to outright trading restrictions.

🔹 Example: Countries like China have implemented strict crypto trading bans, and similar regulatory crackdowns in other major markets could affect Bitcoin ETF liquidity and investor sentiment.

3. Tracking error and performance discrepancies

Bitcoin ETFs, particularly futures-based ETFs, may not perfectly track Bitcoin’s price due to contract rollovers, market inefficiencies, and fund expenses. Spot Bitcoin ETFs are expected to have lower tracking errors, but factors like fund management fees and market liquidity can still create discrepancies between the ETF’s price and Bitcoin’s actual market value.

🔹 Example: A futures-based Bitcoin ETF like BITO may experience underperformance during periods of strong Bitcoin rallies due to the costs associated with rolling over futures contracts.

4. Liquidity and market impact

Liquidity plays a significant role in the ease of buying and selling Bitcoin ETFs. While larger Bitcoin ETFs typically have sufficient liquidity, newer or smaller ETFs may have wider bid-ask spreads, making it more expensive to enter and exit positions.

🔹 Example: A newly launched Bitcoin ETF with lower daily trading volume may experience higher transaction costs due to lower liquidity compared to established funds like IBIT or FBTC.

5. Security and custodial risks

Unlike directly holding Bitcoin, Bitcoin ETF investors rely on fund custodians to store the underlying assets. While these custodians typically use institutional-grade security measures, they are not immune to counterparty risks, hacking attempts, or mismanagement.

🔹 Example: If a custodian holding Bitcoin for a spot Bitcoin ETF faces a security breach, it could impact investor confidence and ETF performance.

6. Expense ratios and hidden costs

Bitcoin ETFs charge management fees, also known as expense ratios, which can reduce net returns over time. Additionally, futures-based Bitcoin ETFs may have additional costs due to contract rollovers, making them more expensive to hold long term.

🔹 Example: Spot Bitcoin ETFs like IBIT and FBTC have expense ratios as low as 0.25%, while futures-based ETFs like BITO charge up to 0.95%, leading to a noticeable difference in long-term performance.

7. Tax implications for Singapore investors

Singapore does not impose capital gains tax on individuals, but tax treatment may vary depending on how Bitcoin ETFs are structured and whether investors generate income from trading. It’s essential to consider tax implications when investing in these products.

🔹 Example: Unlike directly holding Bitcoin, where tax implications may depend on how the asset is classified, Bitcoin ETFs could be treated similarly to stock investments.

8. Market sentiment and speculative risks

Bitcoin’s price movements are highly influenced by investor sentiment, media coverage, and speculative trading. Unlike traditional ETFs that track diversified assets, Bitcoin ETFs are vulnerable to hype cycles and sudden market crashes driven by news events, whale movements, or institutional activity.

🔹 Example: A Bitcoin ETF’s price could skyrocket after a major financial institution announces Bitcoin adoption but drop sharply if regulatory concerns emerge.

Understanding these risks allows investors to make informed decisions and properly assess whether Bitcoin ETFs align with their investment goals and risk tolerance.

Embracing the future of Bitcoin investing

Bitcoin ETFs have reshaped how investors access cryptocurrency, offering a regulated and familiar way to invest in Bitcoin without handling wallets or private keys. For traditional investors, they serve as a seamless entry into digital assets, while for crypto-savvy individuals, they provide an alternative to direct ownership.

Not everyone sees Bitcoin ETFs the same way. Some value the simplicity and compliance they offer, while others prefer the control of holding Bitcoin themselves. Regardless of preference, ETFs have brought Bitcoin further into mainstream finance, increasing accessibility and adoption.

What’s next for Bitcoin ETFs?

As institutional adoption grows and regulatory clarity improves, Bitcoin ETFs could evolve in several ways:

• More product innovation – We may see the introduction of Ethereum ETFs, multi-crypto ETFs, or hybrid products that blend Bitcoin with traditional assets.
• Regulatory shifts – Countries like Singapore may revisit their stance on Bitcoin ETFs, potentially allowing local offerings beyond international exchanges.
• Market expansion – As demand rises, we could see Bitcoin ETFs becoming a larger part of diversified investment portfolios worldwide.

Bitcoin ETFs represent a bridge between traditional finance and the crypto revolution. Whether you're a seasoned investor or just beginning your journey into cryptocurrency, they offer a structured, regulated way to engage with this rapidly evolving asset class.

Final thought

Bitcoin is often called “digital gold”, but unlike gold, it exists in a landscape shaped by technological innovation, evolving regulations, and shifting market sentiment. The question is not whether Bitcoin will remain relevant, but rather how you choose to engage with it. Whether through an ETF or direct ownership, the key lies in understanding your investment, managing risk, and staying informed in an ever-changing financial world.