# BlackRock's Bitcoin ETF Costs $1,250 Less Yearly

> BlackRock's Bitcoin ETF charges $1,250 less annually than GBTC for same exposure.
- Title: BlackRock's Bitcoin ETF Costs $1,250 Less Yearly | Shortify
- Summary: BlackRock's Bitcoin ETF charges $1,250 less annually than GBTC for same exposure. BlackRock's iShares Bitcoin Trust ETF (IBIT) costs $1,250 less per year…
- Keywords: blackrock, gbtc, ibit, bitcoin, etf, sponsor fee, taxable account, retirement account, BlackRock's, Costs, 250, Less
- Source: 24/7 Wall St. — https://247wallst.com/investing/etf/2026/10/20/forget-gbtc-blackrock-charges-1250-less-a-year-to-hold-the-same-bitcoin-on-100000
- Author: Ryne Mauck
- Published: 2026-10-20T22:33:38+00:00
- Read time: 1 min
- Topics: blackrock, gbtc, ibit, bitcoin, etf, sponsor fee, taxable account, retirement account
## ETF Fee Comparison
BlackRock's iShares Bitcoin Trust ETF (IBIT) charges 0.25% sponsor fee versus Grayscale Bitcoin Trust (GBTC)'s 1.5% fee.
## Annual Cost Difference
On $100,000 investment, IBIT costs $250 annually versus GBTC's $1,500, creating a $1,250 yearly savings.
## Same Bitcoin, Different Fees
Both funds hold identical bitcoin through custodians but charge vastly different sponsor fees for the same exposure.
## Fee Impact on Investors
The sponsor fee builds daily and reduces bitcoin exposure without showing on statements, causing gradual value loss.
## Recent Performance
Over the past year, both funds dropped 24.49% but GBTC lost 25.54% versus IBIT's 24.68%.
## Net Asset Differences
GBTC has $10.26 billion net assets versus IBIT's $65.27 billion with IBIT attracting more inflows.
## Tax Implications
Switching between funds in taxable accounts triggers tax on gains, potentially outweighing fee savings.
## Retirement Account Advantage
In retirement accounts, switching to IBIT avoids tax consequences and immediately reduces fees.
## Cost Basis Consideration
Investors with large pre-conversion gains in GBTC may benefit from keeping shares while directing new money to IBIT.
## Key takeaway

BlackRock's iShares Bitcoin Trust ETF (IBIT) costs $1,250 less per year than Grayscale Bitcoin Trust (GBTC) for identical Bitcoin holdings.