Crypto ETF Australia 2026: Every ASX & Cboe Fund Compared

Ten crypto ETFs trade on Australian exchanges as of June 2026: six on the ASX and four on Cboe Australia, covering spot bitcoin, spot ether and crypto-industry shares. Published management fees on the spot funds run from 0.25 to 0.49 per cent a year — an alternative to buying coins directly on an Australian exchange, with different costs, custody and tax mechanics.

None of what follows is a recommendation. Crypto ETFs are listed financial products that issuers themselves describe as extremely high risk, and whether any of them belongs in a portfolio is a question for a licensed financial adviser.

The complete list of Australian crypto ETFs

Nine spot funds hold (or wrap funds that hold) bitcoin or ether; the tenth holds shares in crypto-related companies. All figures verified June 2026 against issuer fund pages and announcements; issuers can change fees, so the current PDS governs.

Ticker	Fund	Issuer	Exchange	Mgmt fee (p.a.)	Listed	Structure
IBTC	Monochrome Bitcoin ETF	Monochrome	Cboe Australia	0.25%	Jun 2024	Direct bitcoin, in-kind and cash access
IETH	Monochrome Ethereum ETF	Monochrome	Cboe Australia	0.25%	Oct 2024	Direct ether, in-kind and cash access
IBIT	iShares Bitcoin ETF	BlackRock	ASX	0.39%	Nov 2025	Wraps the US-listed iShares Bitcoin Trust ETF
VBTC	VanEck Bitcoin ETF	VanEck	ASX	0.45%	Jun 2024	Feeder into the US-listed VanEck Bitcoin ETF (HODL)
QBTC	Betashares Bitcoin ETF	Betashares	ASX	0.45%	Feb 2025	Invests in the NYSE-listed Bitwise Bitcoin ETF
QETH	Betashares Ethereum ETF	Betashares	ASX	0.45%	Feb 2025	Invests in the NYSE-listed Bitwise Ethereum ETF
EBTC	Global X 21Shares Bitcoin ETF	Global X	Cboe Australia	0.45%	May 2022	Direct bitcoin, Coinbase Custody cold storage
EETH	Global X 21Shares Ethereum ETF	Global X	Cboe Australia	0.45%	May 2022	Direct ether, cold storage
BTXX	DigitalX Bitcoin ETF	DigitalX (issuer: K2 Asset Management)	ASX	0.49%	Jul 2024	Direct bitcoin, Coinbase Custody
CRYP	Betashares Crypto Innovators ETF	Betashares	ASX	0.67%	Nov 2021	Shares in ~50 crypto-industry companies — holds no crypto assets

Monochrome’s 0.25 per cent is the lowest published management fee among the spot funds in this table — a factual observation, not a ranking, since fees are one attribute among many. Several issuers note in their PDS that certain additional costs apply on top of the headline fee.

EBTC and EETH were Australia’s first crypto ETFs, quoted on Cboe Australia in May 2022. VBTC was the first bitcoin ETF on the ASX (June 2024), IBTC the first Australian fund to hold bitcoin directly with in-kind subscriptions and redemptions (June 2024), and IBIT the most recent arrival (November 2025). CRYP is a different proposition entirely: it tracks an index of global crypto-economy companies such as exchanges and miners, and its issuer states plainly that it will not track the price of any crypto asset.

How spot crypto ETFs work

A spot crypto ETF is a registered managed investment scheme. Investors hold listed units; the fund (or an underlying fund) holds the coins with a professional custodian, typically in offline cold storage. The issuer operates under an Australian Financial Services Licence, publishes a PDS and target market determination, and is a member of AFCA.

Unit prices aim to track a reference rate for the underlying asset — VBTC, for example, tracks the MarketVector Bitcoin Benchmark Rate, a composite US-dollar bitcoin price. Tracking is never perfect: fees accrue daily inside the unit price, and the management fee compounds against the holder every year regardless of performance.

Two structural quirks matter. First, bitcoin and ether trade around the clock, but Australian exchanges are open roughly six hours a day — overnight moves in the underlying asset land in the unit price at the next open. Second, the coins are priced in US dollars, so AUD-quoted units also move with the AUD/USD exchange rate unless a fund hedges; each PDS states the fund’s approach.

On-market liquidity comes from market makers quoting around indicative NAV. Spreads on these funds can be tight in normal conditions but widen sharply during volatile sessions — a real cost that does not appear in any fee table.

Direct holding vs offshore wrap: two structures

Australian crypto ETFs split into two camps, and the difference is more than cosmetic.

Feature	Direct-holding funds	Offshore feeder/wrap funds
Funds	IBTC, IETH, EBTC, EETH, BTXX	VBTC, QBTC, QETH, IBIT
What the fund holds	Bitcoin or ether itself	Units in a US-listed crypto ETF
Where the coins sit	With a custodian engaged by the Australian fund	With the US fund’s custodian (e.g. Coinbase Prime for the iShares Bitcoin Trust)
Layers	One fund, one fee	Two funds; the PDS explains how underlying fund costs are treated
In-kind dealing	Monochrome funds allow subscriptions and redemptions in crypto or cash	Cash only at the Australian level

A feeder structure lets the local fund piggyback on the scale and liquidity of a large US vehicle — the US iShares Bitcoin Trust held tens of billions of US dollars when IBIT listed locally. The trade-off is an extra layer: investors rely on two funds’ documents, two sets of service providers and a cross-border structure. Direct-holding funds are simpler to trace through to the asset, but depend entirely on their own custody arrangements. Neither structure removes the underlying price risk, which both issuer disclosures describe as extreme.

What it costs to own one

Three costs stack on every holding, whichever fund is chosen.

1. Management fee — 0.25 to 0.67 per cent a year, accrued daily inside the unit price. On a $50,000 holding, that is $125 to $335 a year before anything else, every year, in flat and falling markets as well as rising ones.
2. Brokerage — roughly $3 to $30 a trade with flat-fee online brokers, or a percentage on larger orders.
3. Buy-sell spread — the gap between bid and offer when trading on market, which widens in stressed conditions.

Against that, direct ownership through an exchange carries per-trade fees of roughly 0.1 to 1 per cent plus spreads, no annual percentage fee, and the cost of self-custody — a hardware wallet runs to a few hundred dollars once. Over long holding periods, a percentage-based fee on a large balance can exceed the fixed costs of direct custody; over short periods or small balances, the reverse is often true. The arithmetic, not the wrapper, decides.

How to buy a crypto ETF through a broker

The mechanics are the same as buying any listed fund, with one caveat about exchange access.

1. Open an account with a broker or investing platform that offers Australian market access. ASX-listed funds (VBTC, IBIT, QBTC, QETH, BTXX, CRYP) trade through any ASX broker.
2. Check Cboe access if considering IBTC, IETH, EBTC or EETH — most major online brokers route to Cboe Australia, but not all platforms do.
3. Read the PDS and target market determination on the issuer’s website before placing an order.
4. Place an order using the ticker, ideally with a limit price given the spread behaviour described above.
5. Keep the confirmation and holding statements — they establish the CGT cost base for later.

Brokers execute orders; they do not assess suitability unless they are providing licensed personal advice. Anyone unsure whether the product fits their circumstances needs that advice before, not after, the trade.

Tax: ETF units against direct coins

For Australian resident investors, crypto ETF units are taxed like other listed trust units, which differs in practical ways from the CGT treatment of directly held crypto.

Selling units crystallises a capital gain or loss against the cost base. Individuals who have held units for more than 12 months may be eligible for the 50 per cent CGT discount. Most of these funds are structured as attribution managed investment trusts (AMITs): each year the fund issues an AMMA statement attributing amounts to unitholders — which can include capital gains realised inside the fund — and the cost base of units may be adjusted up or down accordingly. The ATO’s guidance on exchange traded funds sets out where these amounts go in a return.

Direct holders face a different workload: every disposal, including crypto-to-crypto swaps, is a CGT event, and the record-keeping burden scales with every transaction. An ETF holder typically has one parcel of units and one annual tax statement. The trade-off is the attribution system itself, which can produce taxable amounts in years when no units were sold.

None of this computes anyone’s liability. Positions vary with residency, intent and the investor/trader distinction, and the crypto tax hub covers the framework — but a registered tax agent (searchable at tpb.gov.au) is the right source for declaring holdings in an actual return.

Crypto ETFs inside an SMSF

SMSF trustees can hold crypto ETF units where the trust deed permits the investment and the documented investment strategy covers the exposure — its risk, liquidity, diversification effect and the fund’s objectives — before purchase. To an SMSF’s accountant and auditor, ETF units look like any listed security: held in the fund’s broking account, valued from market prices, no wallet evidence required. Direct coins held by a fund carry a heavier compliance load, examined in detail in our bitcoin ETF vs direct crypto comparison for SMSFs and the wider SMSF rules hub.

That administrative simplicity changes nothing about the underlying asset, which remains as volatile inside a super fund as outside one. Establishing an SMSF, or directing super into any asset, is personal financial advice that only a licensed adviser can lawfully provide — and ASIC has repeatedly flagged crypto-linked super promotions as an enforcement priority.

The risks the PDS spells out

Issuer disclosure on these products is unusually blunt, and worth taking at face value.

• Price risk. Bitcoin and ether have repeatedly fallen more than 50 per cent from their highs. Issuers describe the products as extremely high risk and warn an entire investment can be lost; BlackRock’s Australian PDS materials suggest an allocation beyond 2 per cent may materially increase whole-portfolio risk.
• Tracking and structural risk. Fees, trading hours, currency moves and feeder layers all open gaps between unit returns and the headline asset price.
• Counterparty and custody risk. A professional custodian reduces self-custody errors but introduces reliance on the custodian, the issuer and — in feeder funds — an offshore vehicle.
• No income. The coins generate no earnings; the management fee is paid from capital regardless of performance.
• Regulatory risk. Crypto market rules are changing in Australia and abroad, and changes can affect funds, custodians and the underlying markets.

The corresponding benefits are real but narrower than marketing suggests: no private keys to secure, AFSL-regulated issuers with AFCA membership, ordinary broker settlement and a single annual tax statement.

Where regulation stands in June 2026

Crypto ETFs already sit inside the financial-products regime: registered managed investment schemes, AFSL-holding issuers, PDS and TMD obligations. Crypto itself is legal in Australia, but the platforms that sell coins directly are at an earlier regulatory stage — currently AUSTRAC-registered for anti-money-laundering purposes, which is an AML/CTF obligation, not a licence or government endorsement.

That gap is closing. The Corporations Amendment (Digital Assets Framework) Act received Royal Assent on 8 April 2026 and commences 9 April 2027, after which digital asset platforms will generally need an AFSL (a six-month transition applies, and platforms holding under $5,000 per customer are exempt). In the interim, ASIC’s INFO 225, updated November 2025, treats many crypto arrangements as financial products now, with class no-action relief to 30 June 2026 for providers that lodged AFSL applications and joined AFCA. For ETF investors the practical effect is continuity — these funds were built inside the licensed regime from day one — while the direct-purchase route moves towards comparable oversight.

We may earn a commission from partners featured on this site; the formal disclosure appears with this page. That arrangement never changes a number in the tables above, and nothing here is a substitute for licensed financial, tax or legal advice.

Common questions

Frequently asked questions

What crypto ETFs are available in Australia? +

As of June 2026, ten crypto ETFs trade on Australian exchanges. The spot bitcoin funds are VBTC, IBIT, QBTC and BTXX on the ASX, plus EBTC and IBTC on Cboe Australia. The spot ether funds are QETH on the ASX, plus EETH and IETH on Cboe Australia. A tenth fund, the Betashares Crypto Innovators ETF (CRYP), holds shares in crypto-industry companies rather than crypto assets.

What is the cheapest crypto ETF in Australia? +

The Monochrome Bitcoin ETF (IBTC) and Monochrome Ethereum ETF (IETH) carry the lowest published management fees among Australian spot crypto ETFs at 0.25 per cent a year, set on 18 March 2025. iShares IBIT charges 0.39 per cent; VBTC, QBTC, QETH, EBTC and EETH each charge 0.45 per cent; and BTXX charges 0.49 per cent, all verified June 2026. Brokerage and buy-sell spreads apply on top, and the current PDS is authoritative.

Is there a Bitcoin ETF on the ASX? +

Yes, four. VanEck's VBTC was the first bitcoin ETF on the ASX in June 2024, followed by DigitalX's BTXX in July 2024, the Betashares Bitcoin ETF (QBTC) in February 2025 and BlackRock's iShares Bitcoin ETF (IBIT) in November 2025. Two further bitcoin funds are quoted on Cboe Australia: Global X 21Shares EBTC since May 2022 and Monochrome's IBTC since June 2024.

How are crypto ETFs taxed in Australia? +

ETF units are CGT assets. Selling units for more than their cost base produces a capital gain, and individuals who have held the units for more than 12 months may be eligible for the 50 per cent CGT discount. Funds structured as attribution managed investment trusts also attribute amounts each year on an AMMA statement, which can adjust the cost base of units. This is general information only; a registered tax agent can advise on personal circumstances.

Can an SMSF invest in a crypto ETF? +

An SMSF can hold crypto ETF units where the trust deed permits the investment and the fund's documented investment strategy covers the exposure, including its risk, liquidity and diversification effects. Units are bought through a broking account in the fund's name and appear to auditors like any listed security. Whether the exposure suits a particular fund is personal financial advice that only a licensed adviser can give.

What is the difference between a crypto ETF and buying crypto directly? +

A crypto ETF is a listed managed fund: a professional custodian holds the coins, an AFSL-holding issuer operates the fund, and investors hold units that charge an annual management fee of 0.25 to 0.49 per cent. Buying directly on an AUSTRAC-registered exchange means owning the asset itself, with no ongoing percentage fee but full responsibility for custody and record-keeping. Both routes carry the same underlying price volatility.

Sources & further reading

• VanEck — VanEck Bitcoin ETF (VBTC) fund page
• BlackRock — iShares Bitcoin ETF (IBIT) Australia fund page
• Betashares — Bitcoin ETF (QBTC) fund page
• Global X — 21Shares Bitcoin ETF (EBTC) fund page
• Monochrome — Management fees for Bitcoin and Ethereum ETFs set at 0.25%
• DigitalX — DigitalX Bitcoin ETF (BTXX)
• ATO — Exchange traded funds
• ASIC — 25-250MR Updated guidance on digital assets (INFO 225)