Technology
Ranked: The Largest Bitcoin ETFs in the U.S.
See this visualization first on the Voronoi app.
Ranking the Largest Bitcoin ETFs in the U.S.
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
In early January 2024, the U.S. Securities and Exchange Commission (U.S. SEC) gave its approval on exchange-traded funds (ETFs) to track Bitcoin, giving investors an alternative pathway to accessing the world’s biggest cryptocurrency.
In this graphic, we’ve shown the eight largest Bitcoin ETFs in the U.S. by assets under management (AUM), as of Feb. 27, 2024. To elaborate, these are ETFs that buy and hold actual Bitcoin, meaning their performance will generally follow that of Bitcoin itself.
The data used to create this graphic was sourced from VettaFi.
| ETF Name | Ticker | AUM |
|---|---|---|
| Grayscale Bitcoin Trust | GBTC | $22.7B |
| iShares Bitcoin Trust Registered | IBIT | $6.6B |
| Fidelity Wise Origin Bitcoin Fund | FBTC | $4.7B |
| ARK 21Shares Bitcoin ETF | ARKB | $1.6B |
| Bitwise Bitcoin ETF Trust | BITB | $1.2B |
| Invesco Galaxy Bitcoin ETF | BTCO | $314M |
| VanEck Bitcoin Trust | HODL | $205M |
| Valkyrie Bitcoin Fund | BRRR | $159M |
From these numbers we can see that Grayscale’s Bitcoin Trust (GBTC) is the largest by a wide margin. As its name implies, GBTC was originally structured as a trust, but was converted to an ETF on Jan. 11, 2024.
Why Buy a Bitcoin ETF?
Bitcoin ETFs simplify the process of buying and storing Bitcoin. This is because they can be purchased within a traditional brokerage account, just like any other ETF or stock.
Instead of having to think about creating a wallet, memorizing a 12-word seed phrase and holding their keys, this product scraps all of that and provides a well-known path: buy an ETF. This will open the digital asset space to a broader investor base.
Rita Martins, former Head of FinTech Partnerships, HSBC
Investors should be aware that these ETFs charge an expense ratio, which could eat into returns. Information on fees can be easily found on each asset manager’s relevant fund page.
For more visualizations related to Bitcoin, consider this graphic which shows how Bitcoin has performed relative to other major asset classes over the past 10 years.
Technology
All of the Grants Given by the U.S. CHIPS Act
Intel, TSMC, and more have received billions in subsidies from the U.S. CHIPS Act in 2024.
All of the Grants Given by the U.S. CHIPS Act
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
This visualization shows which companies are receiving grants from the U.S. CHIPS Act, as of April 25, 2024. The CHIPS Act is a federal statute signed into law by President Joe Biden that authorizes $280 billion in new funding to boost domestic research and manufacturing of semiconductors.
The grant amounts visualized in this graphic are intended to accelerate the production of semiconductor fabrication plants (fabs) across the United States.
Data and Company Highlights
The figures we used to create this graphic were collected from a variety of public news sources. The Semiconductor Industry Association (SIA) also maintains a tracker for CHIPS Act recipients, though at the time of writing it does not have the latest details for Micron.
| Company | Federal Grant Amount | Anticipated Investment From Company |
|---|---|---|
| 🇺🇸 Intel | $8,500,000,000 | $100,000,000,000 |
| 🇹🇼 TSMC | $6,600,000,000 | $65,000,000,000 |
| 🇰🇷 Samsung | $6,400,000,000 | $45,000,000,000 |
| 🇺🇸 Micron | $6,100,000,000 | $50,000,000,000 |
| 🇺🇸 GlobalFoundries | $1,500,000,000 | $12,000,000,000 |
| 🇺🇸 Microchip | $162,000,000 | N/A |
| 🇬🇧 BAE Systems | $35,000,000 | N/A |
BAE Systems was not included in the graphic due to size limitations
Intel’s Massive Plans
Intel is receiving the largest share of the pie, with $8.5 billion in grants (plus an additional $11 billion in government loans). This grant accounts for 22% of the CHIPS Act’s total subsidies for chip production.
From Intel’s side, the company is expected to invest $100 billion to construct new fabs in Arizona and Ohio, while modernizing and/or expanding existing fabs in Oregon and New Mexico. Intel could also claim another $25 billion in credits through the U.S. Treasury Department’s Investment Tax Credit.
TSMC Expands its U.S. Presence
TSMC, the world’s largest semiconductor foundry company, is receiving a hefty $6.6 billion to construct a new chip plant with three fabs in Arizona. The Taiwanese chipmaker is expected to invest $65 billion into the project.
The plant’s first fab will be up and running in the first half of 2025, leveraging 4 nm (nanometer) technology. According to TrendForce, the other fabs will produce chips on more advanced 3 nm and 2 nm processes.
The Latest Grant Goes to Micron
Micron, the only U.S.-based manufacturer of memory chips, is set to receive $6.1 billion in grants to support its plans of investing $50 billion through 2030. This investment will be used to construct new fabs in Idaho and New York.
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