Australian-Listed Spot Bitcoin ETFs
Monthly funds under management in AUD millions for the 4 spot Bitcoin ETFs quoted on the ASX (VBTC, IBIT, QBTC, BTXX), taken from the ASX Investment Products Monthly Report and updated automatically. Combined FUM was about A$427.9 million in August 2026. Fee and SMSF reference for each fund below; Cboe-quoted EBTC and IBTC are not covered.
Chart
Stacked month-end funds under management in AUD millions across the ASX-quoted spot Bitcoin ETFs. Hover for the fund-by-fund breakdown at any month. Click Fullscreen for a presentation-grade view.
AU spot BTC ETF grid
| ETF | Ticker | Issuer | First in ASX data | MER | FUM (A$m) |
|---|---|---|---|---|---|
| VanEck Bitcoin ETF | VBTC | VanEck | June 2024 | 0.45% | 292.1 |
| iShares Bitcoin ETF | IBIT | iShares | November 2025 | 0.25% | 50.2 |
| Betashares Bitcoin ETF | QBTC | Betashares | February 2025 | 0.45% | 45.0 |
| DigitalX Bitcoin ETF | BTXX | DigitalX | July 2024 | 0.49% | 40.6 |
Two more spot Bitcoin ETFs trade on Cboe Australia rather than the ASX: the Global X 21Shares Bitcoin ETF (EBTC) and the Monochrome Bitcoin ETF (IBTC). Cboe does not publish machine-readable fund data comparable to the ASX monthly report, so they are left out of the chart rather than shown with stale figures. Check each issuer's website for their current size and fees.
SMSF + super context
For SMSF trustees the AU-listed spot BTC ETFs solve three problems that block direct-custody BTC for many funds:
- Sole purpose compliance. ETF wrappers held in a brokerage account inside the SMSF satisfy the SIS Act sole purpose test cleanly. Direct BTC custody on Independent Reserve or CoinSpot is permissible but requires the trustee to demonstrate the holding is solely for retirement-benefit purposes - paperwork burden many trustees prefer to avoid.
- Custody risk. The SMSF auditor's annual review can rely on the ETF issuer's institutional custody arrangements. Direct-custody arrangements (hot wallet, cold storage) require detailed trustee documentation each year.
- Tax reporting. The ETF wrapper produces a year-end annual tax statement covering distributions, franking, and AMIT cost-base adjustments. Direct crypto trading requires lot-by-lot CGT calculation across every disposal, which is what Koinly / Summ / Syla exist to handle.
For SMSF allocators, the choice is therefore frequently between an ASX-quoted Bitcoin ETF (fees from 0.25 percent a year) and direct custody. Run the comparison through the SMSF crypto CGT calculator for the worked tax numbers.
AU vs US wrapper choice
For an AUD-resident investor with brokerage access to both AU and US markets, three considerations matter:
- Management expense ratio. US-listed IBIT and FBTC charge 0.25 percent. On the ASX, iShares IBIT now matches that at 0.25 percent, while the other ASX funds charge 0.45 to 0.49 percent. Over ten years a 0.20-point fee gap compounds to roughly 2 percent of NAV, so fee differences still matter.
- AUD/USD currency layer. US-listed ETFs are USD-denominated. AUD-resident holders pick up the AUD/USD currency move on top of the BTC USD return. The AU-listed ETFs are AUD-denominated already - the currency layer is implicit in the AUD NAV.
- Brokerage / W-8BEN admin. US-listed holdings require a US-broker account (IBKR, Stake) and W-8BEN tax documentation. AU-listed ETFs trade in any AU brokerage account with no extra paperwork. For SMSF trustees, the admin saving is material.
The simple decision: tax-deferred long-horizon SMSF allocations frequently favour AU-listed for admin reasons. Larger non-SMSF allocations from sophisticated AUD investors often favour US-listed for fee reasons. There is no universally correct answer.
Methodology
- Source. The ASX Investment Products Monthly Report (free Excel download), which lists every ASX-quoted fund's funds under management at month-end. Every fund whose name contains "Bitcoin" is included, so new listings appear automatically.
- Units. Each stacked segment is AUD millions of FUM at month-end as reported by the ASX.
- Updates. Checked twice a day; each new month is added as soon as the ASX publishes its report, usually two to three weeks after month-end.
- Limits. Cboe Australia quoted funds (EBTC, IBTC) are not included. FUM moves with the Bitcoin price as well as with inflows, and Australian issuers do not publish daily flows the way Farside aggregates them for US ETFs, so this is a month-end level view rather than a daily net-flow chart.
Related tools
- Daily US spot BTC ETF flows - the global flow signal.
- Cumulative US BTC ETF holdings - the US allocator running total.
- SMSF crypto CGT calculator - tax numbers for SMSF BTC disposals.
- Best crypto exchange for SMSF (AU) - direct-custody alternative.
- Crypto CGT calculator - individual AU CGT framework.
Frequently asked questions
4 as of the ASX's August 2026 report: VanEck Bitcoin ETF (VBTC), iShares Bitcoin ETF (IBIT), Betashares Bitcoin ETF (QBTC), DigitalX Bitcoin ETF (BTXX). Two more spot Bitcoin ETFs trade on Cboe Australia rather than the ASX: the Global X 21Shares Bitcoin ETF (EBTC) and the Monochrome Bitcoin ETF (IBTC). They are not covered by this chart because Cboe does not publish comparable machine-readable fund data.
VanEck's VBTC was the first to appear in the ASX monthly report, in June 2024, followed by DigitalX's BTXX in July 2024, Betashares' QBTC in February 2025 and iShares' Australian IBIT in November 2025. Those are the first months each fund shows in ASX data; exact listing dates are in each issuer's disclosure documents.
iShares Bitcoin ETF (IBIT) at 0.25 percent a year, per the ASX monthly report. The other ASX Bitcoin ETFs charge between 0.45 and 0.49 percent. For comparison, the US-listed IBIT and FBTC charge 0.25 percent, so the cheapest ASX option now matches the US price.
Generally yes. An ASX-quoted Bitcoin ETF is a listed security, so it can sit in an SMSF's normal brokerage account, provided the fund's investment strategy allows crypto exposure and the trustee meets the sole purpose test. The wrapper avoids the direct-custody issues (keys, exchange counterparty, audit evidence) that put many trustees off holding BTC directly. CGT inside an SMSF is 15 percent, reduced to an effective 10 percent for assets held more than 12 months in accumulation phase, and generally 0 percent in retirement phase. See the SMSF crypto CGT calculator for worked numbers. This is general information, not advice.
The ASX-quoted spot Bitcoin ETFs held about A$427.9 million in August 2026, with the series high of about A$470.0 million in October 2025. The US spot Bitcoin ETFs held about 1,292,874 BTC on 6 October 2026, worth more than US$100 billion at recent prices, so the US market is a few hundred times larger. US products also launched about five months earlier (January 2024).
The ASX Investment Products Monthly Report, which publishes each ASX-quoted fund's funds under management (FUM) at month-end. The site reads every monthly report since June 2024 and adds each new month automatically as the ASX publishes it. Cboe Australia quoted funds (EBTC, IBTC) are not included.
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