IBIT Wins on Liquidity Over FBTC as Bitcoin ETFs Track 27% YTD Drop

As Bitcoin remains depressed near $61,800, investors are now comparing the two largest spot ETFs rather than solely using options income strategies. IBIT and FBTC deliver virtually identical exposure and performance, both charging 0.25% fees and posting nearly identical returns of roughly -27.4% year-to-date and -41.7% over the past year. The choice hinges on IBIT’s deeper options market and tighter spreads via Coinbase Custody versus FBTC’s integrated Fidelity custody. This shift follows earlier focus on cash-secured puts on IBIT that offered 2.4% income while waiting for lower entry points.