Performance data is updated to 31 May 2026.
BetaShares Bitcoin Futures ETF (QBTC) — Review & Analysis
QBTC is Betashares' spot Bitcoin ETF, with AUM of $32.80 million as at May 2026 and a 0.45% p.a. fee in line with VBTC and EBTC. The fund tracks the AUD price of Bitcoin via physical custody with Coinbase Custody Trust Company — one of the largest institutional Bitcoin custodians globally, also used by several major US-listed spot Bitcoin ETFs.
QBTC is the smallest of the three 0.45%-fee spot Bitcoin products on the ASX. For investors prioritising issuer choice over scale, the Betashares brand carries strong local distribution into Australian retail and adviser channels — many investors who already use Betashares' broader range default to QBTC for crypto allocation as a result.
Investment exposure is functionally identical to other physical Bitcoin ETFs — investors get the AUD price of Bitcoin less management fee, with no leverage or roll yield. The custody model matters more than for traditional ETFs because spot Bitcoin requires a regulated custodian capable of cold-storage management and insurance; the Coinbase Custody arrangement is a credible institutional setup.
The cheaper IBIT and IBTC at 0.25% offer a meaningful fee saving over long holds, but QBTC's larger scale relative to those products gives it tighter execution. The fund is unhedged. Our best Bitcoin and crypto ETFs in Australia 2026 guide covers the spot Bitcoin cohort comparison.
Performance (% return)
Investment Focus
Exposure Regions
Portfolio Breakdown
| Sector | % assets |
|---|---|
| Bitcoin | 100% |
Related Reads
Best Bitcoin & Crypto ETFs Australia 2026: Every Fund on the ASX Compared
Every Bitcoin and crypto ETF on the ASX compared. 11 funds, $679M AUM, fees from 0.25%, BTC vs ETH performance — independent, data-driven.
Crypto ETFs on the ASX: Bitcoin, Ethereum, and Everything In Between
There are now 11 crypto ETFs on the ASX and Cboe Australia, collectively holding $818 million in assets. Three types: six Bitcoin spot ETFs ($580M combined), three Ethereum spot ETFs ($65M), and two crypto equities/blockchain ETFs ($173M). Together they represent the first time Australian retail and SMSF investors can get meaningful crypto exposure without ever touching a crypto exchange.
Similar ETFs
| Stock | Name | 1 Year % |
|---|---|---|
| VBTC | VanEck Bitcoin ETF | -38.05% |
| CRYP | Crypto Innovators ETF | +36.79% |
| EBTC | Bitcoin ETF | -37.94% |
| IBTC | Monochrome Bitcoin ETF | -37.95% |
| BTXX | DigitalX Bitcoin ETF | -38.16% |
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Last updated: January 2026
