Where is the Bitcoin actually held? Most ETFs rely on third-party custodians.
Coinbase
83.2%
₿1,018,918
IBITGBTCARKBBITBBTCOEZBCBRRRBTCW
Institutional-grade custody by Coinbase Custody Trust Company, regulated by NYDFS.
Fidelity Digital Assets
Self-Custody
15.4%
₿189,011
FBTC
In-house custody solution built and operated by Fidelity Investments.
Gemini
1.3%
₿16,248
HODL
Institutional custody by Gemini Trust Company, regulated by NYDFS.
Counterparty Risk: When Bitcoin is held by a custodian, you're trusting them with your assets. Only Fidelity holds Bitcoin in-house. All others use third-party custody.
Calculate Your True Cost
See how much ETF fees will cost you over time compared to holding Bitcoin yourself.