Best Blockchain ETFs: Performance and Fees Analysed

Updated on 27 July 2026

The best blockchain ETFs available in France are UCITS funds such as Invesco CoinShares Global Blockchain, VanEck Crypto and Blockchain Innovators or iShares Blockchain Technology, with fees ranging from 0.45% to 0.65%. They provide exposure to the blockchain theme through listed shares, without holding any cryptocurrency, but they remain highly volatile.

Key takeaways

• A blockchain ETF invests in shares of companies linked to blockchain (miners, platforms, infrastructure), not directly in cryptocurrencies.
• Management fees across the panel range from 0.45% (WisdomTree) to 0.65% (Invesco and VanEck), a gap that weighs on long-term returns.
• Holdings have shifted heavily toward crypto miners and crypto-native players (IREN, Coinbase, Circle, Hut 8), which increases volatility.
• These UCITS funds are available through a securities account at most brokers, but are not eligible for the PEA (a French tax-advantaged equity savings account).
• Volatility is very high: a blockchain investment carries a significant risk of capital loss.

Understanding blockchain ETFs: beyond the hype

What is a blockchain ETF and how does it work?

An ETF is like a basket, but instead of fruit, it holds shares of leading companies in the blockchain revolution. These ETFs are not simple passive containers.

Their advantage lies in their ability to offer diversified exposure to a complex sector. Whether it is technology giants integrating blockchain or innovative startups, these ETFs let investors capture the essence of the innovation without requiring expertise in cryptography.

Why invest in blockchain ETFs?

Blockchain ETFs offer far more than the appeal of cryptocurrencies. They represent a window onto a future where digital trust and decentralisation are redefining industries. Here are a few reasons to invest in these ETFs:

• Sector diversification: Instead of betting on a single company, these ETFs spread the risk across several players.
• Liquidity and accessibility: They trade on traditional exchanges, making them easy to access and trade.
• Exposure to innovation without technical complexity: No need to master the technical details of blockchain technology to benefit from its growth potential.
• Long-term thematic exposure: These ETFs offer thematic exposure to technology and finance.

However, it is important to note that innovation brings volatility. These ETFs can experience significant fluctuations, reflecting the dynamic and sometimes unpredictable nature of the blockchain sector.

Interested in investing in cryptocurrencies through ETFs? Discover our complete guide to investing in crypto ETFs and diversifying your portfolio.

Summary table of the different ETFs

To illustrate the options available, here is a non-exhaustive overview of blockchain ETFs (indicative data, subject to change). This table shows their distinctive characteristics, from management fees to assets under management and the indices they track.

This table does more than just list information. It shows the diversity of approaches within the blockchain ETF space.

Some, like the Invesco ETF, use a sophisticated methodology to assess companies' exposure to blockchain. Others, like the WisdomTree ETF, offer particularly low management fees, which can benefit long-term investors.

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What are the main blockchain ETFs available?

Six UCITS blockchain ETFs dominate the offering available in France: Invesco CoinShares Global Blockchain, VanEck Crypto and Blockchain Innovators, iShares Blockchain Technology, WisdomTree Blockchain, Global X Blockchain and First Trust Indxx Innovative Transaction & Process.

Compare the fees, methodology and composition of these ETFs to find the one that best matches your risk tolerance and your financial goals.

Invesco CoinShares Global Blockchain

With around €860 million in assets under management, the Invesco ETF leads the market. Its nuanced approach uses a scoring system to assess companies' real exposure to blockchain, beyond their marketing claims.

This ETF's composition has shifted toward direct players in the crypto ecosystem: its top holdings today are miners and infrastructure companies such as Riot Platforms (around 5%), AMD, HIVE Digital, Cipher and Galaxy Digital. This exposure to cryptocurrency miners makes the fund more sensitive to crypto market cycles than to chip manufacturing alone.

The management cost, a TER of 0.65%, is justified by the complexity of the methodology used. Optimised sampling helps reduce transaction costs, which has kept tracking error low at 0.23% over three years.

The underlying index's methodology is worth a closer look. It uses a "blockchain category score" to weight companies, going beyond simple market capitalisation. This approach aims to capture innovation potential rather than current size, an innovation-driven approach exposed to high volatility.

VanEck Crypto and Blockchain Innovators

The VanEck DAPP offers a radically different strategy, with around 51% exposure to the United States and concentrated positions in crypto-native players and miners such as Hut 8, IREN, Block and Riot Platforms. This ETF is aimed at investors convinced of a massive adoption of cryptocurrencies.

In 2023, this ETF posted a performance of +148% (issuer source), accompanied by very high volatility. Past performance is not a reliable indicator of future performance.

Its TER of 0.65% is identical to the Invesco ETF's, but its composition is far more concentrated on direct players in the crypto ecosystem. The portfolio is now led by miners and crypto infrastructure players such as Hut 8 and IREN, alongside pure plays such as Coinbase.

The MVIS® Global Digital Assets Equity index methodology is particularly interesting. It requires companies to derive at least 50% of their revenue from digital-asset projects, creating a very targeted portfolio. This "all or nothing" approach can amplify gains in good times, but also losses during corrections.

iShares Blockchain Technology

BlackRock offers this ETF with management fees of just 0.50%. Its composition mixes crypto-native players (IREN, Circle Internet Group, Coinbase) and miners (Hut 8, Riot Platforms), alongside technology names such as AMD.

The approach is more conservative, favouring companies with proven blockchain revenue. The fund's composition reveals an interesting strategy: it mixes crypto-native players (Circle, Coinbase) and miners (IREN, Hut 8, Riot Platforms) in its top 10.

This diversification toward established companies exploring blockchain applications could offer a more balanced risk-return profile. However, it could also limit the upside potential compared with ETFs more concentrated on pure plays.

Its TER of 0.50% is the most competitive among the sector's major players, which could appeal to cost-sensitive investors.

With around €237 million in assets and near-zero tracking error, this ETF remains attractive for long-term investors. It also benefits from BlackRock's solid reputation.

WisdomTree Blockchain

This ETF is the cheapest in the panel with a TER of 0.45%. Its methodology includes ESG criteria, excluding energy-intensive Bitcoin miners. It focuses on companies like Square (now Block) that develop decentralised payment solutions.

With around €49 million in assets, this ETF remains modest in size. Daily liquidity is often below €100,000, which makes it suitable for investors placing modest-sized orders.

Global X Blockchain

Global X Blockchain is the newcomer in our selection, with AUM of around €68 million. Its TER of 0.50% places it within the market's competitive range.

The fund's composition reveals a heavy concentration on direct players in the crypto ecosystem, with IREN, Circle Internet Group and Coinbase topping the list. This approach echoes VanEck's, suggesting a high-risk profile but significant return potential.

Global X's BKCH excelled in 2023 thanks to a heavy concentration on cryptocurrency miners. This high-risk strategy paid off during the bull market.

Its Solactive Blockchain v2 index applies a strict liquidity filter, excluding overly speculative microcaps. With a TER of 0.50%, fees are competitive for this active strategy.

First Trust Indxx Inno T&P

This ETF, with €45 million in assets, takes an original approach by targeting companies that are transforming their business processes through blockchain.

Its positive performance of +5.77% in 2025 points to some resilience during periods of correction. Its composition includes lesser-known players such as clearing companies using DLT (Distributed Ledger Technology), betting on industrial rather than speculative adoption.

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Which blockchain ETFs offer the best performance and the lowest fees?

WisdomTree Blockchain has the lowest fees in the panel (0.45%), while past performance varies widely from one ETF to another depending on their exposure to miners and crypto-native players. Details follow.

Analysis of the historical performance of the main blockchain ETFs

Blockchain ETFs have experienced significant fluctuations in recent years, reflecting the volatile nature of the sector they represent.

Take the example of the Invesco CoinShares Global Blockchain UCITS ETF. In 2021, it posted a performance of +63.7%, captivating many investors. However, 2022 marked a significant decline of -63.8%.

The VanEck Crypto and Blockchain Innovators UCITS ETF has also experienced extreme highs and lows. In 2023, it rose by +116% after falling -81.7% in 2022 (issuer source). Past performance is not a reliable indicator of future performance. These figures clearly show that high gains can be followed by equally large losses.

The iShares Blockchain Technology UCITS ETF, more recently launched, posted a performance of around +9.8% over one year as of 27 July 2026 (source: JustETF). In an unstable market, this growth, though modest, is significant.

These performances show that investing in blockchain can be very risky. Potential returns are high, but so are potential losses.

Comparing blockchain ETF management fees

Management fees, although often overlooked, play a crucial role in long-term investing. Here is a comparison of fees for a few blockchain ETFs:

• WisdomTree Blockchain UCITS ETF: 0.45% in annual management fees
• Invesco CoinShares Global Blockchain UCITS ETF and VanEck Crypto and Blockchain Innovators UCITS ETF: 0.65% each
• iShares Blockchain Technology UCITS ETF and Global X Blockchain UCITS ETF: 0.50% each

While the 0.20% difference between the most expensive and the cheapest may seem small, it can have a significant impact over a 10-year period.

It is important not to choose an ETF based on fees alone. A cheaper ETF is not necessarily the best choice if its performance is weaker or if it lacks liquidity.

Investment strategies for blockchain ETFs

How to select a blockchain ETF based on your goals

Choosing a blockchain ETF requires careful thought, much like selecting a travel companion for an expedition into unknown territory. You want a reliable option, aligned with your goals, and able to adapt to the unexpected.

Here are a few essential questions to consider:

• What is your risk tolerance? Blockchain ETFs can be highly volatile. If you are comfortable with ups and downs, a more concentrated ETF such as VanEck Crypto and Blockchain Innovators offers a concentrated profile. For those who prefer fewer fluctuations, iShares Blockchain Technology offers a more diversified profile.
• What investment horizon are you considering? Investing in blockchain is similar to planting a tree; it takes time for the benefits to materialise. A horizon of 5 to 10 years is commonly seen for this type of theme.
• How convinced are you about blockchain adoption? If you are convinced that blockchain will transform various sectors, Invesco CoinShares Global Blockchain includes traditional companies adopting blockchain. If you are betting on blockchain specialists, Global X Blockchain offers a more concentrated profile.
• How much importance do you place on fees? Fees can eat into your returns over the long run. WisdomTree Blockchain UCITS ETF, with fees of 0.45%, has the lowest fees in the panel.

The risks associated with blockchain ETFs and how to manage them

Investing in blockchain ETFs means navigating unfamiliar territory. Here is how to avoid certain pitfalls:

• Extreme volatility: Blockchain ETFs can experience sharp swings. To stabilise your investment, a regular purchasing strategy can be considered to smooth out your entry point.
• Regulatory risk: Government regulations can change abruptly. Geographic diversification can mitigate this risk. Invesco CoinShares Global Blockchain, which invests in companies from various countries, can reduce this risk.
• Technology risk: A new technology could supersede blockchain. ETFs covering several emerging technologies can mitigate this risk.
• Portfolio concentration: Some ETFs are highly concentrated in a handful of companies. To diversify, combine several blockchain ETFs or include a blockchain ETF within a broader portfolio.

Platforms available in France for investing in blockchain ETFs

In France, several platforms make it possible to invest in the main blockchain ETFs. Among the most popular are:

• Trade Republic: a selection of ETFs with reduced fees.
• Boursorama: accessible through a securities account or a PEA (a French tax-advantaged equity savings account).
• Fortuneo: another online banking option for investing easily.

Whatever broker you choose, apps like Finary make it possible to centralise tracking of your blockchain ETF positions, across all accounts and brokers.

This non-exhaustive list is not a recommendation. Before choosing a platform, compare fees and check the availability of the ETFs. Keep in mind that investing in blockchain is a journey with ups and downs, but it is crucial to stay focused on your long-term goals.

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Frequently asked questions

Does a blockchain ETF hold cryptocurrencies?

No. A blockchain ETF invests in shares of companies linked to blockchain, such as miners, exchange platforms or chip manufacturers. It does not directly hold bitcoin or other crypto-assets, which sets it apart from ETPs or ETCs backed by cryptocurrencies.

Are blockchain ETFs PEA-eligible?

No. The UCITS blockchain ETFs presented here track global indices, mostly made up of US stocks. They do not meet the PEA's eligibility criteria, which is reserved for European shares. They are generally held within a standard securities account.

Which blockchain ETF has the lowest fees?

The WisdomTree Blockchain UCITS ETF has the lowest management fees in the panel, at 0.45% per year. iShares Blockchain Technology and Global X Blockchain are at 0.50%, while Invesco CoinShares Global Blockchain and VanEck Crypto and Blockchain Innovators charge 0.65%.

Are blockchain ETFs risky?

Yes, significantly. Their growing exposure to cryptocurrency miners and crypto-native players makes them highly volatile: some years show gains of several tens of percent, others show equally sharp declines. The risk of capital loss is significant.

How to invest in a blockchain ETF in France?

You need to open a securities account with a broker or online bank offering these ETFs, then place a buy order specifying the fund's ISIN. Beforehand, compare brokerage fees and check the availability of the target ETF on your chosen platform.

Sources

JustETF profile, Invesco CoinShares Global Blockchain UCITS ETF (IE00BGBN6P67)

JustETF profile, VanEck Crypto and Blockchain Innovators UCITS ETF (IE00BMDKNW35)

JustETF profile, iShares Blockchain Technology UCITS ETF (IE000RDRMSD1)

JustETF profile, WisdomTree Blockchain UCITS ETF (IE000940RNE6)

JustETF profile, Global X Blockchain UCITS ETF (IE000XAGSCY5)

JustETF profile, First Trust Indxx Innovative Transaction & Process UCITS ETF (IE00BF5DXP42)