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Top Bitcoin ETFs in 2024 - Token Metrics Moon Awards

Discover the best Bitcoin ETFs of 2024 with the Token Metrics Moon Awards. Unveil top-performing investments in the crypto space.
Token Metrics Team
7 Minutes
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Welcome to the Token Metrics Moon Awards, a highly esteemed accolade in the cryptocurrency industry that acknowledges the outstanding contributions of platforms and projects. 

At Token Metrics, we take pride in our data-driven approach to investment research, and the Moon Awards are a testament to our commitment to recognizing the best crypto platforms, projects, and service providers of the year.

Honoring the Top Bitcoin ETFs of 2024

Today, we are thrilled to introduce a new category for the Moon Awards, where we will celebrate and honor the top Bitcoin ETFs of 2024. These ETFs have garnered significant support from crypto enthusiasts and investors in our survey, and we are excited to showcase their achievements.

Community-Driven Selection Process

At Token Metrics, we greatly value our audience and consider them our most valuable asset. Our community-driven approach ensures that the awards reflect the real-world opinions and experiences of crypto enthusiasts. 

Through the Moon Awards, we aim to amplify the voice of our community and provide a transparent and user-centric evaluation of platforms that are driving the industry forward.

In collaboration with our community members and users' votes, we have curated a comprehensive list of the top Bitcoin ETFs in 2024 based on survey input and votes. 

What is a Bitcoin ETF?

A Bitcoin ETF is a fund that tracks the price of Bitcoin and allows investors to buy shares of the fund on a stock exchange, just like they would with a regular stock. 

The ETF holds Bitcoin as its underlying asset, and its value is directly tied to the price of Bitcoin. This means that as the price of Bitcoin goes up or down, the value of the ETF shares will also fluctuate. 

Bitcoin ETFs come in different types, including spot Bitcoin ETFs, Bitcoin futures ETFs, and Bitcoin strategy ETFs. A spot Bitcoin ETF tracks the current price of Bitcoin, while a Bitcoin futures ETF invests in Bitcoin futures contracts. 

A Bitcoin strategy ETF utilizes various investment strategies related to Bitcoin, such as investing in companies with significant Bitcoin holdings.

One of the main advantages of a Bitcoin ETF is that it allows investors to gain exposure to Bitcoin's price movements without the complexities of buying, storing, and safekeeping Bitcoin themselves. Additionally, Bitcoin ETFs are regulated financial products, providing investors with a level of protection and oversight.

How Do Bitcoin ETFs Work?

Bitcoin ETFs create shares representing ownership of the underlying Bitcoin held by the fund. These shares are traded on stock exchanges, allowing investors to buy and sell them throughout trading. 

The price of the ETF shares is typically designed to track the price of Bitcoin closely. However, due to factors such as fees and market demand, there may be slight discrepancies between the ETF's price and the price of Bitcoin.

When investors buy shares of a Bitcoin ETF, they essentially buy a fraction of the underlying Bitcoin held by the fund. The ETF provider is responsible for managing the Bitcoin holdings and handling tasks such as custody and security. 

This allows investors to gain exposure to Bitcoin without the need to own or manage the cryptocurrency themselves directly.

Top Bitcoin ETFs in 2024

Now, let's take a closer look at some of the top Bitcoin ETFs available in 2024:

Bitcoin ETFs 2024
Resource -Token Metrics Moon Awards

BlackRock

In the Token Metrics Moon Awards survey, BlackRock secured the top position with 49.7% of the total votes.

BlackRock offers the iShares Bitcoin Trust (IBIT), which is one of the most well-known and popular Bitcoin ETFs in the market. 

The IBIT aims to reflect the performance of the price of Bitcoin directly and has attracted significant investor interest. As of early 2024, the fund's assets under management (AUM) stood at approximately $2.2 billion.

Grayscale

In the Token Metrics Moon Awards survey, Grayscale secured the 2nd position with 30.6% of the total votes.

Grayscale Bitcoin Trust (GBTC) is one of the oldest and most established Bitcoin investment vehicles. While not an ETF in the traditional sense, GBTC has served as a popular way for investors to gain exposure to Bitcoin. It is structured as a trust and allows investors to hold Bitcoin in traditional investment accounts.

Fidelity

In the Token Metrics Moon Awards survey, Fidelity secured the 3rd position with 7% of the total votes.

Fidelity offers the Wise Origin Bitcoin Fund (FBTC), which provides investors with direct exposure to Bitcoin. The fund's performance tracks the price of Bitcoin as measured by the Fidelity Bitcoin Index. With Fidelity's reputation as one of the largest investment managers in the world, the FBTC has gained popularity among investors.

Ark/21Shares

In the Token Metrics Moon Awards survey, ARK 21Shares secured the 4th position with 3.7% of the total votes.

The ARK 21Shares Bitcoin ETF (ARKB) is a collaboration between ARK Invest and 21Shares. ARK Invest is known for its focus on disruptive innovation and has been a vocal proponent of the potential of cryptocurrencies. The partnership with 21Shares brings together expertise in innovation-focused investing and digital asset management.

Bitwise

In the Token Metrics Moon Awards survey, Bitwise secured the 5th position with 3.6% of the total votes.

Bitwise offers the Bitwise 10 Crypto Index Fund, which tracks the performance of the top 10 cryptocurrencies, including Bitcoin. The fund aims to provide diversified exposure to the cryptocurrency market and has gained popularity among investors looking for broad crypto exposure.

VanEck

In the Token Metrics Moon Awards survey, VanEck secured the 6th position with 3.2% of the total votes.

VanEck is a well-known asset management firm that offers the VanEck Bitcoin Trust. The trust provides investors with exposure to Bitcoin's price movements and is designed to track the performance of Bitcoin closely. VanEck has a long history in the ETF space, making its Bitcoin Trust a reputable option for investors.

Valkyrie

In the Token Metrics Moon Awards survey, Valkyrie secured the 7th position with 0.9% of the total votes.

Valkyrie offers the Valkyrie Bitcoin Trust, which aims to provide investors with exposure to Bitcoin's price movements. The trust is structured as a grantor trust and seeks to track the performance of Bitcoin. Valkyrie is known for its expertise in digital assets and has attracted attention from investors seeking Bitcoin exposure.

Advantages and Disadvantages of Bitcoin ETFs

Bitcoin ETFs offer several advantages for investors looking to gain exposure to Bitcoin:

  • Convenience: Investing in a Bitcoin ETF is as easy as buying any other stock on a stock exchange. It eliminates the need to navigate cryptocurrency exchanges and deal with the complexities of owning and storing Bitcoin.
  • Regulation: Bitcoin ETFs are regulated financial products, providing investors with oversight and protection. This can help instill confidence in investors who may be wary of the unregulated nature of the cryptocurrency market.
  • Diversification: Bitcoin ETFs often hold a diversified portfolio of assets, including Bitcoin, Bitcoin futures contracts, and stocks of companies involved in blockchain technology. This diversification can help mitigate some risks associated with investing in individual cryptocurrencies.

However, some disadvantages are also to consider:

  • Fees: Bitcoin ETFs charge fees to cover their operating expenses, which can eat into investors' returns. It's important to consider the fees associated with each Bitcoin ETF before investing.
  • Tracking Error: Due to factors such as fees and market demand, there may be slight discrepancies between the price of a Bitcoin ETF and the price of Bitcoin it aims to track. This is known as a tracking error and can impact the overall performance of the ETF.
  • Volatility: Bitcoin and the cryptocurrency market as a whole are known for their volatility. While Bitcoin ETFs aim to provide exposure to Bitcoin's price movements, investors should be aware of the potential for significant price fluctuations.

Also Read - Top Upcoming Confirmed Crypto Airdrops 2024

The Future of Bitcoin ETFs

As the demand for cryptocurrencies continues to grow, the future of Bitcoin ETFs looks promising. These investment vehicles provide a convenient and regulated way for investors to gain exposure to Bitcoin. 

However, it's essential to keep in mind the evolving regulatory landscape and potential market developments that may impact the performance and availability of Bitcoin ETFs.

Conclusion

Bitcoin ETFs offer investors a convenient and regulated way to gain exposure to Bitcoin's price movements without owning the cryptocurrency directly. They provide diversification, convenience, and regulatory oversight. 

In 2024, some of the top Bitcoin ETFs include BlackRock's iShares Bitcoin Trust, Grayscale Bitcoin Trust, Fidelity's Wise Origin Bitcoin Fund, ARK 21Shares Bitcoin ETF, Bitwise 10 Crypto Index Fund, VanEck Bitcoin Trust, and Valkyrie Bitcoin Trust. 

Investors should carefully consider the advantages and disadvantages of Bitcoin ETFs and the associated fees before making investment decisions. 

As the cryptocurrency market evolves, Bitcoin ETFs will likely play a significant role in bridging the gap between traditional finance and the exciting world of cryptocurrencies.

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other advice, and you should not treat any of the website's content as such.

Token Metrics does not recommend buying, selling, or holding any cryptocurrency. Conduct your due diligence and consult your financial advisor before making investment decisions.

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About Token Metrics
Token Metrics: AI-powered crypto research and ratings platform. We help investors make smarter decisions with unbiased Token Metrics Ratings, on-chain analytics, and editor-curated “Top 10” guides. Our platform distills thousands of data points into clear scores, trends, and alerts you can act on.
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Quantmetrics API: Measure Risk & Reward in One Call

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Most traders see price—quants see probabilities. The Quantmetrics API turns raw performance into risk-adjusted stats like Sharpe, Sortino, volatility, drawdown, and CAGR so you can compare tokens objectively and build smarter bots and dashboards. In minutes, you’ll query /v2/quantmetrics, render a clear performance snapshot, and ship a feature that customers trust. Start by grabbing your key at Get API Key, Run Hello-TM to verify your first call, then Clone a Template to go live fast.

What You’ll Build in 2 Minutes

  • A minimal script that fetches Quantmetrics for a token via /v2/quantmetrics (e.g., BTC, ETH, SOL).
  • A smoke-test curl you can paste into your terminal.
  • A UI pattern that displays Sharpe, Sortino, volatility, max drawdown, CAGR, and lookback window.

Next Endpoints to Add

  • /v2/tm-grade (one-score signal)
  • /v2/trading-signals
  • /v2/hourly-trading-signals (timing)
  • /v2/resistance-support (risk placement)
  • /v2/price-prediction (scenario planning)

Why This Matters

Risk-adjusted truth beats hype. Price alone hides tail risk and whipsaws. Quantmetrics compresses edge, risk, and consistency into metrics that travel across assets and timeframes—so you can rank universes, size positions, and communicate performance like a professional.

Built for dev speed

A clean REST schema, predictable latency, and easy auth mean you can plug Sharpe/Sortino into bots, dashboards, and screeners without maintaining your own analytics pipeline. Pair with caching and batching to serve fast pages at scale.

Where to Find

The Quant Metrics cURL request is located in the top right of the API Reference, allowing you to easily integrate it with your application.

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How It Works (Under the Hood)

Quantmetrics computes risk-adjusted performance over a chosen lookback (e.g., 30d, 90d, 1y). You’ll receive a JSON snapshot with core statistics:

  • Sharpe ratio: excess return per unit of total volatility.
  • Sortino ratio: penalizes downside volatility more than upside.
  • Volatility: standard deviation of returns over the window.
  • Max drawdown: worst peak-to-trough decline.
  • CAGR / performance snapshot: geometric growth rate and best/worst periods.

Call /v2/quantmetrics?symbol=<ASSET>&window=<LOOKBACK> to fetch the current snapshot. For dashboards spanning many tokens, batch symbols and apply short-TTL caching. If you generate alerts (e.g., “Sharpe crossed 1.5”), run a scheduled job and queue notifications to avoid bursty polling.

Production Checklist

  • Rate limits: Understand your tier caps; add client-side throttling and queues.
  • Retries & backoff: Exponential backoff with jitter; treat 429/5xx as transient.
  • Idempotency: Prevent duplicate downstream actions on retried jobs.
  • Caching: Memory/Redis/KV with short TTLs; pre-warm popular symbols and windows.
  • Batching: Fetch multiple symbols per cycle; parallelize carefully within limits.
  • Error catalog: Map 4xx/5xx to clear remediation; log request IDs for tracing.
  • Observability: Track p95/p99 latency and error rates; alert on drift.
  • Security: Store API keys in secrets managers; rotate regularly.

Use Cases & Patterns

  • Bot Builder (Headless): Gate entries by Sharpe ≥ threshold and drawdown ≤ limit, then trigger with /v2/trading-signals; size by inverse volatility.
  • Dashboard Builder (Product): Add a Quantmetrics panel to token pages; allow switching lookbacks (30d/90d/1y) and export CSV.
  • Screener Maker (Lightweight Tools): Top-N by Sortino with filters for volatility and sector; add alert toggles when thresholds cross.
  • Allocator/PM Tools: Blend CAGR, Sharpe, drawdown into a composite score to rank reallocations; show methodology for trust.
  • Research/Reporting: Weekly digest of tokens with Sharpe ↑, drawdown ↓, and volatility ↓.

Next Steps

  • Get API Key — start free and generate a key in seconds.
  • Run Hello-TM — verify your first successful call.
  • Clone a Template — deploy a screener or dashboard today.
  • Watch the demo: VIDEO_URL_HERE
  • Compare plans: Scale with API plans.

FAQs

1) What does the Quantmetrics API return?

A JSON snapshot of risk-adjusted metrics (e.g., Sharpe, Sortino, volatility, max drawdown, CAGR) for a symbol and lookback window—ideal for ranking, sizing, and dashboards.

2) How fresh are the stats? What about latency/SLOs?

Responses are engineered for predictable latency. For heavy UI usage, add short-TTL caching and batch requests; for alerts, use scheduled jobs or webhooks where available.

3) Can I use Quantmetrics to size positions in a live bot?

Yes—many quants size inversely to volatility or require Sharpe ≥ X to trade. Always backtest and paper-trade before going live; past results are illustrative, not guarantees.

4) Which lookback window should I choose?

Short windows (30–90d) adapt faster but are noisier; longer windows (6–12m) are steadier but slower to react. Offer users a toggle and cache each window.

5) Do you provide SDKs or examples?

REST is straightforward (JS/Python above). Docs include quickstarts, Postman collections, and templates—start with Run Hello-TM.

6) Polling vs webhooks for quant alerts?

Dashboards usually use cached polling. For threshold alerts (e.g., Sharpe crosses 1.0), run scheduled jobs and queue notifications to keep usage smooth and idempotent.

7) Pricing, limits, and enterprise SLAs?

Begin free and scale up. See API plans for rate limits and enterprise SLA options.

Disclaimer

All information provided in this blog is for educational purposes only. It is not intended as financial advice. Users should perform their own research and consult with licensed professionals before making any investment or trading decisions.

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Timing makes or breaks every trade. The crypto trading signals API from Token Metrics lets you surface bullish and bearish calls directly in your product—no spreadsheet wrangling, no chart gymnastics. In this guide, you’ll hit the /v2/trading-signals endpoint, display actionable signals on a token (e.g., SOL, BTC, ETH), and ship a conversion-ready feature for bots, dashboards, or Discord. Start by creating a key on Get API Key, then Run Hello-TM and Clone a Template to go live fast.

What You’ll Build in 2 Minutes

  • A minimal script that fetches Trading Signals via /v2/trading-signals for one symbol (e.g., SOL).
  • A copy-paste curl to smoke-test your key.
  • A UI pattern to render signal, confidence/score, and timestamp in your dashboard or bot.

Endpoints to add next

  • /v2/hourly-trading-signals (intraday updates)
  • /v2/resistance-support (risk placement)
  • /v2/tm-grade (one-score view)
  • /v2/quantmetrics (risk/return context)

Why This Matters

Action over analysis paralysis. Traders don’t need more lines on a chart—they need an opinionated call they can automate. The trading signals API compresses technical momentum and regime reads into Bullish/Bearish events you can rank, alert on, and route into strategies.

Built for dev speed and reliability. A clean schema, predictable performance, and straightforward auth make it easy to wire signals into bots, dashboards, and community tools. Pair with short-TTL caching or webhooks to minimize polling and keep latency low.

Where to Find

You can find the cURL request for Crypto Trading Signals in the top right corner of the API Reference. Use it to access the latest signals!

Live Demo & Templates

  • Trading Bot Starter: Use Bullish/Bearish calls to trigger paper trades; add take-profit/stop rules with Support/Resistance.
  • Dashboard Signal Panel: Show the latest call, confidence, and last-updated time; add a history table for context.
  • Discord/Telegram Alerts: Post signal changes to a channel with a link back to your app.

How It Works (Under the Hood)

Trading Signals distill model evidence (e.g., momentum regimes and pattern detections) into Bullish or Bearish calls with metadata such as confidence/score and timestamp. You request /v2/trading-signals?symbol=<ASSET> and render the most recent event, or a small history, in your UI.

For intraday workflows, use /v2/hourly-trading-signals to update positions or alerts more frequently. Dashboards typically use short-TTL caching or batched fetches; headless bots lean on webhooks, queues, or short polling with backoff to avoid spiky API usage.

Production Checklist

  • Rate limits: Know your tier caps; add client-side throttling and queues.
  • Retries/backoff: Exponential backoff with jitter; treat 429/5xx as transient.
  • Idempotency: Guard downstream actions (don’t double-trade on retries).
  • Caching: Memory/Redis/KV with short TTLs for reads; pre-warm popular symbols.
  • Webhooks & jobs: Prefer webhooks or scheduled workers for signal change alerts.
  • Pagination/Bulk: Batch symbols; parallelize with care; respect limits.
  • Error catalog: Map common 4xx/5xx to clear fixes; log request IDs.
  • Observability: Track p95/p99 latency, error rate, and alert delivery success.
  • Security: Keep keys in a secrets manager; rotate regularly.

Use Cases & Patterns

  • Bot Builder (Headless): Route Bullish into candidate entries; confirm with /v2/resistance-support for risk and TM Grade for quality.
  • Dashboard Builder (Product): Add a “Signals” module per token; color-code state and show history for credibility.
  • Screener Maker (Lightweight Tools): Filter lists by Bullish state; sort by confidence/score; add alert toggles.
  • Community/Discord: Post signal changes with links to token pages; throttle to avoid noise.
  • Allocator/PM Tools: Track signal hit rates by sector/timeframe to inform position sizing (paper-trade first).

Next Steps

  1. Get API Key — create a key and start free.
  2. Run Hello-TM — confirm your first successful call.
  3. Clone a Template — deploy a bot, dashboard, or alerting tool today.

FAQs

1) What does the Trading Signals API return?

A JSON payload with the latest Bullish/Bearish call for a symbol, typically including a confidence/score and generated_at timestamp. You can render the latest call or a recent history for context.

2) Is it real-time? What about latency/SLOs?

Signals are designed for timely, programmatic use with predictable latency. For faster cycles, use /v2/hourly-trading-signals. Add caching and queues/webhooks to reduce round-trips.

3) Can I use the signals in a live trading bot?

Yes—many developers do. A common pattern is: Signals → candidate entry, Support/Resistance → stop/targets, Quantmetrics → risk sizing. Always backtest and paper-trade before going live.

4) How accurate are the signals?

Backtests are illustrative, not guarantees. Treat signals as one input in a broader framework with risk controls. Evaluate hit rates and drawdowns on your universe/timeframe.

5) Do you provide SDKs and examples?

You can integrate via REST using JavaScript and Python snippets above. The docs include quickstarts, Postman collections, and templates—start with Run Hello-TM.

6) Polling vs webhooks for alerts?

Dashboards often use cached polling. For bots/alerts, prefer webhooks or scheduled jobs and keep retries idempotent to avoid duplicate trades or messages.

7) Pricing, limits, and enterprise SLAs?

Begin free and scale as you grow. See API plans for allowances; enterprise SLAs and support are available.

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Fundamental Grade Crypto API: Real Crypto Fundamentals in One Score

Token Metrics Team
5 min read

Most traders chase price action; Fundamental Grade Crypto API helps you see the business behind the token—community traction, tokenomics design, exchange presence, VC signals, and DeFi health—consolidated into one score you can query in code. In a few minutes, you’ll fetch Fundamental Grade, render it in your product, and ship a due-diligence UX that drives trust. Start by grabbing your key at the Get API Key page, Run Hello-TM to verify your first call, then Clone a Template to go live fast.

What You’ll Build in 2 Minutes

A minimal script to fetch Fundamental Grade from /v2/fundamental-grade for any symbol (e.g., BTC).

  • Optional curl to smoke-test your key in seconds.
  • A drop-in pattern to display the grade + key drivers in dashboards, screeners, and research tools.

Endpoints to consider next

  • /v2/tm-grade (technical/sentiment/momentum)
  • /v2/price-prediction (scenario planning)
  • /v2/resistance-support (risk levels)
  • /v2/quantmetrics (risk/return stats)

Why This Matters

Beyond price, toward quality. Markets are noisy—hype rises and fades. Fundamental Grade consolidates hard-to-track signals (community growth, token distribution, liquidity venues, investor quality, DeFi integrations) into a clear, comparable score. You get a fast “is this worth time and capital?” answer for screening, allocation, and monitoring.

Build trust into your product. Whether you run an investor terminal, exchange research tab, or a portfolio tool, Token Metrics discovery helps users justify positions. Pair it with TM Grade or Quantmetrics for a balanced picture: what to buy (fundamentals) and when to act (signals/levels).

Where to Find

The Fundamental Grade is easily accessible in the top right of the API Reference. Grab the cURL request for seamless access!

Ready to build?

  • Get API Key — generate a key and start free.
  • Run Hello-TM — verify your first successful call.
  • Clone a Template — deploy a screener or token page today.

Watch the demo: VIDEO_URL_HERE. Compare plans: Scale confidently with API plans.

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FAQs

1) What does the Fundamental Grade API return?

A JSON payload with the overall score/grade plus component scores (e.g., community, tokenomics, exchange presence, VC backing, DeFi health) and timestamps. Use the overall grade for ranking and component scores for explanations.

2) How fast is the endpoint? Do you publish SLOs?

The API is engineered for predictable latency. For high-traffic dashboards, add short-TTL caching and batch requests; for alerts, use jobs/webhooks to minimize round-trips.

3) Can I combine Fundamental Grade with TM Grade or signals?

Yes. A common pattern is Fundamental Grade for quality filter + TM Grade for technical/sentiment context + Trading Signals for timing and Support/Resistance for risk placement.

4) How “accurate” is the grade?

It’s an opinionated synthesis of multiple inputs—not financial advice. Historical studies can inform usage, but past performance doesn’t guarantee future results. Always layer risk management and testing.

5) Do you offer SDKs and examples?

You can use REST directly (see JS/Python above). The docs include quickstarts, Postman, and ready-to-clone templates—start with Run Hello-TM.

6) Polling vs webhooks for fundamentals updates?

For UI pages, cached polling works well. For event-style notifications (upgrades/downgrades), prefer webhooks or scheduled jobs to avoid spiky traffic.

7) What about pricing, limits, and enterprise SLAs?

Begin free and scale as you grow. See API plans for allowances; enterprise SLAs and support are available—contact us.

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