Blockchain ETFs give European investors straightforward exposure to the companies building Web3 infrastructure — without needing to buy, store or secure cryptocurrency yourself. But not all blockchain ETFs are equal. TER costs range from 0.50% to 0.75%, and the top holdings differ significantly. We break it all down.
Quick verdict — which blockchain ETF is best?
The broadest diversification (48 companies), competitive TER of 0.65%, and consistent outperformance of the index due to active rebalancing quarterly. Available on DEGIRO for free under their core selection in several markets.
If you want the lowest cost, the iShares Blockchain Technology UCITS ETF (BLKC) at 0.50% TER is hard to beat — but it has a heavier US bias and fewer European holdings. For pure Bitcoin/crypto-company exposure with a concentrated portfolio, VanEck Digital Assets Equity UCITS ETF (DAGB) is the most direct play.
Full ETF comparison table
All three ETFs are UCITS-compliant and available on major European brokers. Here is how they compare on the metrics that matter most for long-term investors.
| ETF | TER | AUM | Holdings | 12M Return | Verdict |
|---|---|---|---|---|---|
| Invesco CoinShares BCHN Xetra · Euronext | 0.65% | €820M | 48 | +67% | Best overall |
| iShares Blockchain BLKC Xetra · LSE · Euronext | 0.50% | €480M | 35 | +58% | Lowest cost |
| VanEck Digital Assets DAGB Xetra · Euronext AMS | 0.65% | €340M | 20 | +82% | Highest upside |
* Returns are approximate 12-month figures to March 2026. Past performance is not a reliable indicator of future results.
VanEck Digital Assets Equity UCITS ETF (DAGB)
What does VanEck DAGB invest in?
DAGB tracks the MVIS Global Digital Assets Equity Index, which targets companies that generate at least 50% of revenues from digital asset-related business. This strict threshold means the ETF concentrates in pure-play crypto companies rather than diversified tech firms.
Top 5 holdings: MicroStrategy (MSTR) 14.2%, Coinbase (COIN) 11.8%, Marathon Digital (MARA) 9.4%, Galaxy Digital (GLXY) 7.1%, Riot Platforms (RIOT) 6.3%.
Investors who want concentrated, high-beta blockchain/crypto exposure and can tolerate significant volatility. DAGB moves roughly 1.8× the Bitcoin price on average.
Invesco CoinShares Global Blockchain UCITS ETF (BCHN)
What does Invesco BCHN invest in?
BCHN tracks the CoinShares Blockchain Global Equity Index. Unlike its peers, this index uses a tiered weighting approach: "Pure play" blockchain companies (e.g., Coinbase, Microstrategy) receive higher weights than "Diversified" companies (e.g., IBM, NVIDIA) that also have significant blockchain activities.
Top 5 holdings: MicroStrategy (MSTR) 8.1%, Coinbase (COIN) 7.6%, NVIDIA (NVDA) 6.2%, Galaxy Digital (GLXY) 5.8%, Riot Platforms (RIOT) 5.1%.
Investors who want the best balance of blockchain purity, diversification, and return history. The quarterly rebalancing and tiered methodology have consistently outperformed simpler index approaches over 3-year periods.
How to buy a blockchain ETF in Europe
All three ETFs above are available on major European brokers. Here is a step-by-step guide using DEGIRO, the most popular low-cost broker in the Netherlands, Belgium and Germany.
Open a DEGIRO account
DEGIRO is available across 18 European countries. The account opening process takes around 10 minutes — you will need a valid ID and Dutch/EU bank account. There is no minimum deposit.
Deposit funds
Link your bank account and deposit your investment amount. DEGIRO supports iDEAL (Netherlands), Sofort (Germany/Austria), and standard bank transfers across Europe. Funds are available same-day for most methods.
Search for the ETF ticker
Use the search bar and enter the ticker: BCHN (Invesco), BLKC (iShares) or DAGB (VanEck). Select the Xetra or Euronext Amsterdam listing for EUR-denominated shares.
Place a limit order
Use a limit order rather than market order to control the price you pay. Set your limit price 0.1–0.3% above the current ask price and set validity to "Day". Your order will fill during market hours (9:00–17:30 CET).
Set up a monthly DCA
Once you have bought your first position, consider setting up a monthly recurring buy (DEGIRO supports this). Dollar-cost averaging removes the need to time the market and smooths out blockchain's notorious volatility.
Broker comparison for blockchain ETF buyers
| Broker | Countries | Trade cost | BCHN free? | Min deposit | Fractional? |
|---|---|---|---|---|---|
| DEGIRO | 18 EU countries | €1 + 0.038% | ✔ Core selection | None | No |
| Scalable Capital | DE, AT, NL, ES, FR, IT | €0 (Prime) | ✔ All ETFs free | None | Yes (€1) |
| Trade Republic | 17 EU countries | €1 flat | ✔ Savings plan | None | Yes (€1) |
| Saxo Bank | All EU + UK | 0.1% min €3 | No | None | No |