Fidelity Wise Origin Bitcoin Fund ETF (FBTC)

Fidelity Spot

About Fidelity Wise Origin Bitcoin Fund ETF

Fidelity Wise Origin Bitcoin Fund ETF is a Bitcoin exchange-traded fund providing investors with exposure to Bitcoin.

Fidelity Wise Origin Bitcoin Fund ETF Fund Details

Expense Ratio
0.25%

About The Fund

Overview
The Fidelity Wise Origin Bitcoin Fund (FBTC) is a U.S.-based exchange-traded fund managed by FD Funds Management LLC (a Fidelity subsidiary), launched on January 10, 2024, to provide direct exposure to Bitcoin’s price.
Investment Focus
Invests directly in physical Bitcoin, tracking the Fidelity Bitcoin Reference Rate, which uses a volume-weighted median price methodology from eligible Bitcoin spot markets, calculated every 15 seconds.
Accessibility
Trades on the CBOE BZX Exchange under the ticker FBTC, accessible through U.S. brokerage accounts, including IRAs, but requires a Designated Investments Agreement and a "Most Aggressive" investment objective for Fidelity accounts.
Performance
As of July 26, 2025, FBTC’s stock price was USD 101.97, with a 52-week range of USD 43.34 to USD 106.68, and a one-year return of 78.1%, outperforming its category.investing.comaaii.com
Risk Profile
High-risk due to Bitcoin’s volatility, concentrated solely in Bitcoin, and not protected by the Investment Company Act of 1940 or Commodity Exchange Act of 1936, suitable for investors with high risk tolerance.
Management and Fees
Passively managed with a low total expense ratio of 0.25%, with Bitcoin custodied by Fidelity Digital Asset Services, LLC; full details on fees and risks are in the prospectu

Fidelity Wise Origin Bitcoin Fund ETF Information

Ticker SymbolFBTC
IssuerFidelity
Expense Ratio0.25%
Fund TypeSpot
Custodian Fidelity Digital Assets
Bitcoin Only✓ Yes
Fund Inception2024-01-11
RegulatorU.S. Securities and Exchange Commission (SEC)

Investment Strategy

Pure Bitcoin Spot

Market Performance

YTD Return
-14.54%
1 Year Return
-27.50%
Avg Volume
4,565,100
📄 View Fund Prospectus

About Fidelity

Background
Fidelity Investments is one of the largest financial services firms in the world, managing over $4.5 trillion in assets.
Digital Assets
Fidelity Digital Assets, launched in 2018, was one of the first major institutions to offer crypto custody and trading.
Bitcoin ETFs
The Fidelity Wise Origin Bitcoin Fund (FBTC) launched January 2024 as one of the initial wave of spot Bitcoin ETFs.
Custody
Uses its own subsidiary, Fidelity Digital Assets, for Bitcoin custody — one of few issuers with in-house custody.
Track Record
Over 75 years of investment management experience.

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