Fidelity Wise Origin Bitcoin Fund ETF

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

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.