Fidelity Advantage Bitcoin ETF
SpotOverview: The Fidelity Advantage Bitcoin ETF (FBTC.TO) is a Canadian spot Bitcoin ETF from Fidelity, separate from the US FBTC product.
Investment Focus: Directly invests in physical Bitcoin, tracking the Fidelity Bitcoin Index.
Accessibility: Trades on TSX under FBTC (CAD) and FBTC.U (USD), eligible for TFSA and RRSP.
Management and Fees: 0.32% management fee, competitive among Canadian-listed spot Bitcoin ETFs.
Background: Fidelity Investments Canada ULC is the Canadian arm of Fidelity Investments, one of the world's largest asset managers.
Bitcoin ETFs: Launched the Fidelity Advantage Bitcoin ETF in November 2021 on the TSX.
Custody: Uses Fidelity Digital Asset Services for institutional-grade cold storage of Bitcoin.
Regulation: Regulated by the Ontario Securities Commission.