Fidelity Wise Origin Bitcoin Fund(NYSEMKT) FBTC

Fidelity Wise Origin Bitcoin Fund lets investors track bitcoin’s price without owning bitcoin directly. It offers a simple way to gain exposure to bitcoin through regular stock exchanges. This helps people avoid the technical challenges of buying and storing digital assets themselves.

Bitcoin, But Make It Simple: Products and Services

• FBTC Shares: Shares represent a direct interest in the fund’s bitcoin holdings (100% of assets).
• Exchange-Traded Access: Shares trade on the Cboe BZX Exchange, making bitcoin exposure available through standard brokerage accounts.
• Institutional Custody: All bitcoin is held securely by Fidelity Digital Asset Services for investors’ benefit.
• Low-Cost Structure: The fund charges a 0.25% annual sponsor fee, with most other costs covered by the sponsor.

Growing Pains and Gains: Expansion Moves

• Launched in January 2024 as part of the first U.S. spot bitcoin exchange-traded products.
• Waived sponsor fee through July 2024 to attract initial investment.
• Uses Coin Metrics as index calculation agent and Blockstream for intraday pricing data.
• Continuously issues and redeems shares in large blocks to maintain liquidity and price alignment.

What Makes Fidelity Wise Origin Bitcoin Fund Stand Out

The fund offers direct bitcoin exposure without the need for digital wallets or private keys. Its structure avoids leverage and derivatives, focusing only on holding bitcoin securely for investors.

Five Things You Need to Know

• Net assets rose from approximately $18.8 billion as of December 31, 2024 to $21.6 billion as of June 30, 2025.
• All returns come from bitcoin price changes, not traditional revenue or income.
• Annual sponsor fee is 0.25%, paid in bitcoin, with most other costs covered by the sponsor.
• Shares outstanding were 230.7 million as of June 30, 2025.
• Fund performance is highly sensitive to bitcoin’s price volatility and regulatory changes.

Bottom Line

Fidelity Wise Origin Bitcoin Fund gives investors a straightforward way to access bitcoin’s price movements. Its single-asset focus means results depend entirely on bitcoin’s market performance.