Crypto
Spot Bitcoin ETFs Explained: How IBIT, FBTC and the Rest Work
Spot Bitcoin ETFs turned custody, keys and exchanges into a single ticker. How IBIT and FBTC work, what they cost, and where the risks hide.
FBTC
Fidelity Wise Origin Bitcoin Fund FBTC
$63.90
▲ 0.06 (+0.09%)
Price Chart
Fidelity Wise Origin Bitcoin Fund Price Chart
$63.90
▲ +0.09%
FBTC · Cboe US
Key Statistics
FBTC Key Statistics
NAV$63.89
AUM$14.17B
Expense Ratio0.25%
Dividend Yield0.00%
YTD Return-12.57%
1-Year Return-30.07%
3-Year (annual.)—
5-Year (annual.)—
52-Week High$110.25
52-Week Low$54.21
Beta (3Y)0.00
InceptionJan 2024
The Both Eyes View
FBTC — bull case vs bear case
Red Eye — Risks of FBTC
- A 0.25% expense ratio is a recurring annual cost that compounds against returns versus the cheapest index funds.
- Tracks a highly volatile underlying asset — drawdowns can be deep and fast.
- All ETFs carry market risk — the price can fall, and past performance does not predict future results.
Green Eye — The case for FBTC
- A large, established fund ($14.17B AUM) means deep liquidity and tight bid-ask spreads.
- A regulated, brokerage-friendly way to get spot crypto exposure — no wallets or private keys to manage.
- Trades all day like a stock, with transparent holdings and no minimum investment.
The Both Eyes View weighs the bear case and the bull case. Not financial advice.
About FBTC
About Fidelity Wise Origin Bitcoin Fund
The index is constructed using bitcoin price feeds from eligible bitcoin spot markets and a volume-weighted median price (“VWMP”) methodology, calculated every 15 seconds based on VWMP spot market data over rolling sixty-minute increments. In seeking to achieve its investment objective, the trust will hold bitcoin and will value its shares daily as of 4:00 p.m. EST using the same methodology used to calculate the index. All of the trust’s bitcoin will be held by the custodian.
This page tracks FBTC's live price, holdings, expense ratio and returns, refreshed daily. For how we source market data, see our methodology.
Latest FBTC news
FBTC ETF FAQ
What does FBTC hold?
Fidelity Wise Origin Bitcoin Fund (FBTC) holds a diversified basket tracking its target index. See the holdings and sector breakdown above.
What is the FBTC expense ratio?
The Fidelity Wise Origin Bitcoin Fund expense ratio is 0.25% per year — that is about $25.00 annually on a $10,000 investment.
Is FBTC a good investment?
Whether FBTC suits you depends on your goals, time horizon and risk tolerance. Weigh the bull case and bear case above, the cost, and how it fits your overall portfolio. Nothing here is financial advice.
Does FBTC pay dividends?
Fidelity Wise Origin Bitcoin Fund may distribute any income its holdings generate; check the issuer page for the latest distribution yield.
What index does FBTC track?
Fidelity Wise Origin Bitcoin Fund is a crypto ETF from Fidelity Investments. Its objective and benchmark index are detailed in the fund prospectus on the issuer's site.
ETF data is for information only and may be delayed. Nothing here is investment advice or a recommendation to buy or sell FBTC. Markets are volatile and investing carries risk — always do your own research and read the fund prospectus.