Key stats
About Fidelity Wise Origin Bitcoin Fund
Home page
Inception date
Jan 10, 2024
Structure
Grantor Trust
Replication method
Physical
Dividend treatment
Capitalizes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Primary advisor
Fidelity Service Co., Inc.
Distributor
Fidelity Distributors Co. LLC
FBTC aims to track the price of bitcoin, less trust expenses and liabilities. It intends to provide accessibility to bitcoin without the complexities of acquiring, holding, and trading directly through a digital asset platform. Holdings are valued daily based on the Fidelity Bitcoin Reference Rate, using bitcoin price feeds from eligible bitcoin spot markets and a volume-weighted median price methodology. The index aggregates the trade flow of several bitcoin platforms during an observation window, focusing on relevant transactions, as defined by the index provider. This serves as a once-a-day benchmark rate of bitcoins USD price. The fund will not utilize leverage. Tax consequences to shareholders is unclear. If treatment is similar to other physical precious metal ETFs, shares are taxed at the higher rate of collectibles. The fund may also sell bitcoin in order to pay trust expenses. As a result, this may be reflected as a return of capital and an income expense.
Classification
Symbol
Geography
Global
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FBTC assets under management is 21.15 B USD. It's risen 12.84% over the last month.
FBTC fund flows account for 2.86 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, FBTC doesn't pay dividends to its holders.
FBTC shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Jan 10, 2024, and its management style is Passive.
FBTC expense ratio is 0.25% meaning you'd have to pay 0.25% of your investment to help manage the fund.
FBTC follows the Fidelity Bitcoin Reference Rate - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FBTC invests in cash.
FBTC price has risen by 10.11% over the last month, and its yearly performance shows a 44.60% increase. See more dynamics on FBTC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 8.18% over the last month, showed a 17.92% increase in three-month performance and has increased by 12.03% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 8.18% over the last month, showed a 17.92% increase in three-month performance and has increased by 12.03% in a year.
FBTC trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.