FBTC
Fidelity Wise Origin Bitcoin Trust
FBTC is an exchange-traded product that seeks to track the performance of bitcoin, as measured by the performance of the Fidelity Bitcoin Reference Rate.
Crypto
CURRENCY
Passive
MANAGEMENT STYLE
17.1 B
ASSETS UNDER MGMT
0 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | Crypto |
| Asset class | Currency |
| Website | link... |
| Inception date | Jan 10, 2024 |
| Assets (mns) | $15,990 |
| Expense ratio | 0 bp |
Fund Structure
| Regulation | |
| Distributions | |
| Taxation | |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 15.2% | 79.2% | -- | -- | -- | -- | -- | 76.2% |
| Dividend Yield | 0.0% | 0.0% | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | 15.2% | 79.2% | -- | -- | -- | -- | -- | 76.2% | Ann. Volatility | 44.5% | 52.4% | -- | -- | -- | -- | -- | 53.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 3.68 | 59% |
| MSCI EAFE | 1.12 | 5% |
| MSCI Emg Mkts | 0.34 | 0% |
Liquidity Measures
| Avg. volume (000) | 2,951 |
| ADV traded (mns) | $300 |
| Turnover | 1.8% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| Recent close | $101.64 |
| 30d moving avg. | $93.56 |
| Annualized volatility | 65.7% |
| Relative strength (RSI) | 64 |
| Short interest | 0.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Passive Crypto Currency ETFs |
| # of ETFs | 9 |
| Avg. Expense Ratio | 41.0 bp |
| Std. Deviation | 52.8 bp |
| FBTC (0 bp) Percentile rank | 19 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FBTC | 0.0 | 2.0 | 2 |
| Peer Avg. | 43.8 | 7.0 | 50.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .