FI

Fidelity Wise Origin Bitcoin Fund

An ETF tracking spot bitcoin, offering regulated exposure without the complexity of self-custody.

FBTC | US

Overview

Corporate Details

ISIN(s):
N/A
LEI:
Country:
United States of America
Address:
245 SUMMER STREET, 2210 BOSTON
Sector:
Industry:

Description

The Fidelity Wise Origin Bitcoin Fund (FBTC) is an exchange-traded fund that aims to track the performance of spot bitcoin, as measured by the Fidelity Bitcoin Reference Rate, less the fund's expenses. It provides investors and financial advisors with a regulated vehicle to gain exposure to bitcoin without the complexities of direct purchase and self-custody. The fund achieves its objective by holding physical bitcoin, which is secured in custody by Fidelity Digital Asset Services, LLC, utilizing the firm's extensive operational and security infrastructure. Launched in 2024, FBTC represents a key product in Fidelity's broader digital assets strategy, which the firm has been developing since 2014. The product is designed for investors with a high tolerance for risk, given the inherent volatility of digital assets.

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