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FBTC

Fidelity Wise Origin Bitcoin Fund

Spot Bitcoin ETF from Fidelity. Self-custodies Bitcoin through Fidelity Digital Assets, unlike competitors who use Coinbase Custody. Second-largest spot Bitcoin ETF by AUM. Very short operating history (Jan 2024).

AlternativeTER 0.25%Acc.
TER
0.25%
AUM
$20B
CAGR
30.2%
Volatility
51.1%
Sharpe
0.53
Max Drawdown
-43.9%
Data Range
2024-01 → 2026-04

Performance Analysis

Maximum Drawdown History

How far the ETF has fallen from its all-time high at each point. Deeper = more painful.

Current DD-33.7%
Worst DD-43.9%
Worst date2026-02

Rolling Returns

Annualized returns over rolling windows. Shows the range of outcomes depending on when you invested.

Insufficient data for this window

Backtest Data Proxy

Very short operating history: only ~28 months since Jan 2024 launch.

Key Facts

ISIN
US3160928731
Issuer
Fidelity
Benchmark
Fidelity Bitcoin Reference Rate
Total Expense Ratio (TER)
0.25%
Assets Under Management
$20B approx.
Inception Date
2024-01-11
Domicile
United States
Legal Structure
Grantor Trust
Dividend Policy
Accumulating (auto-reinvests)
Replication Method
Physical (Full Replication)
UCITS Status
✗ Not UCITS
Fund Currency
USD
Primary Exchange
CBOE BZX
Number of Holdings
~1
Backtest this ETFOfficial Fund Page

Who Is This ETF For?

Investors preferring automatic dividend reinvestment (no tax event on distributions in many jurisdictions).

Key Risks to Consider

Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).

Similar ETFs

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Data & Methodology

Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.

Data source: Yahoo Finance (adjusted close), Fidelity (metadata)Last verified: 2026-04-17

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ARKB

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ETHE

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Alternative Approaches

ETHA

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TER 0.25%$4B AUM
BITO

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💬 Frequently Asked Questions

Spot Bitcoin ETF from Fidelity. Self-custodies Bitcoin through Fidelity Digital Assets, unlike competitors who use Coinbase Custody. Second-largest spot Bitcoin ETF by AUM. Very short operating history (Jan 2024).
FBTC has a total expense ratio (TER) of 0.25%, which means you pay $25 per year for every $10,000 invested.
FBTC is an accumulating ETF — dividends are automatically reinvested into the fund rather than paid out, which can be more tax-efficient in many jurisdictions.
FBTC is a US-domiciled ETF (not UCITS). Non-US investors should consider the US estate tax implications (40% on US assets above $60,000) and the 30% dividend withholding tax (reduced by treaty in some countries).
FBTC uses full physical replication, meaning it holds all (or nearly all) securities in the Fidelity Bitcoin Reference Rate index directly.