Fidelity Wise Origin Bitcoin Fund

Fidelity Investments launched the Fidelity® Wise Origin® Bitcoin Fund (FBTC) on January 11, 2024, marking a significant milestone as one of the industry's first spot bitcoin exchange-traded products (ETPs). This initiative reflects Fidelity's commitment to providing investors with direct exposure to bitcoin within a familiar investment structure. The fund is designed to track the performance of bitcoin, offering a straightforward avenue for investors to engage with digital assets. (newsroom.fidelity.com)

Fidelity's engagement with digital assets dates back to 2014, when the firm began researching blockchain technology. In 2015, Fidelity Charitable® started accepting bitcoin contributions, and by 2018, Fidelity Digital Assets℠ was established to provide custody services for institutional clients. The launch of FBTC in 2024 represents the culmination of these efforts, offering investors a regulated and secure means to invest in bitcoin. (institutional.fidelity.com)

The fund's expense ratio is competitively set at 0.25%, with the fee waived for the first six months following its launch. Fidelity Digital Assets℠ serves as the custodian for the fund's bitcoin holdings, ensuring robust security measures are in place. (newsroom.fidelity.com)

Investors interested in FBTC can access the fund through Fidelity's online platforms, with availability across various account types, including brokerage, trust, and tax-advantaged accounts. This accessibility, combined with Fidelity's longstanding expertise in financial services and digital assets, positions FBTC as a compelling option for those seeking exposure to bitcoin. (newsroom.fidelity.com)