Fidelity Advantage Bitcoin ETF (FBTC.TO) is a Canadian exchange-traded fund that provides investors with direct exposure to bitcoin. Launched on November 30, 2021, by Fidelity Investments Canada, the ETF allows investors to gain exposure to bitcoin without the complexities of managing digital wallets or navigating cryptocurrency exchanges. Fidelity leverages its in-house storage services to securely hold the fund's bitcoin assets, ensuring institutional-grade custodial services. (fidelity.ca)

In a move to enhance its competitiveness, Fidelity Investments Canada reduced the management fee for the ETF from 0.39% to 0.32%, effective January 13, 2025. This fee reduction aims to provide a more cost-effective option for investors looking to include bitcoin in their portfolios. (newswire.ca)