Fidelity Wise Origin Bitcoin Index Fund (FBTC)
BATS BATS Primary Summary
Market Risks Looming? Why Bitcoin ETFs Are Standing Out
Spot bitcoin ETFs have been part of the ETF landscape now for more than two years. Ever since the SEC approved their use, they've become an important toolset for ETF investors, drawing billions in inflows.
FBTC: The Next Rally Has To Earn Trust
I rate FBTC Tactical Hold on a one-to-three-month horizon. Existing holders can stay, while new capital should wait for another broadly confirmed move. July 23 showed weaker structure despite a smaller decline, while July 29 fell more, but less than expected, during a broad selloff and later recovered. August 12 paired bullish call execution with weak confirmation, while August 19 aligned price, option scale, skew, crypto derivatives and durable follow-through.
FBTC: August's Bitcoin Surge To Above $80k May Not Hold Despite This September 15 Catalyst
The Fidelity Wise Origin Bitcoin Fund ETF offers indirect Bitcoin exposure amid evolving U.S. crypto regulation. FBTC's prospects hinge on the CLARITY Act's progress, but Bitcoin's decentralized nature lessens regulatory delay risks versus altcoins. Recent net inflows favor IBIT, but FBTC remains a top pick alongside BTC and IBIT; cost differences are minimal but can grow significantly over time.
Fidelity Wise Origin Bitcoin Index Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 2,515 | $151,794.25 | $180,074 | $28,279.75 | 18.63% |
 Curtis Ellergodt Rothschild Investment LLC | 29 | $2,365.82 | $2,061.32 | -$304.5 | -12.87% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 163,437 | $8.34M | $11.62M | $3.27M | 39.24% |
 Means Investment Company Means Investment Company Inc. | 415,000 | $28.51M | $29.46M | $957,452.14 | 3.36% |
| TC Tyler Chaisson COMPASS CAPITAL Corp. /MA/ /ADV | 4,852 | $283,047.89 | $344,443.48 | $61,395.59 | 21.69% |
Fidelity Wise Origin Bitcoin Index Fund (FBTC) FAQ
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Fidelity Wise Origin Bitcoin Index Fund Profile
| BATS Exchange | US Country |
Overview
The described entity is a trust structured to enable investments in bitcoin. It aims to replicate the performance of bitcoin using a specific index methodology. This methodology relies on price feeds from various eligible bitcoin spot markets, incorporating a volume-weighted median price (VWMP) calculation. This calculation is updated every 15 seconds, summarizing spot market data over rolling sixty-minute periods. The trust's primary objective is to mirror the investment results that correspond to the current price of bitcoin, as measured by the index it follows. To achieve this, the trust directly holds bitcoin and commits to valuing its shares daily based on the index's methodology, with evaluations conducted at 4:00 p.m. EST each day. A designated custodian is tasked with the safekeeping of all the bitcoin assets held by the trust.
Products and Services
- Bitcoin Investment Trust
The trust allows investors to gain exposure to the movements in the price of bitcoin without the complexities of buying, storing, and safekeeping bitcoins themselves. It aims to provide a secure and straightforward way for investors to beneficially own bitcoin through a traditional investment structure, which is marked to market daily.
- Custodian Services
All bitcoins held by the trust are securely stored with a custodian. This service ensures the safety and security of the digital assets under management, relieving investors of the responsibilities and risks associated with the direct handling and storage of bitcoin. The custodian is specifically chosen for its ability to protect these assets, thus providing a layer of assurance to investors in the trust.
- Index-Based Valuation
The trust's valuation is uniquely tied to an index that reflects the price of bitcoin in the spot market, utilizing a VWMP methodology. This index is meticulously calculated every 15 seconds, summarizing data from the past sixty minutes to ensure that the trust’s share value is accurately reflecting the real-time price movements of bitcoin. This innovative approach provides a transparent and objective basis for the valuation of the trust's holdings, catering to investors' needs for reliable and up-to-date pricing information.
Contact Information
