FBTC

The Fidelity Wise Origin Bitcoin Fund (FBTC) is a U.S.–domiciled exchange‑traded product that invests exclusively in spot Bitcoin, holding the digital currency in custody with Fidelity Digital Assets and seeking to track the Fidelity Bitcoin Reference Rate. Its strategy is passive: the fund mirrors the price performance of Bitcoin by directly owning the underlying asset rather than using futures or derivatives, providing a straightforward exposure to the cryptocurrency market. Because the fund holds a single, highly volatile asset, it is best suited for investors with a high risk tolerance who want Bitcoin exposure within a familiar brokerage or tax‑advantaged account and who understand the potential for large price swings and liquidity risk.