FBTC

The Fidelity Wise Origin Bitcoin Fund (FBTC) is a passively managed ETF that invests exclusively in Bitcoin, providing direct exposure to the digital currency’s price movements without holding stocks, bonds or cash equivalents. Its strategy is to track the spot price of Bitcoin in U.S. dollars by holding the asset in‑specie and using price feeds from qualified trading platforms, aiming for a one‑to‑one correlation with the underlying cryptocurrency. Because the fund’s focus is solely on Bitcoin, it is suited to investors who want a regulated, exchange‑traded vehicle for pure Bitcoin exposure and who are comfortable with the high volatility and crypto‑specific risk profile inherent to the asset.