FBTC ETF — Fidelity Wise Origin Bitcoin Fund
Fidelity Wise Origin Bitcoin Fund (FBTC)
FBTC is an ETF that tracks the Bitcoin. As of August 28, 2026, its expense ratio is 0.25%. Fund total return is 65.0% over the past 2.6 years, 1.4 points behind SPY at 66.4%.
Fidelity Wise Origin Bitcoin Fund is an exchange-traded fund that provides direct exposure to bitcoin through a spot market structure, holding bitcoin directly with a custodian and valuing shares daily using a volume-weighted median price methodology across eligible bitcoin markets. The fund does not distribute income and carries an expense ratio of 0.25%. It appeals to investors seeking straightforward bitcoin exposure through a traditional fund wrapper rather than direct cryptocurrency ownership or futures-based products.
FBTC performance versus SPY
Data as of August 28, 2026.
Fund total return is 65.0% over the past 2.6 years, 1.4 points behind SPY at 66.4%. Its deepest 1-year drawdown was 53.4%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (2.6 years) | 65.0% | 21.00% |
FBTC key facts
Data as of August 28, 2026.
- Issuer
- Fidelity Investments
- Asset type
- ETF
- Asset class
- Currency
- Inception date
- 01/10/2024
- Expense ratio
- 0.25%
- Distribution frequency
- None
- Last close
- $67.44
- AUM
- $13,880,172,431
- Average volume
- 5587658.0
- Beta
- 1.8779
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 28, 2026.
Distribution rate methodology · Distribution Safety Score methodology · SEC yield
Sources and review
Data as of August 28, 2026.
Primary sources: Fidelity Investments; Index: Bitcoin; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
FBTC risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 53.4%.
Who may consider FBTC — and who may not
It is a weaker fit for investors who need monthly cash flow (FBTC does not currently distribute); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
Compare FBTC
FBTC vs similar funds:
Frequently asked questions
Does FBTC pay monthly?
No. FBTC does not currently distribute.
What index does FBTC track?
FBTC tracks the Bitcoin.
What is FBTC's expense ratio?
FBTC's expense ratio is 0.25%.
When does FBTC pay a dividend?
FBTC does not currently distribute.
How has FBTC performed?
Fund total return is 65.0% over the past 2.6 years, 1.4 points behind SPY at 66.4%. Its deepest 1-year drawdown was 53.4%.
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