FBTC ETF — Fidelity Wise Origin Bitcoin Fund
Fidelity Wise Origin Bitcoin Fund (FBTC)
Updated October 9, 2026.
FBTC is an ETF linked to Bitcoin. its expense ratio is 0.25%. Total return is 75.0% over the past 2.7 years, 6.2 points ahead of SPY at 68.8%.
Fidelity Wise Origin Bitcoin Fund is an exchange-traded fund that provides direct exposure to bitcoin by holding the underlying asset, with shares valued daily using volume-weighted median pricing from eligible bitcoin spot markets. The fund does not distribute income and carries an expense ratio of 0.25%. This fund is designed for investors seeking straightforward bitcoin price exposure without the complexity of direct cryptocurrency ownership or trading.
FBTC dividend growth
| Window | Change |
|---|---|
| 3Y | 0.0% |
| 5Y | 0.0% |
FBTC holdings and sector exposure
Holdings are not available for this snapshot.
FBTC performance versus SPY
Price and return data through 2026-10-09.
Total return is 75.0% over the past 2.7 years, 6.2 points ahead of SPY at 68.8%. Over the past year its total return — price change plus distributions reinvested — is -32.2%. Its deepest 1-year drawdown was 51.6%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 5.1% | — |
| 3M | 30.2% | — |
| 6M | 13.9% | — |
| YTD | -6.1% | — |
| 1Y | -32.2% | — |
| 2Y CAGR | — | 15.90% |
| Since inception (2.7 years) | 75.0% | 22.60% |
FBTC key facts
- Issuer
- Fidelity Investments
- Asset type
- ETF
- Asset class
- Currency
- Inception date
- 01/10/2024
- Expense ratio
- 0.25%
- Distribution frequency
- None
- Last close
- $71.54 (as of 2026-10-09)
- AUM
- $15,351,201,145
- Average volume
- 1807249.0
- 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. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
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
The deepest 1-year drawdown on record here is 51.6%.
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. 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 is FBTC linked to?
FBTC is linked to Bitcoin, not a broad market index.
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?
Total return is 75.0% over the past 2.7 years, 6.2 points ahead of SPY at 68.8%. Over the past year its total return — price change plus distributions reinvested — is -32.2%. Its deepest 1-year drawdown was 51.6%.
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