ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Bitwise Investments is known for pioneering cryptocurrency and digital asset ETFs, establishing itself as a specialized provider in the emerging digital assets space. The firm's 10-fund lineup spans digital assets (including popular tickers BITB, BITC, and BITQ focused on Bitcoin, cryptocurrency, and Nasdaq-100 crypto exposure), covered call and option income strategies (BTOP, ICOI, IMRA, IMST), and traditional income-focused products. The issuer's niche combines exposure to cryptocurrencies and blockchain assets with systematic income-generation strategies, distinguishing it from traditional broad-market ETF providers.
See our curated list of related YouTube videos on BITB.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Fidelity Investments is a major player in the ETF space, known for offering a comprehensive range of funds across diverse investment strategies and asset classes. Their lineup of 67 ETFs spans allocation, bond, dividend, equity, factor-based, income, index, international, and sector-focused strategies, with notable offerings including their Fidelity Factor and Fidelity Yield Enhanced families designed to capture specific market premiums and enhance income generation. The issuer serves both broad market investors and those seeking specialized exposure, with popular tickers like FBTC (their Bitcoin ETF) and various dividend and income-focused funds catering to different investor objectives and risk profiles.
See our curated list of related YouTube videos on FBTC.
Tracks the value of bitcoin held in custody on behalf of the fund.
Bitcoin spot exposure through an exchange-traded bitcoin fund structure.
Asset class
Currency
Currency
Inception date
01/10/2024
01/10/2024
Beta
1.884
1.8779
Bottom lineBITB and FBTC are nearly interchangeable — both offer very similar exposure with very similar cost and risk. The clearest tie-breaker is cost: BITB is cheaper at 0.20% vs 0.25%.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
BITB has outpaced FBTC over the trailing twelve months, posting a -46.28% total return against -46.31%. Measured from Jan 2024 — when the younger fund began trading — FBTC has compounded at 13.56% a year versus 13.47% for BITB. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 14, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jan 2024” measures every fund from January 11, 2024 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
BITB (Bitwise Bitcoin ETF Trust) and FBTC (Fidelity Wise Origin Bitcoin Fund) are both ETFs, but they take different approaches.
BITB is cheaper with an expense ratio of 0.20% compared to 0.25%.
FBTC is the larger fund by assets ($11.4B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, BITB has no reported distribution yield yet, so a monthly income estimate is not available, while FBTC has no reported distribution yield yet, so a monthly income estimate is not available, at current distribution rates.
BITB yield0.00%
FBTC yield0.00%
Cost & efficiency
Over 10 years on $10,000, BITB would cost approximately $200 in fees vs $250 for FBTC (simplified, not compounded). The $50.00 difference may be offset by yield or performance.
BITB ER0.20%
FBTC ER0.25%
Strategy & risk
BITB is an ETF, while FBTC is an ETF. Beta is 1.884 for BITB and 1.8779 for FBTC, indicating FBTC is less volatile relative to the market.
BITB beta1.884
FBTC beta1.8779
Fund details
BITB is managed by Bitwise Investments (launched 01/10/2024) with $2.34B in assets. FBTC is managed by Fidelity Investments (launched 01/10/2024) with $11.4B in assets.
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Frequently asked questions
Which of BITB or FBTC pays more dividend income?
FBTC currently reports a distribution yield, while BITB has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.
What is the difference between BITB and FBTC?
BITB (Bitwise Bitcoin ETF Trust) is an ETF, while FBTC (Fidelity Wise Origin Bitcoin Fund) is an ETF. They are issued by Bitwise Investments and Fidelity Investments respectively.
Can I hold both BITB and FBTC?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, BITB or FBTC?
BITB has an expense ratio of 0.20% while FBTC charges 0.25%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in BITB vs FBTC generate?
At current rates, BITB has not established a distribution history yet, so a monthly income estimate is not available. FBTC has not established a distribution history yet, so a monthly income estimate is not available.
Which has performed better historically, BITB or FBTC?
BITB has outpaced FBTC over the trailing twelve months, posting a -46.28% total return against -46.31%. Measured from Jan 2024 — when the younger fund began trading — FBTC has compounded at 13.56% a year versus 13.47% for BITB. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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