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.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Grayscale Investments is known for pioneering digital asset investment products, offering exposure to cryptocurrencies and blockchain-related assets through a traditional fund structure. The company's nine ETFs focus primarily on digital assets, including flagship offerings like Bitcoin (BTC, BTCC) and Ethereum (ETH, ETHE), alongside diversified crypto and blockchain-focused funds. Grayscale's niche centers on making cryptocurrency investment accessible to institutional and retail investors seeking regulated, professionally managed digital asset exposure.
See our curated list of related YouTube videos on GBTC.
Bitcoin spot exposure through an exchange-traded bitcoin fund structure.
Provides bitcoin exposure through shares backed by held bitcoin.
Asset class
Currency
Currency
Inception date
01/10/2024
09/25/2013
Beta
1.8779
1.8866
Last dividend
—
$0.0006
Bottom lineFBTC and GBTC are nearly interchangeable — both offer very similar exposure with very similar cost and risk. The clearest tie-breaker is cost: FBTC is cheaper at 0.25% vs 1.50%.
Most used
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
FBTC has outpaced GBTC over the trailing twelve months, posting a -46.31% total return against -46.99%. Measured from Jan 2024 — when the younger fund began trading — FBTC has compounded at 13.56% a year versus 13.10% for GBTC. 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
FBTC (Fidelity Wise Origin Bitcoin Fund) and GBTC (Grayscale Bitcoin Trust ETF) are both ETFs, but they take different approaches.
FBTC is cheaper with an expense ratio of 0.25% compared to 1.50%.
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, FBTC has no reported distribution yield yet, so a monthly income estimate is not available, while GBTC has no reported distribution yield yet, so a monthly income estimate is not available, at current distribution rates.
FBTC yield0.00%
GBTC yield0.00%
Cost & efficiency
Over 10 years on $10,000, FBTC would cost approximately $250 in fees vs $1,500 for GBTC (simplified, not compounded). The $1,250.00 difference may be offset by yield or performance.
FBTC ER0.25%
GBTC ER1.50%
Strategy & risk
FBTC is an ETF, while GBTC is an ETF. Beta is 1.8779 for FBTC and 1.8866 for GBTC, indicating FBTC is less volatile relative to the market.
FBTC beta1.8779
GBTC beta1.8866
Fund details
FBTC is managed by Fidelity Investments (launched 01/10/2024) with $11.4B in assets. GBTC is managed by Grayscale Investments (launched 09/25/2013) with $9.06B in assets.
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Frequently asked questions
Which of FBTC or GBTC pays more dividend income?
GBTC currently reports a distribution yield, while FBTC 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 FBTC and GBTC?
FBTC (Fidelity Wise Origin Bitcoin Fund) is an ETF, while GBTC (Grayscale Bitcoin Trust ETF) is an ETF. They are issued by Fidelity Investments and Grayscale Investments respectively.
Can I hold both FBTC and GBTC?
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, FBTC or GBTC?
FBTC has an expense ratio of 0.25% while GBTC charges 1.50%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in FBTC vs GBTC generate?
At current rates, FBTC has not established a distribution history yet, so a monthly income estimate is not available. GBTC has not established a distribution history yet, so a monthly income estimate is not available.
Which has performed better historically, FBTC or GBTC?
FBTC has outpaced GBTC over the trailing twelve months, posting a -46.31% total return against -46.99%. Measured from Jan 2024 — when the younger fund began trading — FBTC has compounded at 13.56% a year versus 13.10% for GBTC. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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