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Author: Admin | 2025-04-28
TL;DR We just launched FBTC (Fidelity® Wise Origin® Bitcoin Fund), an exchange-traded product that lets you incorporate the price of bitcoin into your investment strategy across account types, including brokerage, trust, and tax-advantaged accounts. Hey r/FidelityCrypto, We’re thrilled to introduce you to FBTC (Fidelity® Wise Origin® Bitcoin Fund). It’s a fund that allows you to get easier exposure to bitcoin through your investment accounts. This may be an option for the crypto-curious investors looking to dip their toes into bitcoin. Even if you’re already invested in crypto, FBTC may help diversify your portfolio with the support and convenience of a Fidelity investment account. When I invest in FBTC, am I buying bitcoin? No. You are buying shares of an exchange-traded product that invests 100% in bitcoin. FBTC reflects the performance of bitcoin as measured by the Fidelity Bitcoin Reference Rate, which we created to track the price of bitcoin. FBTC offers competitive pricing and no lock-up period. What are its underlying assets? To track the price of bitcoin, the fund's underlying holding is physical bitcoin, custodied by Fidelity Digital AssetsSM. FBTC does not invest in any derivatives or any other cryptocurrencies. What type of accounts can I invest in FBTC with? Because FBTC is an exchange-traded product traded on the traditional stock exchange, you can invest in it similarly to other securities. And it lets you incorporate the price of bitcoin into your investment strategy across account types, including brokerage, trust, and tax-advantaged accounts. What is the fund's fee? Fidelity Investments is waiving the fee to invest in FBTC. Starting August 1, 2024, Fidelity will begin charging an expense ratio of 25 basis points. How can I start investing in FBTC? You'll need to do two things before you're able to invest in FBTC with Fidelity: After entering your trade details, you will be asked to execute Fidelity’s Designated Investments Agreement (DIA) on Fidelity.com. We require the DIA on certain complex and risky products. Note: If you are using our app, you will be redirected to a browser to complete this step. If you agree to the DIA, proceed
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