An Overview

Fidelity's Bitcoin Fund: FBTC

An Overview

The Fidelity Wise Origin Bitcoin Fund (FBTC) is an innovative investment vehicle that provides exposure to the price of Bitcoin without the need to purchase and hold the cryptocurrency directly. Launched in October 2021, FBTC is an exchange-traded fund (ETF) that holds physical Bitcoin in its portfolio. As a result, the fund's net asset value (NAV) generally reflects the price changes of Bitcoin.

Advantages of FBTC

Investing in FBTC offers several advantages compared to holding Bitcoin directly.

• Accessibility: FBTC can be easily traded on traditional stock exchanges, making it accessible to a wider range of investors.
• Convenience: Unlike investing in Bitcoin directly, FBTC provides the convenience of a managed fund with transparent pricing and reporting.
• Diversification: FBTC allows investors to diversify their portfolio by adding exposure to the cryptocurrency market without having to commit significant capital.

Conclusion

The Fidelity Wise Origin Bitcoin Fund (FBTC) is a unique and convenient investment vehicle that provides exposure to the price of Bitcoin without the complexities and risks associated with purchasing and holding the cryptocurrency directly. As the demand for cryptocurrency investments continues to grow, FBTC is poised to play a significant role in opening up the Bitcoin market to a broader base of investors.