"Fidelity Wise Origin Bitcoin Fund (CBOE:FBTC) is a spot Bitcoin ETF. That means it holds actual Bitcoin, custodied by Fidelity Digital Assets, and its price tracks BTC directly."
"FBTC makes money when Bitcoin goes up and loses money when Bitcoin goes down. The expense ratio is 0.25%, among the lowest in the spot Bitcoin ETF category."
"Since inception, the fund has returned roughly 41.6% from its January 2024 launch price of $40.88 to its current level near $57.89."
"FBTC is down about 21% over the past year and 24% year-to-date. Bitcoin itself has experienced significant volatility, impacting the fund's performance."
Fidelity Wise Origin Bitcoin Fund (FBTC) is a spot Bitcoin ETF that holds actual Bitcoin and tracks its price directly. Launched on January 10, 2024, it has $12.3 billion in net assets. FBTC offers a way for retail investors to gain Bitcoin exposure in various account types without managing private keys. The fund has a low expense ratio of 0.25% and has returned approximately 41.6% since inception, despite a 24% drop in Bitcoin's price year-to-date. The fund's performance raises questions about the value of the investment experience.
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