Fidelity bitcoin investors in the U.S. can now access the Fidelity Wise Origin Bitcoin Fund (FBTC), Fidelity said in a press release announcing the launch of the spot bitcoin exchange-traded product.
The Fidelity press release on the firm’s newsroom page says the firm “launches the Fidelity® Wise Origin® Bitcoin fund (FBTC), one of the industry’s first spot bitcoin exchange-traded products (ETPs).”
Fidelity’s product page describes FBTC as providing “the opportunity to gain exposure to the price of bitcoin in a familiar investment structure that passively invests in bitcoin.”
Market coverage has noted FBTC’s role among large sponsors: CoinDesk reported that BlackRock’s IBIT and Fidelity’s FBTC were attracting the majority of new bitcoin ETF flows, leaving smaller funds sidelined.
How it works: Fidelity’s crypto fund materials explain FBTC holds bitcoin directly and aims to mirror bitcoin’s price performance by passively holding the asset, rather than using futures or derivatives.
Why it matters: industry coverage says the largest ETF sponsors have been concentrating inflows, which can affect liquidity and fee competition across bitcoin ETPs and ETFs.
Sources
- Fidelity Newsroom — press release announcing the launch of the Fidelity® Wise Origin® Bitcoin fund (FBTC) as a spot bitcoin ETP.
- Fidelity.com — product page describing FBTC as offering exposure to the price of bitcoin and that it “passively invests in bitcoin.”
- CoinDesk — reporting on market flows showing BlackRock’s IBIT and Fidelity’s FBTC attracting the majority of new bitcoin ETF money.
