FBTC
Fidelity Wise Origin Bitcoin Fund
📎 Investment Objective
The Fidelity Wise Origin Bitcoin Fund (FBTC) seeks to provide investment exposure to the price movement of bitcoin, the leading cryptocurrency.
Overview
ETF tracking Fidelity Wise Origin Bitcoin Fund
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Fidelity Wise Origin Bitcoin Fund (FBTC) seeks to provide investment exposure to the price movement of bitcoin, the leading cryptocurrency.
🎯 Investment Strategy
The fund invests in bitcoin indirectly through cash-settled bitcoin futures contracts and other bitcoin-related instruments. It does not invest directly in bitcoin or other cryptocurrencies.
✨ Key Features
- Provides exposure to the price of bitcoin without the need to hold the cryptocurrency directly
- Invests in bitcoin futures and other derivatives rather than the underlying asset
- Aims to track the performance of bitcoin, but may not perfectly replicate its returns
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Cryptocurrency market risk - Bitcoin and other cryptocurrencies are highly volatile and speculative assets
- Derivatives risk - Investing in futures and other derivatives can amplify gains and losses
- Tracking error risk - The fund may not perfectly track the performance of the bitcoin market
- Liquidity risk - Bitcoin futures and related instruments may have limited trading volume and liquidity
👤 Best For
The Fidelity Wise Origin Bitcoin Fund may be suitable for experienced investors seeking exposure to the cryptocurrency market as part of a diversified portfolio. However, due to the high volatility and speculative nature of bitcoin, this fund is considered a high-risk investment and is not appropriate for all investors, especially those with a low risk tolerance or a short investment horizon.