FBTC is Fidelity’s Bitcoin ETF, allowing you to invest in Bitcoin via your usual brokerage account without having to own the crypto directly. It’s the second-largest Bitcoin ETF, boasting $24.4 billion in assets, and provides unique in-house custody from a reliable financial powerhouse.
Understanding about FBTC
Fidelity’s Bitcoin ETF stands for the Fidelity Wise Origin Bitcoin Fund – it’s a spot Bitcoin Exchange-Traded Fund (ETF) that lets investors get into Bitcoin without having to own the cryptocurrency directly. It trades under the ticker “FBTC” on the Cboe BZX Exchange, and it actually holds Bitcoin while tracking its price changes.
Since its launch on January 11, 2024, after the SEC gave the green light for spot Bitcoin ETFs, FBTC has rapidly risen to become the second-largest Bitcoin ETF in terms of assets under management, with over 206,000 Bitcoin valued at around $24+ billion. By July 2025, FBTC made up more than 9% of the spot Bitcoin ETF market share and accounted for 0.98% of the total Bitcoin supply.
How FBTC Works
Fidelity’s Bitcoin ETF works similarly to a regular ETF, but it holds Bitcoin rather than stocks. When you buy shares of FBTC, you’re essentially getting a slice of a fund that actually owns Bitcoin. The price of the shares goes up and down based on Bitcoin’s market value.
FBTC vs Other Spot Bitcoin ETF
Fidelity’s Bitcoin ETF stands out because of its in-house custody model, which removes the risk of third-party custody and keeps fees competitive.
| ETF | Issuer | Assets (Approx.) | Annual Fee | Custodian |
| IBIT | BlackRock | ~$87.2 Billion | 0.25% (0.12% waived on first $5B) | Coinbase Custody |
| FBTC | Fidelity | ~$24.4 Billion | 0.25% | Fidelity Digital Assets |
| GBTC | Grayscale | ~$20 Billion | 1.50% | Coinbase Custody |
Conclusion
FBTC provides a great opportunity for traditional investors to get exposure to Bitcoin via a reliable, regulated option. With Fidelity’s distinctive in-house custody system, competitive pricing, and institutional know-how, it stands out as a solid pick among Bitcoin ETFs.
That said, just like any Bitcoin investment, Fidelity’s Bitcoin ETF comes with considerable volatility risk and might not be the best fit for more conservative investors. It’s essential to do your homework and assess your risk tolerance before diving in.