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Introducing the Fidelity® Wise Origin® Bitcoin Fund (FBTC)
Give your clients' portfolios easier exposure to bitcoin—without buying bitcoin directly.
This product is for investors with a high risk tolerance. It invests in a single asset, bitcoin, which is highly volatile and can become illiquid at any time. Please see the additional digital assets disclosure below.
An easier path to crypto
The Fidelity® Wise Origin® Bitcoin Fund (FBTC) can be a game changer for advisors, offering seamless integration of digital assets into your practice.
Simplicity
FBTC offers a familiar investment structure, standard reporting, and transparent pricing for easy incorporation into client portfolios.
Experience
Fidelity has been researching bitcoin and developing blockchain solutions since 2014.
Value
With competitive pricing, intraday liquidity, and no lockups, FBTC can offer attractive value.
A vision for digital assets. The experience to make it happen.
At our core, Fidelity is committed to innovation, which has helped drive growth during shifting market conditions and consumer preferences. With a firm-wide focus on digital assets, Fidelity is developing a blockchain ecosystem with the goal of becoming a holistic solutions provider.
2014
Fidelity began researching digital assets and blockchain technology.
2015
Fidelity Charitable® began accepting bitcoin contributions from donors.
2018
Fidelity became the first traditional firm to onboard and custody an institutional manager’s bitcoin—through Fidelity Digital Assets℠.
2020
Fidelity Digital Assets℠ added an asset management arm and collateral agent capabilities.
2023
Launched Fidelity Crypto® for Wealth Managers for advisors in Wealthscape℠.*
2024
Launched Fidelity® Wise Origin® Bitcoin Fund (FBTC).**
*Fidelity Crypto® for Wealth Managers is a service of Fidelity Digital Assets℠. Accounts for custody and trading of digital assets are provided by Fidelity Digital Asset Services, LLC, a limited liability trust company chartered by the New York Department of Financial Services (NMLS ID 1773897).
**FBTC is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and is not subject to regulation under the Commodity Exchange Act of 1936 (the “CEA”). As a result, shareholders of FBTC do not have the protections associated with ownership of shares in an investment company registered under the 1940 Act or the protections afforded by the CEA.
A Solid Foundation
With over 70 years of securities market experience, we're building on a growing market presence in digital assets. Fidelity Digital AssetsSM provides custody of the bitcoin in the Fidelity Wise Origin Bitcoin Fund with extensive operational, cyber, and physical controls to secure the assets.
Fidelity® Wise Origin® Bitcoin Fund
Learn more about FBTC and how you can give clients easier exposure to the digital assets market.
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PRODUCTS & SOLUTIONS
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The Fund's assets will be held in one or more accounts maintained for the Fund by Fidelity Digital Asset Services, LLC (as Custodian) or at local custodian banks which may be located in other jurisdictions. The insolvency of the Custodian or of any local broker, custodian bank, or clearing corporation may result in the loss of all or a substantial portion of the Fund's assets. Additionally, custody of digital assets presents inherent and unique risks relating to access loss, theft, and means of recourse in such scenarios. Recourse of the Fund and the investors to the Custodian is limited.
Digital assets are highly volatile, and their market movements are very difficult to predict. Various market forces may impact their value including, but not limited to, supply and demand, investors’ faith and their willingness to purchase it using traditional currencies, investors’ expectations with respect to the rate of inflation, interest rates, currency exchange rates, an evolving legislative and regulatory environment in the U.S. and abroad, and other economic trends. Investors also face other risks, including significant and negative price swings, flash crashes, and fraud and cybersecurity risks. Digital assets may also be more susceptible to market manipulation than securities.
The performance of the Fund will not reflect the specific return an investor would realize if the investor actually purchased bitcoin. Investors in the Fund will not have any rights that bitcoin holders have and will not have the right to receive any redemption proceeds in bitcoin.
The Fidelity Wise Origin Bitcoin Fund material must be preceded or accompanied by a prospectus. Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses.
Third party trademarks and service marks appearing herein are property of their respective owners.
“Fidelity Investments” and/or “Fidelity” refers collectively to FMR LLC, a U.S. company, and its subsidiaries, including but not limited to Fidelity Management & Research Company LLC (FMR).
© 2024 FMR LLC. All rights reserved
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