Key stats
About Fidelity Physical Bitcoin ETP
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Inception date
Feb 10, 2022
Structure
Special Purpose Vehicle
Replication method
Physical
ISIN
XS2434891219
The fund provides an easier way to invest in Bitcoin as compared to direct investing via cryptocurrency exchanges, digital wallets, and keys. The fund holds Bitcoin or derivatives to obtain exposure. Shares of the ETF can be bought and sold in a brokerage account through the use of the issuers own institutional-grade custodial services. The ease in access does not diminish the risk. Cryptocurrencies, such as Bitcoin, have historically demonstrated high volatility. Investors should have the capacity to lose some or all of their investments in these shares.
Related funds
Classification
Symbol
Geography
Global
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FBTC expense ratio is 0.75%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FBTC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, FBTC doesn't pay dividends to its holders.
FBTC shares are issued by FMR LLC
FBTC follows the Fidelity Bitcoin Index - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 10, 2022.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.