Fidelity Wise Origin Bitcoin Fund — Cyborg Score 7/10
Strong
Exchange-Traded Funds (ETFs)
Strategic Profile
With competitive pricing, intraday liquidity, and no lockups, FBTC can offer attractive value to financial advisors and institutional investors. Fidelity Digital Assets provides custody of the bitcoin in the Fidelity Wise Origin Bitcoin Fund with extensive operational, cyber, and physical controls to secure the assets, leveraging Fidelity's long-term commitment to digital asset infrastructure.
Cyborg Score Rationale
FBTC benefits from Fidelity's institutional credibility, strong brand presence, and deep digital asset expertise since 2014. As a passively managed bitcoin tracker with $10.6B in assets under management (as of June 29, 2026), it captures significant market demand for regulated bitcoin exposure. However, as an exchange-traded product (not a registered investment company), it lacks certain investor protections, and faces direct competition from established bitcoin ETF alternatives.
Top Insights
Spot bitcoin ETF launched January 2024 in competitive wave; achieved $1.1B in net inflows by fifth trading day, positioning as one of the two leading offerings alongside BlackRock's IBIT
Market capitalization of $10.62B as of June 29, 2026, with 52-week trading range between $50.48 and $110.25, reflecting significant volatility tied to bitcoin price movement
Offers intraday liquidity and competitive fee structure through traditional brokerage accounts, including tax-advantaged retirement accounts (IRAs), expanding accessibility beyond crypto-native platforms
Built on Fidelity's 70+ year securities market heritage and institutional custody infrastructure (Fidelity Digital Assets), reducing counterparty risk vs. alternative crypto fund structures
Named Competitors
iShares Bitcoin Trust — Leading spot bitcoin ETF with fastest adoption at launch
WisdomTree Bitcoin Fund — Alternative spot bitcoin ETF
Grayscale Bitcoin Mini Trust — Bitcoin investment vehicle with legacy market presence
Recent Developments
(January 2024) Launched alongside competitive wave of spot bitcoin ETFs; rapidly accumulated $1.1B in net inflows
(June 2026) Trading at $10.62B market capitalization with strong institutional adoption among advisors and retail investors
Open the full interactive Fidelity Wise Origin Bitcoin Fund report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.