Fidelity Launches Wise Origin Bitcoin Fund (FBTC)

Easy Bitcoin Exposure without Direct Purchase

Fidelity Investments has introduced the Fidelity Wise Origin Bitcoin Fund (FBTC), providing investors with a convenient way to gain exposure to the price of bitcoin without having to buy the cryptocurrency directly. This fund operates as a brokerage trust, offering diversification and the ability to trade within a traditional brokerage account.

Key Features of FBTC

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Tracks the performance of bitcoin, providing investors with potential gains without the need for a crypto wallet or exchange.

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Held in a brokerage trust, offering the safety and security of traditional financial institutions.

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Traded like a stock, allowing investors to buy and sell shares through their brokerage account.

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No direct ownership or custody of bitcoin, eliminating concerns about storage and security.