FBTCFIDELITY WISE ORIGIN BITCOIN FUND
FIDELITY WISE ORIGIN BITCOIN FUND
$62.49+4.85% today
5110952-WK
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN
The desk’s read
Flows are quiet — the past month netted out near zero, while the price has returned -20.1% so far this year.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$7.8Bassets under management
—expense ratio
—net flow, trailing month
3.3Mavg daily volume, 30 days
0holdings · US-domiciled
2024listed March 19, 2024 · beta 1.71
HoldingsDownload CSV
| # | Holding | Weight | Price | Day | 52-wk | |
|---|---|---|---|---|---|---|
| 1 | BTCBTC | 100.00% | $69300.00 | +7.1% | — |
Performance
| 1 week | +13.4% |
| 1 month | +10.2% |
| 3 months | -6.5% |
| 6 months | +4.3% |
| YTD | -20.1% |
| 1 year | -36.6% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The risk read
32%realized volatility, 30 days (annualized)
45%realized volatility, 1 year
-53.4%deepest fall from a peak, 1 year
-42.9%where it sits vs. that peak today
The top holding is 100.0% of the book; the top ten carry 100%. Spread across 1+ names, it behaves like roughly 1 equally-weighted positions.
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Options tape
4Kcalls today
904puts today
0.25put/call ratio
10.3Mshares traded
The case against FBTC
Due diligence cuts both ways. These funds sit on the same shelf and beat FBTC on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| EWN iShares MSCI Netherlands ETF | 0.50% | $745M | +$142M | +$142M in over the month | Head-to-head |
| IBIT iShares Bitcoin Trust | 0.12% | $64.8B | — | 8× the assets | Head-to-head |