Introduction to FBTC
The Fidelity Wise Origin Bitcoin Fund (FBTC) provides investors with streamlined exposure to bitcoin without the complexities of direct ownership. Designed for high-risk-tolerant clients, FBTC integrates digital assets into traditional portfolios while addressing volatility and liquidity risks.
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Key Features of FBTC
- Indirect Bitcoin Exposure: Avoids the technical hurdles of direct cryptocurrency purchases.
- Institutional-Grade Custody: Held by Fidelity Digital Assets® with robust operational and cybersecurity controls.
- Seamless Integration: Ideal for financial advisors expanding into digital assets.
Investment Risks:
- Bitcoin's high volatility may lead to significant losses.
- No protections under the 1940 Act or CEA.
Fidelity’s Digital Asset Ecosystem
Timeline of Milestones:
| Year | Achievement |
|------|------------|
| 2014 | Began blockchain research |
| 2015 | Accepted bitcoin donations via Fidelity Charitable® |
| 2018 | First institutional bitcoin custody |
| 2023 | Launched Fidelity Crypto® for Wealth Managers |
| 2024 | Introduced FBTC |
👉 Explore Fidelity’s blockchain solutions
FAQs About FBTC
1. Is FBTC suitable for conservative investors?
No. FBTC is designed for high-risk-tolerant investors due to bitcoin’s volatility.
2. How does FBTC custody work?
Assets are held by Fidelity Digital Asset Services, LLC, with multi-layered security protocols.
3. Can FBTC be redeemed for bitcoin?
No. Investors receive cash, not bitcoin, upon redemption.
4. What are the tax implications?
FBTC is taxed as a traditional ETF; consult a tax advisor for specifics.
Risks and Disclosures
- Market Volatility: Bitcoin prices can swing dramatically.
- Custody Risks: Insolvency of custodians could result in asset loss.
- Regulatory Uncertainty: Evolving laws may impact fund performance.
Prospectus Requirement:
Always review the FBTC prospectus before investing.
Why Choose FBTC?
- 70+ Years of Market Expertise: Backed by Fidelity’s legacy.
- Innovation-Driven: Combines traditional finance with blockchain technology.
Final Note:
FBTC offers a bridge to crypto for traditional investors but demands careful risk assessment.
© 2024 FMR LLC. All rights reserved.
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