/ Conviction Index / Fidelity Wise Origin Bitcoin Trust (FBTC)

Fidelity Wise Origin Bitcoin Trust (FBTC)

BTC ETF · FBTC (Cboe) · Launched Jan 2024
A-

Excellent (A-) — Conviction Grade

FBTC is Fidelity's spot Bitcoin ETF. Strong Fidelity issuer credibility. Material AUM growth post-launch. Mid-tier vs IBIT on AUM but strong Fidelity-customer distribution.

89
Composite / 100
/ Subscore Breakdown · 5 Dimensions

Where this grade comes from.

Protocol Security
A
Governance Decentralization
C
Liquidity
A-
Adoption & Utility
A-
Regulatory Posture
A
/ Public-Record Events

Key events & disclosures.

  • Launch Jan 2024
  • Fidelity issuer
  • Strong Fidelity-customer distribution
  • 0.25% expense ratio

/ Best for

Fidelity-customer institutional Bitcoin exposure; allocation diversification within ETF wrapper category.

/ Watch out for

Smaller AUM than IBIT means smaller liquidity for large institutional orders.