Tearsheet

Fidelity Wise Origin Bitcoin Fund (FBTC)

Market Price (7/11/2026): $55.75

Fidelity Wise Origin Bitcoin Fund (FBTC)

Market Price (7/11/2026): $55.75

Key Takeaways

FBTC has returned -27.0% YTD vs +11.0% for SPY; -43.8% over the past 12 months (SPY +21.7%). details →
Over the past month, FBTC has seen net outflows of −$291M (−2.6% of assets). details →
FBTC trades 49% below its 52-week high. details →
Risk-adjusted returns trail SPY: 3-year Sharpe ratio of 0.4 vs 1.0. details →

Last updated: 7/10/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with FBTC

Risk Tolerance:

ConservativeModerateAggressive

Moderate — 55% equity / 25% bonds / 20% alternatives

10Y Return (ann.)

+11.9%

Volatility

10.8%

Sharpe

0.84

YTD

+6.7%

Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

	ETF	%	1D	1W	1M	YTD
Equity	SPY	25.0%	0.4%	1.4%	2.4%	11.0%
Bond	BND	50.0%	-0.1%	-0.5%	0.1%	0.2%
Gold	GLD	10.0%	-0.3%	-0.3%	-3.5%	-4.9%
Commodity	DBC	2.5%	-0.2%	3.6%	-5.3%	23.1%
Real Estate	VNQ	5.0%	0.2%	-0.7%	0.5%	12.1%
Bitcoin	BTCUSD	0.0%	-0.1%	2.6%	2.4%	-27.9%
Cash	GOVT	7.5%	-0.1%	-0.5%	-0.2%	-0.4%
Conservative Portfolio		100.0%	0.0%	0.1%	0.2%	3.5%

	ETF	%	1D	1W	1M	YTD
Equity	SPY	55.0%	0.4%	1.4%	2.4%	11.0%
Bond	BND	25.0%	-0.1%	-0.5%	0.1%	0.2%
Gold	GLD	7.0%	-0.3%	-0.3%	-3.5%	-4.9%
Commodity	DBC	4.0%	-0.2%	3.6%	-5.3%	23.1%
Real Estate	VNQ	5.0%	0.2%	-0.7%	0.5%	12.1%
Bitcoin	BTCUSD	2.0%	-0.1%	2.6%	2.4%	-27.9%
Cash	GOVT	2.0%	-0.1%	-0.5%	-0.2%	-0.4%
Moderate Portfolio		100.0%	0.2%	0.8%	1.0%	6.7%

	ETF	%	1D	1W	1M	YTD
Equity	SPY	80.0%	0.4%	1.4%	2.4%	11.0%
Bond	BND	5.0%	-0.1%	-0.5%	0.1%	0.2%
Gold	GLD	3.0%	-0.3%	-0.3%	-3.5%	-4.9%
Commodity	DBC	2.2%	-0.2%	3.6%	-5.3%	23.1%
Real Estate	VNQ	4.5%	0.2%	-0.7%	0.5%	12.1%
Bitcoin	BTCUSD	5.2%	-0.1%	2.6%	2.4%	-27.9%
Cash	GOVT	0.0%	-0.1%	-0.5%	-0.2%	-0.4%
Aggressive Portfolio		100.0%	0.3%	1.2%	1.9%	8.3%

	ETF	%	Return	Volatility	Sharpe
Equity	SPY	25.0%	15.6%	15.2%	0.85
Bond	BND	50.0%	1.5%	5.1%	-0.23
Gold	GLD	10.0%	11.6%	15.0%	0.62
Commodity	DBC	2.5%	5.9%	17.0%	0.25
Real Estate	VNQ	5.0%	5.1%	17.5%	0.22
Bitcoin	BTCUSD	0.0%	58.3%	76.0%	0.92
Cash	GOVT	7.5%	0.4%	4.9%	-0.45
Conservative Portfolio		100.0%	6.4%	7.1%	0.52

	ETF	%	Return	Volatility	Sharpe
Equity	SPY	55.0%	15.6%	15.2%	0.85
Bond	BND	25.0%	1.5%	5.1%	-0.23
Gold	GLD	7.0%	11.6%	15.0%	0.62
Commodity	DBC	4.0%	5.9%	17.0%	0.25
Real Estate	VNQ	5.0%	5.1%	17.5%	0.22
Bitcoin	BTCUSD	2.0%	58.3%	76.0%	0.92
Cash	GOVT	2.0%	0.4%	4.9%	-0.45
Moderate Portfolio		100.0%	11.9%	10.8%	0.84

	ETF	%	Return	Volatility	Sharpe
Equity	SPY	80.0%	15.6%	15.2%	0.85
Bond	BND	5.0%	1.5%	5.1%	-0.23
Gold	GLD	3.0%	11.6%	15.0%	0.62
Commodity	DBC	2.2%	5.9%	17.0%	0.25
Real Estate	VNQ	4.5%	5.1%	17.5%	0.22
Bitcoin	BTCUSD	5.2%	58.3%	76.0%	0.92
Cash	GOVT	0.0%	0.4%	4.9%	-0.45
Aggressive Portfolio		100.0%	17.4%	14.9%	0.97

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	SPY	25.0%	-23.0%	-30.4%	-19.3%
Bond	BND	50.0%	-14.2%	-2.2%	1.3%
Gold	GLD	10.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.5%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	0.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	7.5%	-12.4%	4.4%	1.6%
Conservative Portfolio		100.0%	-15.5%	-11.7%	-4.5%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	SPY	55.0%	-23.0%	-30.4%	-19.3%
Bond	BND	25.0%	-14.2%	-2.2%	1.3%
Gold	GLD	7.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	4.0%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	2.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	2.0%	-12.4%	4.4%	1.6%
Moderate Portfolio		100.0%	-18.8%	-21.3%	-11.9%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	SPY	80.0%	-23.0%	-30.4%	-19.3%
Bond	BND	5.0%	-14.2%	-2.2%	1.3%
Gold	GLD	3.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.2%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	4.5%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	5.2%	-56.0%	-33.5%	-37.4%
Cash	GOVT	0.0%	-12.4%	4.4%	1.6%
Aggressive Portfolio		100.0%	-23.2%	-28.8%	-18.1%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

Learn More →

Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance

Learn More →

Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Performance for FBTC Top Holdings

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Guidance Updates for FBTC Top Holdings

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Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
FBTC Return	-	-	-	100%	-7%	-28%	34%
Peers Return				67%	-8%	-26%	13%
S&P 500 Return	27%	-19%	24%	23%	16%	10%	101%
Monthly Win Rates [3]
FBTC Win Rate	-	-	-	58%	50%	43%
Peers Win Rate				50%	42%	49%
S&P 500 Win Rate	75%	42%	67%	75%	67%	57%
Max Drawdowns [4]
FBTC Max Drawdown	-	-	-	-	-33%	-40%
Peers Max Drawdown					-42%	-43%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: IBIT, GBTC, ETHA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/10/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
FBTC	-1.23	0.35	0.35
Cryptocurrency Top Results (3Y)
GBTC	-0.63	0.60	0.60
IBIT	-1.22	0.35	0.35
FBTC	-1.23	0.35	0.35
ETHA	-0.34	-0.26	-0.26

Results as of 6302026.

Event	FBTC	S&P 500
2025 US Tariff Shock
% Loss	-20.2%	-18.8%
% Gain to Breakeven	25.3%	23.1%
Time to Breakeven	23 days	79 days

Compare to IBIT, GBTC, ETHA

In The Past

Fidelity Wise Origin Bitcoin Fund's stock fell -20.2% during the 2025 US Tariff Shock. Such a loss loss requires a 25.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	FBTC	S&P 500
2025 US Tariff Shock
% Loss	-20.2%	-18.8%
% Gain to Breakeven	25.3%	23.1%
Time to Breakeven	23 days	79 days

Compare to IBIT, GBTC, ETHA

In The Past

Fidelity Wise Origin Bitcoin Fund's stock fell -20.2% during the 2025 US Tariff Shock. Such a loss loss requires a 25.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

FBTC Dip Buy History

FBTC had 4 events since 1/11/2024 where the dip threshold of -5.0% within 60 days was triggered

18% median peak return within 1 year of dip event
118 days is the median time to peak return after a dip event
-28% median max drawdown within 1 year of dip event

60 Day Dip			FBTC Subsequent Performance
Date	FBTC	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			-14%	18%	-28%	118
6032026	-5%	12%	-2%	2%	-10%	12
10152025	-7%	6%	-43%	3%	-47%	12
2242025	-5%	1%	-27%	33%	-32%	224
6072024	-6%	4%	57%	60%	-23%	349

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 7/10/2026

FBTC had 3 events since 1/11/2024 where the dip threshold of -10% within 90 days was triggered

52% median peak return within 1 year of dip event
189 days is the median time to peak return after a dip event
-23% median max drawdown within 1 year of dip event

90 Day Dip			FBTC Subsequent Performance
Date	FBTC	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			-16%	52%	-23%	189
11132025	-13%	8%	-35%	0%	-40%	0
3312025	-10%	-4%	-16%	52%	-23%	189
7122024	-15%	10%	106%	105%	-7%	364

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 7/10/2026

FBTC had 1 events since 1/11/2024 where the dip threshold of -20% within 180 days was triggered

0% median peak return within 1 year of dip event
0 days is the median time to peak return after a dip event
-30% median max drawdown within 1 year of dip event

180 Day Dip			FBTC Subsequent Performance
Date	FBTC	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			-24%	0%	-30%	0
1302026	-20%	19%	-24%	0%	-30%	0

[1] Dip event defined as first instance dip threshold is triggered within a 180-day time period.
[2] Analysis for period from 1/1/2005 to 7/10/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
AKRE	Akre Focus ETF	-16.4%	55.14	7102026	65.92	1112026	180
SCHC	Schwab International Small-Cap Equity ETF	-6.3%	48.30	7102026	51.54	3012026	131
IEMG	iShares Core MSCI Emerging Markets ETF	-5.4%	81.32	7102026	86.00	6222026	18
EEM	iShares MSCI Emerging Markets ETF	-6.1%	66.90	7102026	71.21	6222026	18
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-5.1%	35.38	7102026	37.30	6222026	18
EWY	iShares MSCI South Korea ETF	-16.3%	183.52	7102026	219.20	6212026	19
EWZ	iShares MSCI Brazil ETF	-13.9%	35.93	7102026	41.73	4142026	87
FXI	iShares China Large-Cap ETF	-17.9%	33.48	7102026	40.78	1292026	162
ILF	iShares Latin America 40 ETF	-9.4%	34.51	7102026	38.10	4142026	87
KWEB	KraneShares CSI China Internet ETF	-30.0%	26.38	7102026	37.66	1122026	179
MTUM	iShares MSCI USA Momentum Factor ETF	-6.8%	321.77	7102026	345.22	6222026	18
URA	Global X Uranium ETF	-30.5%	42.97	7102026	61.81	1282026	163
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-11.3%	36.91	7102026	41.63	5132026	58
ROBO	ROBO Global Robotics & Automation Index ETF	-8.2%	82.96	7102026	90.34	6022026	38
LIT	Global X Lithium & Battery Tech ETF	-21.1%	72.32	7102026	91.62	5112026	60
ICLN	iShares Global Clean Energy ETF	-18.9%	19.25	7102026	23.75	6022026	38
ARKQ	ARK Autonomous Technology & Robotics ETF	-13.8%	123.99	7102026	143.82	5282026	43
ARKX	ARK Space & Defense Innovation ETF	-15.1%	32.05	7102026	37.74	5282026	43
NASA	Tema Space Innovators ETF	-37.5%	26.18	7102026	41.89	5272026	44
AGIX	KraneShares Artificial Intelligence ETF	-8.0%	45.44	7102026	49.40	6012026	39
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-10.6%	62.91	7102026	70.39	5112026	60
RAAX	VanEck Real Assets ETF	-7.6%	39.47	7102026	42.70	5112026	60
VGT	Vanguard Information Technology ETF	-6.0%	118.08	7102026	125.62	6022026	38
XLK	State Street Technology Select Sector SPDR ETF	-6.3%	185.78	7102026	198.21	6022026	38
XLE	State Street Energy Select Sector SPDR ETF	-12.0%	55.08	7102026	62.56	3292026	103
XLC	State Street Communication Services Select Sector SPDR ETF	-6.7%	111.64	7102026	119.70	2012026	159
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-5.7%	117.24	7102026	124.27	1122026	179
XLP	State Street Consumer Staples Select Sector SPDR ETF	-6.0%	84.12	7102026	89.51	3012026	131
IYM	iShares U.S. Basic Materials ETF	-5.7%	178.24	7102026	189.08	3022026	130
FXN	First Trust Energy AlphaDEX Fund	-11.0%	20.62	7102026	23.18	3292026	103
SMH	VanEck Semiconductor ETF	-8.7%	611.03	7102026	668.91	6222026	18
SOXX	iShares Semiconductor ETF	-11.2%	581.34	7102026	655.01	6222026	18
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-15.7%	158.57	7102026	188.18	3292026	103
IGV	iShares Expanded Tech-Software Sector ETF	-14.2%	92.41	7102026	107.70	6012026	39
MISL	First Trust Indxx Aerospace & Defense ETF	-12.6%	44.53	7102026	50.98	1192026	172
RING	iShares MSCI Global Gold Miners ETF	-34.7%	64.89	7102026	99.42	3012026	131
SOXQ	Invesco PHLX Semiconductor ETF	-11.3%	102.06	7102026	115.11	6222026	18
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	-5.7%	21.59	7102026	22.90	2162026	144
IGOV	iShares International Treasury Bond ETF	-5.0%	40.84	7102026	42.99	3012026	131
TLT	iShares 20+ Year Treasury Bond ETF	-5.6%	84.47	7102026	89.48	3012026	131
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-5.2%	25.69	7102026	27.09	3012026	131
EDV	Vanguard World Funds Extended Duration ETF	-7.7%	62.25	7102026	67.42	3012026	131
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-13.1%	16.44	7102026	18.91	5122026	59
DBC	Invesco DB Commodity Index Tracking Fund	-13.2%	27.52	7102026	31.69	5122026	59
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-14.1%	31.37	7102026	36.53	5192026	52
GSG	iShares GSCI Commodity	-5.8%	30.01	7102026	31.85	3182026	114
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	-11.3%	22.99	7102026	25.91	5122026	59
FTGC	First Trust Global Tactical Commodity Strategy Fund	-8.2%	28.02	7102026	30.53	5122026	59
HGER	Harbor Commodity All-Weather Strategy ETF	-8.7%	30.57	7102026	33.47	5122026	59
GLD	SPDR Gold Trust	-24.0%	377.01	7102026	495.90	1292026	162
IAU	iShares Gold Trust	-23.9%	77.26	7102026	101.57	1292026	162
GLDM	SPDR Gold MiniShares Trust	-23.9%	81.29	7102026	106.77	1292026	162
SGOL	ETFS Physical Swiss Gold Shares	-13.1%	44.66	7102026	51.41	1292026	162
BAR	Direxion Daily Gold Bull 3X Shares	-16.6%	44.34	7102026	53.16	1292026	162
SLV	iShares Silver Trust	-48.9%	53.95	7102026	105.60	1282026	163
SIVR	ETFS Physical Silver Shares Trust ETF	-24.8%	83.39	7102026	110.87	1282026	163
PPLT	ETFS Physical Platinum Shares	-41.4%	14.77	7102026	25.23	1252026	166
CPER	United States Copper Index Fund ETV	-13.9%	33.33	7102026	38.71	1292026	162
PALL	ETFS Physical Palladium Shares	-38.0%	23.07	7102026	37.18	1282026	163
USO	United States Oil Fund LP	-28.9%	108.70	7102026	152.96	5192026	52
UNG	United States Natural Gas Fund LP	-37.3%	10.60	7102026	16.90	2012026	159
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	7102026	60.13	5042026	67
IBIT	iShares Bitcoin Trust ETF	-34.7%	36.23	7102026	55.44	1142026	177
FBTC	Fidelity Wise Origin Bitcoin Fund	-34.7%	55.62	7102026	85.12	1142026	177
GBTC	Grayscale Bitcoin Trust ETF	-19.0%	61.84	7102026	76.31	1142026	177
ETHA	iShares Ethereum Trust ETF	-47.1%	13.53	7102026	25.59	1142026	177

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-07-09

Asset allocation rotation · Past week

Equity ETFs drew the largest net inflows (+$8.2B), followed by Bond (+$6.2B), with every major asset class in net inflows.
Within the mix, money rotated into Industry Subsector (+$5.6B) and out of US Nasdaq Growth (−$8.3B).
Relative to fund size, PSC drew the largest inflow (+15.8% of AUM) and ASHR the largest outflow (−16.6%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$4.44B	+9.5%
2	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$3.7B	+0.4%
3	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	+$2.12B	+2.6%
4	DRAM	Roundhill Memory ETF	Other	+$1.66B	+7.0%
5	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$1.23B	+0.8%
6	EFV	iShares MSCI EAFE Value ETF	Equity International Developed Broad	+$1.22B	+4.7%
7	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$1.15B	+1.2%
8	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	+$1.08B	+3.1%
9	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$856M	+2.0%
10	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	+$739M	+1.0%

#	Ticker	Name	Type	Net flow	% of AUM
1	PSC	Principal U.S. Small-Cap Multi-Factor ETF	Other	+$427M	+15.8%
2	IXC	iShares Global Energy ETF	Other	+$231M	+11.0%
3	DFGP	Dimensional - Global Core Plus Fixed Income ETF	Other	+$305M	+10.4%
4	USCL	iShares Climate Conscious & Transition MSCI USA ETF	Other	+$264M	+9.9%
5	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$127M	+9.8%
6	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$4.44B	+9.5%
7	USCA	Xtrackers MSCI USA Climate Action Equity ETF	Other	+$265M	+8.3%
8	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$82M	+7.9%
9	DRAM	Roundhill Memory ETF	Other	+$1.66B	+7.0%
10	EWL	iShares MSCI Switzerland ETF	Other	+$141M	+7.0%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$8.76B	-1.8%
2	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$2.55B	-0.3%
3	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$781M	-4.6%
4	DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	Equity US Large Concentrated	-$455M	-1.0%
5	XLC	State Street Communication Services Select Sector SPDR ETF	Equity Broad Sector	-$433M	-1.9%
6	SCZ	iShares MSCI EAFE Small-Cap ETF	Equity International Small Cap	-$433M	-3.1%
7	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$372M	-8.3%
8	EFA	iShares MSCI EAFE ETF	Equity International Developed Broad	-$312M	-0.4%
9	AVDV	Avantis International Small Cap Value ETF	Other	-$270M	-1.4%
10	AIA	iShares Asia 50 ETF	Other	-$252M	-5.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	Equity Emerging Markets	-$232M	-16.6%
2	JSMD	Janus Henderson Small/Mid Cap Growth Alpha ETF	Other	-$135M	-12.3%
3	DTCR	Global X - Data Center & Digital Infrastructure ETF	Other	-$225M	-10.1%
4	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$372M	-8.3%
5	KBE	State Street SPDR S&P Bank ETF	Other	-$120M	-7.7%
6	QLTA	iShares Aaa - A Rated Corporate Bond ETF	Other	-$104M	-7.6%
7	ITB	iShares U.S. Home Construction ETF	Other	-$187M	-7.2%
8	EWA	iShares MSCI Australia ETF	Other	-$96M	-6.8%
9	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$73M	-6.0%
10	SPGM	State Street SPDR Portfolio MSCI Global Stock Market ETF	Other	-$98M	-5.4%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$66.4B), followed by Bond (+$29.3B), while Commodity (−$3.5B) and Crypto (−$3.0B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$12.6B) and out of Gold (−$3.7B).
Relative to fund size, ARKQ drew the largest inflow (+57.3% of AUM) and FXN the largest outflow (−68.9%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$56.47B	+6.5%
2	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$15.25B	+10.1%
3	DRAM	Roundhill Memory ETF	Other	+$8.81B	+38.2%
4	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	+$6.73B	+20.8%
5	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$6.26B	+14.3%
6	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$3.75B	+22.7%
7	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$3.63B	+0.5%
8	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$3.61B	+3.7%
9	VXUS	Vanguard Total International Stock ETF	Equity International Broad	+$3.56B	+2.3%
10	RSP	Invesco S&P 500 Equal Weight ETF	Equity Factor Smart Beta	+$3.25B	+3.5%

#	Ticker	Name	Type	Net flow	% of AUM
1	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$1.23B	+57.3% ⚠
2	FXL	First Trust Technology AlphaDEX Fund	Other	+$929M	+53.1%
3	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$2.09B	+52.2%
4	USO	United States Oil Fund LP	Commodity Energy	+$1.0B	+51.2%
5	DRAM	Roundhill Memory ETF	Other	+$8.81B	+38.2%
6	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$329M	+31.1%
7	QTEC	First Trust NASDAQ-100-Technology Sector Index Fund	Other	+$1.09B	+27.5%
8	FLKR	Franklin FTSE South Korea ETF	Other	+$333M	+27.0%
9	IYZ	iShares U.S. Telecommunications ETF	Other	+$292M	+24.7%
10	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$3.75B	+22.7%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$53.22B	-5.4%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$6.26B	-0.8%
3	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.5B	-40.9%
4	IAU	iShares Gold Trust	Commodity Gold	-$2.03B	-3.3%
5	IBIT	iShares Bitcoin Trust ETF	Crypto	-$2.0B	-4.3%
6	GLD	SPDR Gold Shares	Commodity Gold	-$1.38B	-1.0%
7	VO	Vanguard Mid-Cap ETF	Equity US Mid Cap Core	-$1.06B	-1.0%
8	NASA	Tema Space Innovators ETF	Equity Thematic	-$872M	-53.8%
9	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$846M	-18.2%
10	BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	Cash	-$842M	-1.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	FXN	First Trust Energy AlphaDEX Fund	Equity Broad Sector	-$787M	-68.9%
2	NASA	Tema Space Innovators ETF	Equity Thematic	-$872M	-53.8%
3	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.5B	-40.9%
4	EEMA	iShares MSCI Emerging Markets Asia ETF	Other	-$407M	-33.8%
5	ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	Equity Emerging Markets	-$470M	-27.9%
6	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$846M	-18.2%
7	RPV	Invesco S&P 500 Pure Value ETF	Other	-$289M	-17.3%
8	QLTA	iShares Aaa - A Rated Corporate Bond ETF	Other	-$242M	-15.5%
9	CHAT	Roundhill Generative AI & Technology ETF	Other	-$318M	-15.4%
10	KWEB	KraneShares CSI China Internet ETF	Equity Emerging Markets	-$637M	-12.3%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$209.9B), followed by Bond (+$73.3B), while Commodity (−$9.0B) and Crypto (−$5.8B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$91.6B) and out of Gold (−$8.0B).
Relative to fund size, DRAM drew the largest inflow (+211.0% of AUM) and FXN the largest outflow (−59.5%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$62.6B	+7.6%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$22.71B	+3.0%
3	DRAM	Roundhill Memory ETF	Other	+$21.9B	+211.0%
4	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$16.29B	+11.4%
5	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$13.22B	+2.1%
6	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$12.72B	+13.7%
7	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$11.86B	+13.0%
8	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$11.28B	+2.4%
9	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$10.64B	+29.6%
10	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$9.47B	+6.1%

#	Ticker	Name	Type	Net flow	% of AUM
1	DRAM	Roundhill Memory ETF	Other	+$21.9B	+211.0%
2	NASA	Tema Space Innovators ETF	Equity Thematic	+$1.98B	+149.1%
3	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	+$1.34B	+104.5%
4	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$1.3B	+59.7% ⚠
5	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$1.45B	+59.6% ⚠
6	FXL	First Trust Technology AlphaDEX Fund	Other	+$920M	+58.1%
7	USO	United States Oil Fund LP	Commodity Energy	+$926M	+48.6%
8	TSPA	T. Rowe Price U.S. Equity Research ETF	Other	+$1.52B	+47.6%
9	KLMN		Other	+$917M	+41.0%
10	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$4.98B	+39.4%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$11.28B	-1.2%
2	QUAL	iShares MSCI USA Quality Factor ETF	Equity Factor Smart Beta	-$6.6B	-13.6%
3	GLD	SPDR Gold Shares	Commodity Gold	-$6.54B	-4.4%
4	BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	Cash	-$4.33B	-9.3%
5	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.23B	-33.7%
6	EFV	iShares MSCI EAFE Value ETF	Equity International Developed Broad	-$4.14B	-14.0%
7	IBIT	iShares Bitcoin Trust ETF	Crypto	-$3.27B	-5.6%
8	DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	Equity US Large Concentrated	-$2.52B	-5.7%
9	IAGG	iShares Core International Aggregate Bond ETF	Bond International	-$2.4B	-18.4%
10	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.3B	-29.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	FXN	First Trust Energy AlphaDEX Fund	Equity Broad Sector	-$701M	-59.5%
2	SH	ProShares - Short S&P500	Other	-$446M	-42.9%
3	EEMA	iShares MSCI Emerging Markets Asia ETF	Other	-$486M	-37.5%
4	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.23B	-33.7%
5	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.3B	-29.3%
6	AKRE	Akre Focus ETF	Equity US Large Growth	-$1.44B	-23.9%
7	QLTA	iShares Aaa - A Rated Corporate Bond ETF	Other	-$328M	-21.8%
8	IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	Equity Industry Subsector	-$302M	-21.2%
9	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$1.18B	-20.7%
10	IDU	iShares U.S. Utilities ETF	Other	-$271M	-19.0%

Largest ETF fund flows across ~2562 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About FBTC

Holdings Count: 0
Expense Ratio: 0.25%
Inception Date: 2024-01-10

Fidelity Wise Origin Bitcoin Fund
The index is constructed using bitcoin price feeds from eligible bitcoin spot markets and a volume-weighted median price (“VWMP”) methodology, calculated every 15 seconds based on VWMP spot market data over rolling sixty-minute increments. In seeking to achieve its investment objective, the trust will hold bitcoin and will value its shares daily as of 4:00 p.m. EST using the same methodology used to calculate the index. All of the trust’s bitcoin will be held by the custodian.
Asset Class: Equity | ETF Website

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
RXT	Rackspace Technology	1.3	22.2%	450.0%
EQPT	EquipmentShare.com	3.9	16.6%	-42.7%
TRAX	First Tracks Biotherapeutics	1.3	11.9%	94.8%
XFOR	X4 Pharmaceuticals	0.6	11.4%	10.3%
METCB	Ramaco Resources	0.5	10.8%	-26.8%
WDFC	WD-40	3.6	10.6%	35.9%
CCC	CCC Intelligent Solutions	3.5	10.0%	-25.5%
REZI	Resideo Technologies	5.1	9.3%	-3.4%
FMCC	Federal Home Loan Mortgage	19.1	7.6%	-41.6%
WHR	Whirlpool	2.4	7.6%	-42.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
KYTX	Kyverna Therapeutics	0.5	-13.5%	-9.7%
OPTU	Optimum Communications	0.5	-13.0%	-35.2%
RGNX	Regenxbio	0.7	-10.9%	-3.1%
MRNA	Moderna	27.0	-10.8%	131.5%
PRME	Prime Medicine	0.7	-10.6%	8.9%
INBX	Inhibrx Biosciences	1.4	-10.4%	17.7%
OPEN	Opendoor Technologies	4.6	-10.1%	-18.3%
FRMI	Fermi	4.2	-10.0%	-17.6%
ULCC	Frontier	1.6	-9.9%	47.3%
IONS	Ionis Pharmaceuticals	9.6	-9.4%	-26.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
CRNX	Crinetics Pharmaceuticals	8.7	97.9%	79.5%
TRAX	First Tracks Biotherapeutics	1.3	87.8%	94.8%
ALIT	Alight	10.3	37.6%	-49.7%
PENG	Penguin Solutions	4.1	27.5%	300.6%
BAND	Bandwidth	2.4	22.5%	388.5%
RPD	Rapid7	0.7	20.2%	-26.5%
HPE	Hewlett Packard Enterprise	64.8	17.7%	104.0%
ANET	Arista Networks	235.1	16.9%	42.7%
FTK	Flotek Industries	0.9	15.2%	48.3%
META	Meta Platforms	1,695.8	14.8%	1.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
IONS	Ionis Pharmaceuticals	9.6	-28.8%	-26.4%
ABTC	American Bitcoin	6.2	-27.2%	-76.0%
AIAI	AIAI	0.7	-25.4%	-30.0%
FCEL	FuelCell Energy	1.1	-25.2%	187.7%
AVAV	AeroVironment	7.2	-24.3%	-40.2%
SOLS	Solstice Advanced Materials	9.7	-23.6%	26.4%
FBYD	Falcons Beyond Global	0.7	-23.4%	-1.9%
MIDD	Middleby	6.4	-22.5%	-8.7%
AVEX	AEVEX	0.8	-20.4%	-38.9%
SPIR	Spire Global	0.5	-20.3%	96.0%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CRNX	Crinetics Pharmaceuticals	8.7	139.0%	79.5%
BLZE	Backblaze	1.0	138.5%	277.7%
TRAX	First Tracks Biotherapeutics	1.3	126.9%	94.8%
RGNX	Regenxbio	0.7	120.0%	-3.1%
DFTX	Definium Therapeutics, Inc.	5.1	105.1%	248.4%
MBX	MBX Biosciences	2.8	104.4%	93.6%
MNPR	Monopar Therapeutics	0.9	75.8%	63.2%
SLS	SELLAS Life Sciences	2.2	66.1%	238.5%
WNC	Wabash National	0.5	63.7%	52.8%
TENX	Tenax Therapeutics	0.8	63.6%	44.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
HTZ	Hertz Global	0.6	-61.2%	-60.1%
ABTC	American Bitcoin	6.2	-52.1%	-76.0%
FAC	Factorial Energy	1.0	-41.8%	121.0%
LUNR	Intuitive Machines	1.9	-41.2%	-0.6%
NVTS	Navitas Semiconductor	3.1	-41.1%	88.7%
RDW	Redwire	2.0	-35.4%	33.9%
BLDP	Ballard Power Systems	0.9	-35.0%	21.3%
HYLN	Hyliion	0.7	-34.9%	124.5%
AMPX	Amprius Technologies	1.6	-33.8%	46.1%
AA	Alcoa	12.9	-32.8%	-8.1%

Peer Comparisons

Peers to compare with:

Profile

	FBTC	IBIT	GBTC	ETHA	Median
Name	Fidelity W.	iShares Bi.	Grayscale .	iShares Et.
Asset Class	Cryptocurrency	Cryptocurrency	Cryptocurrency	Cryptocurrency	-
AUM ($ Bil)	13.4	44.9	8.4	4.6	10.9
Expense Ratio	0.25%	0.25%	1.50%	0.25%	0.25%
10-D Avg Volume (Mil)	4.22	53.29	2.15	28.73	16.48
Latest Day Volume (Mil)	-	51.40	1.86	27.77	27.77
Holdings Count	0	1	0	1	0
Inception Date	1/10/2024	1/5/2024	1/11/2024	6/24/2024	-

Fundamentals

	FBTC	IBIT	GBTC	ETHA	Median
Name	Fidelity W.	iShares Bi.	Grayscale .	iShares Et.
Net Asset Value	52.33	34.85	47.63	12.82	-
Premium/Discount	6.3%	4.0%	-	5.5%	5.5%
Distribution Yield	0.0%	0.0%	-	0.0%	0.0%
Sales Yield	-	-	-	-	-
Earnings Yield	-	-	-	-	-

Valuation

	FBTC	IBIT	GBTC	ETHA	Median
Name	Fidelity W.	iShares Bi.	Grayscale .	iShares Et.
P/S (TTM)	-	-	-	-	-
P/E (TTM)	-	-	-	-	-
P/FCF (TTM)	-	-	-	-	-
Forward P/E	-	-	-	-	-
Forward P/S	-	-	-	-	-

Risk

	FBTC	IBIT	GBTC	ETHA	Median
Name	Fidelity W.	iShares Bi.	Grayscale .	iShares Et.
Volatility (1Y)	44.4%	44.5%	45.0%	68.7%	44.7%
Volatility (3Y)	49.9%	49.9%	51.3%	72.3%	50.6%
Volatility (5Y)	49.9%	49.9%	51.3%	72.3%	50.6%
Beta (1Y)	1.79	1.80	1.89	2.96	1.85
Beta (3Y)	1.32	1.33	1.36	2.22	1.34
Beta (5Y)	1.32	1.33	1.36	2.22	1.34
Sharpe Ratio (1Y)	-1.05	-1.04	-0.71	-0.30	-0.87
Sharpe Ratio (3Y)	0.50	0.50	0.71	-0.11	0.50
Sharpe Ratio (5Y)	0.50	0.50	0.71	-0.11	0.50
Max Drawdown (1Y)	-53.4%	-53.3%	-49.5%	-67.9%	-53.3%
Max Drawdown (3Y)	-53.4%	-53.3%	-49.5%	-67.9%	-53.3%
Max Drawdown (5Y)	-53.4%	-53.3%	-49.5%	-67.9%	-53.3%

Returns

	FBTC	IBIT	GBTC	ETHA	Median
Name	Fidelity W.	iShares Bi.	Grayscale .	iShares Et.
1M Return	3.0%	3.1%	-	8.4%	3.1%
3M Return	-11.5%	-11.4%	-	-19.3%	-11.5%
6M Return	-29.8%	-29.7%	-	-42.9%	-29.8%
YTD Return	-27.0%	-27.0%	-	-39.7%	-27.0%
1Y Return	-43.0%	-43.0%	-	-35.5%	-43.0%
2Y Return	12.5%	12.5%	-	-	12.5%
3Y Return	-	-	-	-	-

Short Interest

Short Interest: As Of Date	6152026
Short Interest: Shares Quantity	0.5 Mil
Short Interest: % Change Since 5312026	-69.5%
Average Daily Volume	5.9 Mil
Days-to-Cover Short Interest	1

External Quote Links

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1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Fidelity Wise Origin Bitcoin Fund (FBTC)

Market Price (7/11/2026): $55.75

Fidelity Wise Origin Bitcoin Fund (FBTC)

Market Price (7/11/2026): $55.75

Key Takeaways

Price Chart

Asset Allocation with FBTC

Valuation & Yield

Top 20 Holdings for FBTC

Performance for FBTC Top Holdings

Guidance Updates for FBTC Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

FBTC Dip Buy History

Current Dip Buy Opportunities Across ETFs

ETF Fund Flows

Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About FBTC

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

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Profile

Fundamentals

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