Fidelity Wise Origin Bitcoin Fund (FBTC) is a spot Bitcoin exchange-traded fund (ETF) managed by Fidelity Investments that provides investors with direct exposure to the price of bitcoin. The fund holds bitcoin as its primary asset, enabling investors to gain access to the cryptocurrency without the complexities of direct ownership, custody, or trading on unregulated exchanges; it trades on major U.S. stock exchanges under the ticker FBTC. Launched in January 2024 following regulatory approval by the U.S. Securities and Exchange Commission (SEC), FBTC operates within the broader digital assets and cryptocurrency investment segment, targeting institutional and retail investors seeking bitcoin exposure through a regulated vehicle. Headquartered in Boston, Massachusetts, as part of Fidelity's operations, the fund benefits from Fidelity's extensive infrastructure including its subsidiary Fidelity Digital Assets for secure bitcoin custody. In recent developments, FBTC has seen significant inflows amid growing institutional adoption of spot bitcoin ETFs post-SEC approval in early 2024, with assets under management surpassing several billion dollars by late 2025; it also experienced a strategic rebranding integration under Fidelity's Wise Origin suite to align with expanded crypto offerings.