- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Apr 21, 2022
- Business
- Fidelity Crypto Industry and Digital Payments ETF (FDIG) is a passively managed exchange-traded fund that seeks to provide investment returns corresponding, before fees and expenses, generally to the performance of the Fidelity Crypto Industry and Digital Payments Index. The fund normally invests at least 80% of its assets in equity securities included in the index and depositary receipts representing such securities; the index reflects the performance of a global universe of companies engaged in activities related to cryptocurrency, blockchain technology, and digital payments processing, with constituents selected based on revenue derived from these themes and weighted by average daily trading volume. Top holdings as of recent reports include Coinbase Global Inc., Circle Internet Group Inc., IREN Ltd., Applied Digital Corp., and Riot Platforms Inc., spanning sectors such as information technology and financials, with approximately 59-72 total holdings, 70%+ in the top 10, and geographic exposure to the United States (70%), Australia, Canada, Japan, and emerging markets including Brazil and China.
Launched on April 19, 2022, and listed on Nasdaq, FDIG is issued by Fidelity Covington Trust, with headquarters associated with Fidelity Investments in Boston, Massachusetts, and distributor Fidelity Distributors Company LLC in Smithfield, Rhode Island. The fund targets investors seeking thematic equity exposure to the digital assets ecosystem without direct cryptocurrency holdings, operating across developed and emerging markets globally.
Recent portfolio updates reflect ongoing evolution, including high turnover of 79% as of mid-2025 and additions such as Robinhood Markets Inc., SBI Holdings Inc., and Adyen NV by late 2024, alongside shifts in weightings for key crypto mining and payments firms amid market volatility. Assets under management stood at approximately $293 million as of September 30, 2025, with continued strong performance including 50.51% YTD and 81.01% over one year through that date. No major structural changes, acquisitions, or new product launches specific to FDIG have been reported in the last 1-2 years, consistent with its index-tracking strategy.