펀드 개요
Fidelity Wise Origin Bitcoin Fund (FBTC) is a digital assets fund managed by the prominent fund family Fidelity Investments, positioning it as a significant vehicle for cryptocurrency exposure within the traditional financial framework. The fund currently oversees total assets under management (AUM) of 127 억 4 천만 달러, or 12.74B 달러, a substantial figure that indicates significant market scale and growing institutional acceptance among retail and professional participants. Regarding portfolio composition, the holdings count is listed as N/A, which suggests that specific diversification metrics within the digital asset basket are either proprietary or not disclosed in standard public filings, limiting direct comparison to multi-asset class funds. The fund operates with an expense ratio of 0.2%, a metric that conceptually places it in a competitive landscape relative to peers, as this low-cost structure is designed to minimize the drag on net asset value over the investment horizon.
성과 분석
This digital assets fund reports a current yield of 0.0%, indicating that it does not distribute income to shareholders and is therefore not suitable for investors seeking passive income streams from a dividend-paying portfolio. The year-to-date (YTD) return stands at -22.4%, a negative figure that reflects the fund's sensitivity to recent market downturns and the specific price action of its underlying Bitcoin holdings since the beginning of the current calendar year. Long-term performance consistency cannot be evaluated through historical averages for the 3-year or 5-year periods, as these metrics are currently N/A, preventing a direct assessment of the fund's resilience against prolonged market cycles compared to established equity or bond indices. The absence of 3-year and 5-year average returns suggests that the fund is a relatively new entrant to the market or that historical data is insufficient to calculate multi-year averages, which creates a gap in long-term performance validation. Although the YTD return of -22.4% is negative, the low expense ratio of 0.2% serves to mitigate the erosion of capital, ensuring that a larger portion of the gross return or loss passes directly to the investor without significant fee interference.
Price & Risk Profile
The 52-week trading range for FBTC spans from a low of 54.20 달러 to a high of 110.25 달러, illustrating a wide band of price volatility characteristic of the digital assets category. This range indicates that the asset class is highly sensitive to market sentiment and liquidity shifts, with the fund's price fluctuating by over 100% from its lowest point to its highest point within a single year. Without an exact current price provided in the available facts, the precise location of the fund within this 54.20 달러 to 110.25 달러 range cannot be calculated, but the width of the range itself underscores the inherent instability of holding a single digital asset. The beta value is listed as N/A, meaning that volatility relative to the broader traditional stock market index is not quantified in standard data feeds, which complicates risk modeling for portfolio managers seeking to hedge digital asset exposure. Based on the substantial 52-week price range and the lack of a defined beta, the overall risk profile is classified as high, reflecting the potential for significant capital depreciation in adverse market conditions.