Fidelity Wise Origin Bitcoin Fund

Fidelity Wise Origin Bitcoin Fund is an exchange-traded product designed to provide investors with exposure to the price performance of bitcoin without the need to directly purchase the cryptocurrency. It achieves this by holding bitcoin in custody, aiming to replicate the Fidelity Bitcoin Reference Rate as its benchmark. Sponsored by FD Funds Management LLC and with bitcoin custody provided by Fidelity Digital Asset Services, LLC, the fund offers a familiar investment vehicle for incorporating digital assets into portfolios. Bitcoin, the sole underlying asset, is characterized by its digital scarcity with a hard supply cap of 21 million coins, portability, divisibility, verifiability, and settlement speed, positioning it as an aspirational store of value in the cryptocurrency market. Launched in 2024, Fidelity Wise Origin Bitcoin Fund targets investors comfortable with high volatility and the unique risks associated with digital assets, such as protocol flaws, network attacks, or custody issues. It operates with daily NAV pricing and serves as a streamlined option for accessing bitcoin's market dynamics through traditional investment channels.