Fidelity Wise Origin Bitcoin Fund Price & Performance (FBTC)

Bitcoin exchange-traded funds (ETFs) have faced significant challenges in recent weeks. February saw a record $3.3 billion withdrawn from U.S. spot Bitcoin ETFs, marking the largest monthly exodus since their inception. Persistent inflation concerns and geopolitical tensions have driven investors to safer assets, leading to a sharp downturn in the crypto market.123

After weeks of net outflows, Bitcoin ETFs recorded a positive shift, with $744.4 million in net inflows during the week ending March 21. This marks the highest inflow in eight weeks, driven by funds like BlackRock’s iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund. Bitcoin prices also rebounded slightly during this period.45

Fidelity’s Wise Origin Bitcoin Fund (FBTC) stands out for using in-house custody services instead of third-party providers. This approach mitigates risks associated with external custodianship, which has been a concern in the Bitcoin ETF market. However, the broader ETF landscape continues to grapple with regulatory uncertainties and market volatility.67