Here are the 10-K annual reports from Fidelity Wise Origin Bitcoin Fund (FBTC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow FBTC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FBTC filings page.
Fidelity Wise Origin Bitcoin Fund files its annual report describing how it provides exchange-traded exposure to bitcoin. The Delaware statutory trust seeks to track the price of bitcoin in U.S. dollars using the Fidelity Bitcoin Reference Rate, adjusted for expenses and liabilities.
The Trust holds only bitcoin, custodied by Fidelity Digital Assets, N.A., and does not use derivatives or active management. Shares trade on Cboe BZX under the symbol FBTC and are created and redeemed in Baskets of 25,000 Shares, either in bitcoin or cash via Authorized Participants.
The Index uses volume-weighted median prices from multiple spot markets, updated every 15 seconds, to support daily NAV calculations. The Trust charges a unified 0.25% annual Sponsor Fee on Bitcoin Holdings and emphasizes extensive risk factors, including bitcoin’s price volatility, custody and key-security risks, index-pricing risks, and significant regulatory uncertainty. As of June 30, 2025, shares held by non-affiliates had an aggregate market value of $21,502,562,250, and 214,578,476 Shares were outstanding as of February 20, 2026.