Fidelity Bitcoin Fund Files S-1/A, Nears ETF Launch

Ticker: FBTC · Form: S-1/A · Filed: 2024-01-09T00:00:00.000Z

Sentiment: bullish

Topics: ETF-launch, bitcoin, crypto, regulatory-filing

Related Tickers: BTC-USD, FBTC

TL;DR

**Fidelity's Bitcoin ETF is one step closer to launch, get ready for more institutional crypto access!**

AI Summary

Fidelity Wise Origin Bitcoin Fund filed an S-1/A on January 9, 2024, which is Pre-Effective Amendment No. 5 to its original S-1 registration statement (333-254652). This filing updates the registration for a proposed sale of securities to the public, indicating the fund is moving closer to launching its spot Bitcoin ETF. For investors, this matters because it signals progress towards a new, regulated way to gain exposure to Bitcoin through a Fidelity product, potentially increasing accessibility and demand for Bitcoin-related investments.

Why It Matters

This filing indicates Fidelity's spot Bitcoin ETF is progressing towards regulatory approval, offering investors a new, potentially more accessible and regulated avenue to invest in Bitcoin.

Risk Assessment

Risk Level: medium — While a regulated ETF offers some investor protections, the underlying asset, Bitcoin, remains highly volatile and subject to significant market risks.

Analyst Insight

Investors interested in gaining regulated exposure to Bitcoin should monitor the final approval and launch date of the Fidelity Wise Origin Bitcoin Fund ETF, as it could provide a new, accessible investment vehicle.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What is the purpose of this S-1/A filing by Fidelity Wise Origin Bitcoin Fund?

This S-1/A is Pre-Effective Amendment No. 5 to the original S-1 Registration Statement (Registration No. 333-254652) and is filed to update the registration for a proposed sale of securities to the public, indicating progress towards launching a spot Bitcoin ETF.

When was this specific S-1/A amendment filed with the SEC?

This Pre-Effective Amendment No. 5 to Form S-1 was filed with the Securities and Exchange Commission on January 9, 2024.

What is the exact name of the registrant as specified in its charter?

The exact name of the registrant as specified in its charter is "FIDELITY® WISE ORIGIN® BITCOIN FUND".

Who is listed as the contact person for the registrant and what is their address?

Rachel Nelson is listed as the contact person, and her address is c/o FD Funds Management LLC, 245 Summer Street V13E, Boston, MA 02210.

What is the approximate date of commencement of the proposed sale to the public?

The approximate date of commencement of the proposed sale to the public is "As soon as practicable after the effective date of this Registration Statement."

From the Filing

0001193125-24-004940.txt : 20240208 0001193125-24-004940.hdr.sgml : 20240208 20240109100925 ACCESSION NUMBER: 0001193125-24-004940 CONFORMED SUBMISSION TYPE: S-1/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20240109 DATE AS OF CHANGE: 20240110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fidelity Wise Origin Bitcoin Fund CENTRAL INDEX KEY: 0001852317 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 866606379 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-1/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-254652 FILM NUMBER: 24522053 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: (617)-392-2211 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: Wise Origin Bitcoin Trust DATE OF NAME CHANGE: 20210319 S-1/A 1 d375081ds1a.htm FORM S-1/A Form S-1/A Table of Contents As filed with the Securities and Exchange Commission on January 9, 2024 Registration No. 333-254652 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Pre-Effective Amendment No. 5 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FIDELITY ® WISE ORIGIN ® BITCOIN FUND (Exact name of registrant as specified in its charter) Delaware 86-6606379 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) c/o FD Funds Management LLC Rachel Nelson 245 Summer Street V13E Boston, MA 02210 (800) 343-3548 (Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices) Copy to: Morrison C. Warren, Esq., Chapman and Cutler LLP 320 South Canal Street Chicago, IL 60606 (312) 845-3484 Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this Registration Statement. If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box: ☒ If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering: ☐ If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐ The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effecti

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