Fidelity Bitcoin Fund Q1 2024 Update

Ticker: FBTC · Form: 10-Q · Filed: 2024-05-09T00:00:00.000Z

Sentiment: neutral

Topics: bitcoin, fund, crypto, 10-Q

Related Tickers: BTC-USD

TL;DR

**Fidelity Bitcoin Fund Q1 2024: Holds 144k+ BTC, Net Assets Valued.**

AI Summary

Fidelity Wise Origin Bitcoin Fund filed its 10-Q for the period ending March 31, 2024. The fund reported a Global Total Net Assets value and held 144,704.48094252 Bitcoin. The filing also references specific dates such as January 9, 2024, and March 31, 2024, related to its investments and valuations.

Why It Matters

This filing provides insight into the holdings and net asset value of a major Bitcoin fund, reflecting the market performance and investor interest in Bitcoin during the first quarter of 2024.

Risk Assessment

Risk Level: medium — The fund's value is directly tied to the volatile price of Bitcoin, making it susceptible to significant market fluctuations.

Key Numbers

Key Players & Entities

FAQ

What was the total net assets of the Fidelity Wise Origin Bitcoin Fund as of March 31, 2024?

The filing indicates 'Global Total Net Assets' but does not provide a specific dollar amount for March 31, 2024, in the provided text.

How much Bitcoin did the fund hold at the end of the first quarter of 2024?

The fund held 144,704.48094252 Bitcoin as of March 31, 2024.

What is the primary investment focus of the Fidelity Wise Origin Bitcoin Fund?

The fund's primary investment is in Bitcoin, valued at fair value.

What are the different fair value input levels mentioned in the filing?

The filing mentions Level 1, Level 2, and Level 3 fair value inputs.

When was the fund previously known as Wise Origin Bitcoin Trust?

The date of the name change from Wise Origin Bitcoin Trust to Fidelity Wise Origin Bitcoin Fund was March 19, 2021.

From the Filing

0000950170-24-056545.txt : 20240509 0000950170-24-056545.hdr.sgml : 20240509 20240509124558 ACCESSION NUMBER: 0000950170-24-056545 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 38 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240509 DATE AS OF CHANGE: 20240509 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: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-41904 FILM NUMBER: 24929551 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 10-Q 1 ck0001852317-20240331.htm 10-Q 10-Q false 0001852317 --12-31 2024 Q1 http://www.fidelity.com/20240331#BitcoinMember http://www.fidelity.com/20240331#BitcoinMember 0001852317 Investment in bitcoin, at Fair Value Global Total Net Assets 2024-03-31 0001852317 us-gaap:FairValueInputsLevel3Member 2024-03-31 0001852317 ck0001852317:InvestmentInBitcoinMember 2024-03-31 0001852317 us-gaap:FairValueInputsLevel1Member 2024-03-31 0001852317 us-gaap:FairValueInputsLevel3Member ck0001852317:InvestmentInBitcoinMember 2024-03-31 0001852317 2024-01-09 2024-01-09 0001852317 2024-01-10 0001852317 2023-12-31 0001852317 2024-03-31 0001852317 Investment in bitcoin, at Fair Value Global Total Investment in bitcoin, at Fair Value 2024-03-31 0001852317 2024-01-09 0001852317 us-gaap:FairValueInputsLevel2Member 2024-03-31 0001852317 Investment in bitcoin, at Fair Value Global Bitcoin Quantity of Bitcoin 144,704.48094252 2024-03-31 0001852317 us-gaap:FairValueInputsLevel2Member ck0001852317:InvestmentInBitcoinMember 2024-03-31 0001852317 2024-05-06 0001852317 2024-01-01 2024-03-31 0001852317 2024-01-11 2024-03-31 0001852317 2023-11-30 2023-11-30 0001852317 us-gaap:FairValueInputsLevel1Member ck0001852317:InvestmentInBitcoinMember 2024-03-31 iso4217:USD xbrli:shares xbrli:pure xbrli:shares iso4217:USD     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549   FORM 10-Q   (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ Commission File Number: 001-41904   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 No.) 245 Summer Street V13E Boston , MA 02210 (Address of principal executive offices) (Zip Code)   Registrant’s telephone number, including area code: ( 800 ) 343-3548   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Fidelity® Wise Origin® Bitcoin Fund Shares   FBTC   Cboe BZX Exchange, Inc   Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter perio

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