FIDELITY INVESTMENTS CANADA ULC ADVANTAGE BITCOIN ETFFIDELITY INVESTMENTS CANADA ULC ADVANTAGE BITCOIN ETFFIDELITY INVESTMENTS CANADA ULC ADVANTAGE BITCOIN ETF

FIDELITY INVESTMENTS CANADA ULC ADVANTAGE BITCOIN ETF

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Key stats


Assets under management (AUM)
‪1.33 B‬CAD
Fund flows (1Y)
‪365.50 M‬CAD
Dividend yield (indicated)
Discount/Premium to NAV
0.1%
Shares outstanding
‪26.00 M‬
Expense ratio
0.95%

About FIDELITY INVESTMENTS CANADA ULC ADVANTAGE BITCOIN ETF


Issuer
FMR LLC
Brand
Fidelity
Home page
Inception date
Nov 30, 2021
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
BTC/CAD Exchange Rate - CAD - Benchmark Price Return
Management style
Passive
Dividend treatment
Distributes
Primary advisor
Fidelity Investments Canada ULC
The fund provides exposure to the price of Bitcoin in exchange for Canadian dollars. As shares of the ETF are purchased, the proceeds are used to purchase bitcoin from Fidelitys selected liquidity providers. The price of bitcoin is taken from a variety of sources in order to determine a value for the ETF shares. Once purchased, the bitcoin is then stored in Fidelitys Digital Asset Services, serving as the sub-custodian. Holding bitcoin in an ETF wrapper provides a more efficient way to hold and trade the asset. However, shares of the ETF can not be redeemed for physical bitcoin. While the price of bitcoin will fluctuate 24 hours a day, trading of the ETF shares is also limited to exchange trading hours and listing requirements. Bitcoin is a part of a new an rapidly changing industry, subject to a variety of factors that are difficult to evaluate. Bitcoin has been highly volatile and may not be suited for all investors.

Broaden your horizons with more funds linked to FBTC via country, focus, and more.

Classification


Asset Class
Currency
Category
Pair
Focus
Long Bitcoin, short CAD
Niche
In specie
Strategy
Vanilla
Geography
Global
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FBTC trades at 53.33 CAD today, its price has risen 4.34% in the past 24 hours. Track more dynamics on FBTC price chart.
FBTC net asset value is 53.27 today — it's risen 11.11% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
FBTC assets under management is ‪1.33 B‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
FBTC price has risen by 7.59% over the last month, and its yearly performance shows a 100.87% increase. See more dynamics on FBTC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 11.11% over the last month, showed a 38.52% increase in three-month performance and has increased by 105.36% in a year.
FBTC fund flows account for ‪365.50 M‬ CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FBTC invests in cash. See more details in our Analysis section.
FBTC expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FBTC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, FBTC technical analysis shows the strong buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating FBTC shows the strong buy signal. See more of FBTC technicals for a more comprehensive analysis.
No, FBTC doesn't pay dividends to its holders.
FBTC trades at a premium (0.11%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
FBTC shares are issued by FMR LLC
FBTC follows the BTC/CAD Exchange Rate - CAD - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 30, 2021.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.