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About FIDELITY INVESTMENTS CANADA ULC ADVANTAGE BITCOIN ETF
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Inception date
Nov 30, 2021
Structure
Canadian Mutual Fund Trust (ON)
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.
Classification
Geography
Global
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FBTC assets under management is 1.33 B CAD. It's risen 5.45% over the last month.
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.
No, FBTC doesn't pay dividends to its holders.
FBTC shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Nov 30, 2021, and its management style is Passive.
FBTC expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
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.
FBTC invests in cash.
FBTC price has risen by 7.59% over the last month, and its yearly performance shows a 107.68% 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.
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 trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.