Fidelity's Bitcoin ETF uses in-house custody to differentiate from Coinbase-reliant same-day same-asset same-// own custody structure
Investors can gain exposure to Bitcoin price movements without direct ownership or storage. To access this, they pay a 0.25% expense ratio, which tempers gains. This access was made possible by the SEC's 2024 approval of spot Bitcoin ETFs. The iShares Bitcoin Trust (IBIT) and VanEck's HODL fund utilize Coinbase Global's storage program. The Fidelity Wise Origin Bitcoin Fund (FBTC) stores its Bitcoins in-house under Fidelity Digital Assets. This in-house custody structure provides an extra layer of protection for security-focused investors.
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