What is the expense ratio of FBTC vs IBIT?

FBTC has an expense ratio of 0.25%, while IBIT has an expense ratio of 0.25%.

FBTC vs IBIT

Fidelity Wise Origin Bitcoin Fund vs iShares Bitcoin Trust ETF

Last updated: 2026-04-10

FBTC Fidelity

Fidelity Wise Origin Bitcoin Fund (FBTC) is an exchange-traded fund issued by Fidelity that provides exposure to cryptocurrency securities. It charges a moderate expense ratio of 0.25%. Launched in 2024, the fund has a 2-year track record.

AUM: $13.4B ER: 0.25% Yield: N/A Since: Jan 10, 2024

IBIT iShares

iShares Bitcoin Trust ETF (IBIT) is an exchange-traded fund issued by iShares that provides exposure to cryptocurrency securities. It charges a moderate expense ratio of 0.25%. Launched in 2024, the fund has a 2-year track record.

AUM: $55.9B ER: 0.25% Yield: N/A Since: Jan 5, 2024

Quick Verdict

Both funds have delivered similar 1-year returns (-8.8% vs -8.9%), tracking closely.

Key Metrics

Metric	FBTC	IBIT
Expense Ratio	0.25%	0.25%
Dividend Yield	N/A	N/A
Fund Family	Fidelity	iShares
Category	Cryptocurrency	Cryptocurrency

Performance Chart

Indexed to 100 at start (5-year comparison)

FBTC +54.7%

IBIT +54.6%

Performance Comparison

Period	FBTC	IBIT	Difference
1 Month	+2.74%	+2.73%	+0.01%
3 Months	-20.62%	-20.64%	+0.02%
6 Months	-37.40%	-37.45%	+0.05%
YTD	-19.10%	-19.19%	+0.09%
1 Year	-8.80%	-8.87%	+0.07%
3 Years	+54.73%	+54.58%	+0.15%
5 Years	+54.73%	+54.58%	+0.15%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	FBTC Fees	IBIT Fees	You Save
$10,000	10 years	$495	$495	$0
$10,000	20 years	$2,111	$2,111	$0
$10,000	30 years	$6,758	$6,758	$0
$50,000	10 years	$2,473	$2,473	$0
$50,000	30 years	$33,792	$33,792	$0
$100,000	30 years	$67,584	$67,584	$0

Risk Metrics

Based on 5 years of daily returns

Metric	FBTC	IBIT
Annualized Volatility	51.0%	51.0%
Max Drawdown	-49.3%	-49.4%
Sharpe Ratio	0.55	0.55

Dividend Comparison

Metric	FBTC	IBIT
Annual Dividend (per share)	$0.00	$0.00
Dividend Yield	0.00%	0.00%
Distribution Frequency	None	None

Top Holdings

IBIT Top Holdings

Name	Weight
Grayscale Bitcoin Mini Trust ETF#BTC	100.00%
USD CASHUSD	0.00%

Which One Should You Choose?

Either works if...

you just need broad cryptocurrency exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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