FBTC is the Constancy Sensible Origin Bitcoin Fund – It’s a spot bitcoin ETF which permits traders to achieve publicity to Bitcoin with out proudly owning the Coin immediately, similar to shopping for a share of Nvidia or Tesla. FBTC was launched on January 11, 2024, and is at the moment buying and selling underneath the ticker “FBTC” on the Cboe BZX Trade. FBTC holds bitcoin and tracks its value actions always. Shopping for a Bitcoin ETF removes the effort of coping with crypto exchanges; you possibly can simply purchase Bitcoin ETFs by regular brokerage apps.
Following the SEC approval of Bitcoin spot ETFs, FBTC has already change into the second largest Bitcoin ETF by property underneath administration and holds over 206,000 Bitcoin value roughly $24+ billion. FBTC accounts for over 9% of the spot bitcoin ETF market and represents 0.98% of Bitcoin’s complete Provide.
| Full Title | Constancy Sensible Origin Bitcoin Fund |
| Ticker Image | FBTC |
| Trade | Cboe BZX Trade |
| Fund Supervisor | FD Funds Administration LLC |
| Launch Date | January 11, 2024 |
| Expence Ratio | 0.25% anually |
| Bitcoin Holdings | 206,846 BTC ( as of July 2025) |
| Each day Buying and selling Quantity | $300 million Common |
How Does A Spot Bitcoin ETF Work?
A spot bitcoin ETF is a monetary commodity that holds bitcoins as one in all its underlying property. Bitcoin ETFs perform by permitting customers to buy a single commodity, which helps them achieve publicity to Bitcoin’s value actions with out having to buy the cryptocurrency themselves.
ETFs are traded on regular exchanges, and so they provide larger liquidity than most digital asset platforms. This enables the customers to commerce the shares of ETFs at present market costs with out considerably impacting the market. Shopping for spot Bitcoin ETFs offers customers a way of safety that isn’t current when utilizing unregulated cryptocurrency platforms.
Options Of FBTC
- Most Bitcoin ETFs use third-party custodians like Coinbase, whereas FBTC has its personal distinctive Storage unit referred to as Constancy Digital Belongings.
- Direct management over safety protocols
- Single level accountability
- Institutional-grade chilly storage with multi-layered safety
- Eliminates third-party custody dangers
- Constancy has been concerned in Bitcoin since early 2014, and lately, it has accomplished many notable milestones. In 2014, they researched inner Bitcoin and blockchain. Launched Constancy digital property for institutional custody and buying and selling in 2018. They enabled Bitcoin choices in choose 401(ok) retirement plans. And at last launched Constancy Crypto for retail Bitcoin, Ethereum, and Litecoin buying and selling in 2024.
- With an Common every day buying and selling quantity of $300 million, FBTC is among the many high three spot Bitcoin ETFs by quantity and provides excessive liquidity, which means it ensures simple entry and exit for traders.
- In comparison with different Bitcoin ETFs, FBTC provides a aggressive benefit with its annual charge being 0.25%.
FBTC Efficiency Since Launch
FBTC value has fallen by -8.39% during the last month, and its yearly efficiency reveals a 58.41% enhance. The present value of FBTC is $92.86, and one share of FBTC is 0.00087193 Bitcoin. Presently, FBTC holds round 205,801 Bitcoins, and that’s 1,146.87 shares per Bitcoin. FBTC holds $23.19B value of bitcoin, which makes it 2nd second-largest Bitcoin ETF.
Comparability With Different Bitcoin Spot ETFs
| ETF | Issuer | Belongings (Approx.) | Annual Charge | Custodian |
| IBIT | BlackRock | $87.2 Billion | 0.25% (0.12% waived on first $5B) | Coinbase Custody |
| FBTC | Constancy | $24.4 Billion | 0.25% | Constancy Digital Belongings |
| GBTC | Grayscale | $20 Billion | 1.50% | Coinbase |
It’s the in-house custody of bitcoin that units FBTC aprt from different opponents, they dont should depend on third occasion custodians therefore sustaining aggressive charges.
Largest FBTC Stakeholders
Constancy Sensible Origin Bitcoin Fund has 639 Institutional Holders, and so they maintain 50,665,457 shares. The biggest Holders of FBTC as of June 30 2025 are as follows:
| Holder Title | Shares Held | Worth (USD) |
| Millennium Administration LLC | 7,032,206 | $660.96 M |
| Schonfield Strategic Advisors LLC | 4,657,966 | $437.80 M |
| Goldman Sachs Group Inc. | 4,613,277 | $433.60 M |
| Jane Road Group, LLC | 4,301,855 | $404.33 M |
| Sculptor Capital LP | 2,188,727 | $205.72 M |
| Almitas Capital LLC | 1,611,637 | $140.72 M |
| Capula Administration Ltd | 1,497,174 | $140.72 M |
| Cantor Fitzgerald, L.P. | 1,292,951 | $121.52 M |
| ParaFi Capital LP | 1,090,000 | $102.45 M |
| Pine Ridge Advisers LLC | 834,367 | $78.42 M |
The checklist is exhibiting information which was reported on 6/30/2025.
How To Make investments In Constancy Sensible Origin Bitcoin Belief
Since SEC’s approval of spot bitcoin ETFs, Investing in bitcoin is simpler than ever. Many new customers are lastly beginning to be part of the sport and change into part of the crypto group. ETFs has diminished the complexity of the method you dont should handle the non-public keys or have to purchase bitcoin your self, FBTC has satisfied the traders that investing with them will yield them good returns. Spot bitcoin ETFs can be found on many platforms which provide inventory and choices buying and selling, retirement planning, advisory providers, and automatic reinvesting. FBTC is offered on main dealer like Constancy, SChwab, Vanguard, Robinhood, eToto, Firstrade, or interactive Brokers.
Step By Step Information To Investing In FBTC
- Open a Brokerage account in Robinhood, Constancy or Vanguard or some other dealer, select one of the best one which fits your wants. Some brokers assist fractional FBTC share which is a large plus for somebody in search of smaller investments.
- Fund your account with cash, you possibly can select to switch the quantity through financial institution or any strategies accessible.
- Discover FBTC in dealer platform you possibly can lookup the ticker image “FBTC” and confirm transaction particulars.
- To position your order you may have two choices, market orders allows you to buy the inventory at present market worth or you possibly can select restrict orders and purchase the inventory when it reaches a particular value.
- After investing it is very important monitor your investments, monitor the efficiency and setting stop-losses and take earnings can be helpful.
Closing Ideas
Constancy Sensible Origin Bitcoin Fund (FBTC) is a pleasant different to achieve publicity to Bitcoin. FBTC is a trusted and controlled car that has inhouse custody of its property, aggressive charges, and institutional experience making it a robust selection amongst Bitcoin ETFs.
Like some other investments there are dangers concerned in FBTC as effectively and it might not be the most suitable choice for somebody planning a short-term achieve. You will need to analysis totally earlier than investing and take into account the danger and solely make investments what you possibly can afford to lose.
This text is for instructional objective and shouldn’t be thought of as monetary recommendation. All the time comply with th golden rule (DYOR) Do your personal analysis and perceive that Cryptocurrency investments are extremely unstable and dangerous. It’s extremely beneficial to seek the advice of a monetary advisor earlier than investing.
FAQs
FBTC holds 100% bitcoin.
1143.55 FBTC shares equals roughly 1 BTC.
Vital and adverse priceswing, flash crashes and cybersecurity dangers
This product is for traders with a excessive threat tolerance and invests solely in bitcoin which is extremely unstable. There’s a risk that traders may lose their whole funding.
As of October 13, 2025, FBTC fund at the moment maintain 207,370 BTC.
