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: 2026-04-02

Fidelity Wise Origin Bitcoin Fund (FBTC) is an exchange-traded fund 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: $12.4B ER: 0.25% Yield: N/A Since: Jan 10, 2024

IBIT

iShares Bitcoin Trust ETF (IBIT) is an exchange-traded fund 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: $51.9B ER: 0.25% Yield: N/A Since: Jan 5, 2024

Quick Verdict

Both funds have delivered similar 1-year returns (-20.0% vs -20.0%), tracking closely.

Key Metrics

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

Performance Chart

Indexed to 100 at start (5-year comparison)

FBTC +45.2%

IBIT +45.1%

Performance Comparison

Period	FBTC	IBIT	Difference
1 Month	-1.49%	-1.42%	-0.07%
3 Months	-24.08%	-24.15%	+0.07%
6 Months	-44.61%	-44.65%	+0.04%
YTD	-24.08%	-24.15%	+0.07%
1 Year	-20.00%	-20.00%	+0.00%
3 Years	+45.21%	+45.10%	+0.11%
5 Years	+45.21%	+45.10%	+0.11%

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	51.1%	51.2%
Max Drawdown	-49.3%	-49.4%
Sharpe Ratio	0.50	0.50

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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