Filing Risk Score
38D
Regulatory filing quality and event signal from SEC disclosures
Key inputs: Quarterly report filing: quarterly report · Annual report filing: annual report
Spot BTC ETF wrapper
Fidelity Wise Origin Bitcoin Fund
FBTCSpot Bitcoin ETF wrapper where AUM, trading liquidity, fees, and BTC-per-share context frame exposure.
ETFSpot Bitcoin ETFSpot bitcoin ETF wrapper
Signal summary
Sawse research signals
Scores summarize filing, market, ownership, and exposure records for research prioritization.
BTC Exposure Score
90A
Degree of Bitcoin exposure relative to entity type
Key inputs: Spot bitcoin ETF wrapper
Event Momentum Score
100A
Directional signal from recent SEC event categorizations
Key inputs: 1 recent SEC filing · 6 fresh source updates
Quote & Trading
Delayed quote
$55.29
+$1.41 (2.62%)
Session timestamp: Jun 12, 2026, 3:00 PM
- Range
- 1M
- Start
- $70.36
- Latest
- $55.29
- Latest date
- Jun 11, 2026
Fundamentals
Showing the latest source-confirmed balance sheet values. The bar scale compares magnitude within this statement only; it is not a trend line and does not indicate positive or negative quality.
5 metrics · latest period Mar 31, 2026. 5 metrics include a prior-period comparison.
Total assets
12.83B USD
Total liabilities
18.89M USD
Cash and equivalen…
0 USD
Investment fair va…
12.82B USD
Stockholders' equi…
12.82B USD
| Metric | Value | Period | Prior | Change |
|---|---|---|---|---|
| Total assets | 12.83B USD | Mar 31, 2026 | 17.71B USD | -4.87B USD (-27.5%) |
| Total liabilities | 18.89M USD | Mar 31, 2026 | 70.26M USD | -51.36M USD (-73.1%) |
| Cash and equivalents | 0 USD | Mar 31, 2026 | 0 USD | +0 USD |
| Investment fair value | 12.82B USD | Mar 31, 2026 | 17.64B USD | -4.82B USD (-27.3%) |
| Stockholders' equity | 12.82B USD | Mar 31, 2026 | 17.64B USD | -4.82B USD (-27.3%) |
Total assets
Mar 31, 2026
- Value
- 12.83B USD
- Change
- -4.87B USD (-27.5%)
- Prior
- 17.71B USD
Total liabilities
Mar 31, 2026
- Value
- 18.89M USD
- Change
- -51.36M USD (-73.1%)
- Prior
- 70.26M USD
Cash and equivalents
Mar 31, 2026
- Value
- 0 USD
- Change
- +0 USD
- Prior
- 0 USD
Investment fair value
Mar 31, 2026
- Value
- 12.82B USD
- Change
- -4.82B USD (-27.3%)
- Prior
- 17.64B USD
Stockholders' equity
Mar 31, 2026
- Value
- 12.82B USD
- Change
- -4.82B USD (-27.3%)
- Prior
- 17.64B USD
SEC Filings
Risk Factor Watch
11 source-confirmed changes detected
Compared 10-K 2026-02-25 with 10-K 2025-03-14.
8 Added0 Changed3 Removed
New / expanded language
Risk Factors” or other uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those described in forward- looking statements.
Moreover, neither the Trust, the Sponsor, nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements.
Risk Factors Summary The following is only a summary of the principal risks that could materially and adversely affect our business, financial condition, results of operations and cash flows, which should be read in conjunction with the detailed description of these risks in “ Item 1A.
Materially changed
No materially changed risk-factor sentences above threshold.
3 removed risk-factor candidates
Risk Factors and whether such investment is consistent with its fiduciary responsibilities.
When evaluating the prudence of an investment in the Shares, the Plan fiduciary should consider the DOL’s regulation on investment duties, which can be found at 29 C.
As a smaller reporting company, the Trust is not required to provide the information required by this item.
Source-extracted Item 1A comparison.
May 6, 2026View on SEC
Feb 25, 2026View on SEC
Feb 5, 2026View on SEC
Item 1.01Entry into a Material Definitive AgreementItem 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain OfficersItem 9.01Financial Statements and Exhibits
Nov 7, 2025View on SEC
Aug 8, 2025View on SEC
Insider Activity
Insider activity is not applicable
ETF wrappers do not have officer and director Form 4 activity in the same way operating companies do.
Institutional Ownership
This is a partial 13F manager view, not a full shareholder register. Concentration percentages describe the manager positions currently loaded in this table. The shares-outstanding percentage divides each manager's reported shares by the latest public share-count record when available.
Observed 13F managers8
Loaded filings
Largest loaded manager1.1%
Of loaded 13F shares
Top 10 loaded share—
Only 8 loaded
Top 25 loaded share—
Only 8 loaded
Rows with movement8
Position or value
Source: SEC 13F filings. 13F reports can arrive up to 45 days after quarter end and do not represent every shareholder. Position change is the reported share-count change versus the prior available filing. Value change is the reported market-value change and can move even when the share count is unchanged.
| Manager | Period | Shares | % Shares out. | Value | Movement |
|---|---|---|---|---|---|
| Bank of America CorpMarket value moved | Mar 2026 | 29K | 0.01% | $1.71B | Position-595Value-$544.09M |
| D. E. Shaw & Co., Inc.Position and value moved | Mar 2026 | 237K | 0.11% | $13.99B | Position+50.99KValue-$190.12M |
| FMR LLCLarge position move | Mar 2026 | 24 | 0.00% | $1.4M | Position-22Value-$2.14M |
| The Goldman Sachs Group, Inc.Market value moved | Mar 2026 | 426.56K | 0.20% | $25.18B | Position-43.09KValue-$10.62B |
| Jane Street Group, LLCPosition and value moved | Mar 2026 | 1.95M | 0.90% | $115.32B | Position+1.44MValue+$76.42B |
| Jane Street Group, LLCPosition and value moved | Mar 2026 | 602 | 0.00% | $35.54M | Position-509.64KValue-$38.86B |
| Jane Street Group, LLCPosition and value moved | Mar 2026 | 16 | 0.00% | $944K | Position-510.22KValue-$38.89B |
| JPMorgan Chase & Co.Position and value moved | Mar 2026 | 22.17K | 0.01% | $1.28B | Position+22.14KValue+$1.28B |
Bank of America CorpMarket value moved
Mar 2026
- Shares
- 29K
- % Shares out.
- 0.01%
- Value
- $1.71B
- Movement
- Position-595Value-$544.09M
D. E. Shaw & Co., Inc.Position and value moved
Mar 2026
- Shares
- 237K
- % Shares out.
- 0.11%
- Value
- $13.99B
- Movement
- Position+50.99KValue-$190.12M
FMR LLCLarge position move
Mar 2026
- Shares
- 24
- % Shares out.
- 0.00%
- Value
- $1.4M
- Movement
- Position-22Value-$2.14M
The Goldman Sachs Group, Inc.Market value moved
Mar 2026
- Shares
- 426.56K
- % Shares out.
- 0.20%
- Value
- $25.18B
- Movement
- Position-43.09KValue-$10.62B
Jane Street Group, LLCPosition and value moved
Mar 2026
- Shares
- 1.95M
- % Shares out.
- 0.90%
- Value
- $115.32B
- Movement
- Position+1.44MValue+$76.42B
Jane Street Group, LLCPosition and value moved
Mar 2026
- Shares
- 602
- % Shares out.
- 0.00%
- Value
- $35.54M
- Movement
- Position-509.64KValue-$38.86B
Jane Street Group, LLCPosition and value moved
Mar 2026
- Shares
- 16
- % Shares out.
- 0.00%
- Value
- $944K
- Movement
- Position-510.22KValue-$38.89B
JPMorgan Chase & Co.Position and value moved
Mar 2026
- Shares
- 22.17K
- % Shares out.
- 0.01%
- Value
- $1.28B
- Movement
- Position+22.14KValue+$1.28B
Crypto Context
Spot bitcoin ETF wrapper
FBTC crypto exposure readout
Latest filing10-Q · May 6, 2026
Assets under management$010-Q filed May 5, 2026
Expense ratio0.25%10-K filed Feb 24, 2026
FBTC's crypto exposure should be read alongside its equity valuation, financing choices, dilution risk, taxes, and operating business.
Editorial Coverage
Peer Comparison
| Ticker | Category | Latest revenue | Filing Risk0-100 | BTC Exposure0-100 | Event Momentum0-100 |
|---|---|---|---|---|---|
| FBTCFidelity Wise Origin Bitcoin Fund | Spot BTC ETF wrapper | — | 38 | 90 | 100 |
| IBITiShares Bitcoin Trust ETF | Spot BTC ETF wrapper | — | 38 | 90 | 100 |
| ARKBARK 21Shares Bitcoin ETF | Spot BTC ETF wrapper | — | 38 | 90 | 100 |
- Filing Risk
- Measures the intensity of SEC filing patterns.
- BTC Exposure
- Measures direct and operating exposure to bitcoin.
- Event Momentum
- Measures recent material disclosure activity.
Scores run 0-100: higher means a stronger signal for that dimension, not a buy/sell rating. Market cap, YTD return, and P/E appear when quote history and share-count data are complete.