BTC vs FBTC
BTC is cheaper: 0.15% vs 0.25% a year, or $10 less per $10,000. FBTC is larger, holding about 2.9× more BTC (184,058 BTC vs 62,874 BTC). Over the last 20 trading days, BTC took in $14.5M and FBTC saw outflows of $413.5M.
Share this page
| BTC | FBTC | |
|---|---|---|
| Fund | Grayscale Bitcoin Mini Trust ETF | Fidelity Wise Origin Bitcoin Fund |
| Issuer | Grayscale | Fidelity |
| Exchange | NYSE Arca | Cboe BZX |
| Launched | 2024-07-31 | 2024-01-11 |
| Yearly fee | 0.15% ($15 / $10k) | 0.25% ($25 / $10k) |
| Custodian | Coinbase Custody | Fidelity Digital Assets |
| BTC held | 62,874 BTC | 184,058 BTC |
| Cumulative flow | +$2,947M | +$10,597M |
| 5-day flow | +$0.6M | +$122.1M |
| 20-day flow | +$14.5M | −$413.5M |
Sources: Farside Investors (22 Oct 2026, 21:35 London), bitcointreasuries.net (22 Oct 2026, 13:35 London), fee tables (14 Oct 2026, 10:00 London). Not investment advice.
Which is better for you?
- Long-term holding: the fee matters most, and BTC charges less (0.15% vs 0.25%).
- Active trading: a larger fund is usually easier to trade; FBTC holds more BTC, but check trading volume with your broker.
- Custody: BTC uses Coinbase Custody, FBTC uses Fidelity Digital Assets.
Not investment advice.
Flows over the last 20 trading days
| Date | BTC | FBTC |
|---|---|---|
| 21 October 2026 | +$8.2M | +$212.7M |
| 20 October 2026 | $0M | +$3.6M |
| 19 October 2026 | $0M | −$83.6M |
| 16 October 2026 | $0M | −$10.6M |
| 15 October 2026 | −$7.6M | $0M |
| 14 October 2026 | $0M | −$152.7M |
| 13 October 2026 | $0M | +$103.1M |
| 12 October 2026 | $0M | $0M |
| 9 October 2026 | $0M | −$3.6M |
| 8 October 2026 | $0M | −$197.1M |
| 7 October 2026 | $0M | −$105.1M |
| 6 October 2026 | −$11M | $0M |
| 5 October 2026 | $0M | −$74.5M |
| 2 October 2026 | $0M | +$29.3M |
| 1 October 2026 | +$14.6M | −$60.7M |
| 30 September 2026 | $0M | −$125.6M |
| 29 September 2026 | $0M | $0M |
| 28 September 2026 | +$10.3M | −$10.9M |
| 25 September 2026 | $0M | +$49.3M |
| 24 September 2026 | $0M | +$12.9M |
| 20-day total | +$14.5M | −$413.5M |
Net flow, USD millions · Farside Investors (22 Oct 2026, 21:35 London) · the latest day may be preliminary
FAQ
- Is BTC or FBTC cheaper?
- BTC: 0.15% a year vs 0.25% for FBTC, a difference of $10 a year per $10,000.
- Which holds more bitcoin, BTC or FBTC?
- FBTC: 184,058 BTC vs 62,874 BTC for BTC, per bitcointreasuries.net as of 22 Oct 2026, 13:35 London.
- Do BTC and FBTC hold real bitcoin?
- Yes. Both are US spot bitcoin ETFs that hold BTC directly: BTC with Coinbase Custody as custodian, FBTC with Fidelity Digital Assets. The share price tracks BTC minus the fee.