Cryptocurrency Q&A
Is FBTC a direct investment in Bitcoin?
Is FBTC a direct investment in Bitcoin?
BusanBeautyBlooming
Mon Jan 27 2025
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6
answers
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I'm considering investing in FBTC, but I'm not sure if it's a direct investment in Bitcoin. I want to understand if buying FBTC means I'm directly investing in Bitcoin or if it's some sort of derivative or indirect investment.
6 answers
Alessandra
Wed Jan 29 2025
It provides investors with exposure to the daily USD spot price of bitcoin.
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RubyGlider
Wed Jan 29 2025
It is issued by Fidelity, a well-known financial institution.
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Claudio
Wed Jan 29 2025
To achieve this, the fund utilizes a Bitcoin price feed.
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CryptoTitan
Wed Jan 29 2025
It's important to note that an investment in this fund does not constitute a direct investment in bitcoin itself.
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Silvia
Wed Jan 29 2025
The fund adopts a passive management approach.
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