Fidelity Wise Origin Bitcoin Fund Q2 2026: Net assets down $1.61B — 10-Q Summary
Fidelity Wise Origin Bitcoin Fund (FBTC) reported Q2 2026 net assets fell $1.608B, driven by lower bitcoin prices and net redemptions, versus a $4.758B increase in Q2 2025. The trust reported no traditional revenue or diluted EPS. Shares declined about 13% QoQ, reducing bitcoin holdings.
How this was made
The 30-second read
Why it matters
Net redemptions and bitcoin price declines reduced the trust’s bitcoin holdings and NAV per share, signaling flow-driven pressure that traders may monitor alongside BTC price action.
Market read
This is a fund-specific flow and valuation datapoint for a bitcoin ETP, useful for traders tracking crypto-ETP discounts/premiums and near-term flow risk.
What to watch
The sponsor absorbs most expenses and uses frequent NAV/IIV publication, which can dampen some operational friction; the article does not quantify fee or custody-transfer impacts beyond describing the policy.
Background
The article summarizes Fidelity Wise Origin Bitcoin Fund’s Q2 2026 Form 10-Q, focusing on net asset changes, share performance, and creation/redemption activity.
Ticker impact
Fidelity Wise Origin Bitcoin Fund reported Q2 2026 net assets fell $1.608B on bitcoin price declines and net redemptions, per its 10-Q summary.
Bearish bias for FBTC over the next days to weeks if redemptions persist and BTC remains weak; otherwise limited incremental impact beyond tracking BTC.
The article’s only new, fund-specific datapoints are net asset decrease, share decline (~13% QoQ), and redemption-driven bitcoin holding reduction, all consistent with a negative flow and valuation backdrop.
Market effects
Reinforces that spot bitcoin ETPs can see redemption pressure when BTC sells off, potentially affecting broader crypto-ETF flow sentiment.
Primarily US-listed crypto ETP sentiment; limited direct regional spillover beyond US investor positioning.
Global crypto risk sentiment remains the dominant driver, with ETP flow data acting as a secondary confirmation signal.
Counterpoint
If BTC stabilizes, redemption pressure may reverse quickly because the trust’s mechanics allow ongoing creations/redemptions, limiting longer-term damage.
Key entities
- crypto-ETP trustFidelity Wise Origin Bitcoin Fund
Spot bitcoin trust whose Q2 2026 net assets decreased $1.608B due to BTC price decline and net redemptions.
- crypto assetBitcoin
Underlying asset whose ~13% Q2 and ~32% YTD declines drove lower NAV per share and unrealized depreciation.
