(FBTC) Fidelity Wise Origin - Ratings and Ratios

Fidelity Wise Origin Bitcoin Trust (FBTC) is an ETF that tracks the price of Bitcoin, providing investors with exposure to the cryptocurrency market. The trust uses a volume-weighted median price (VWMP) methodology to value its shares daily, based on Bitcoin price feeds from eligible spot markets.

The VWMP methodology is calculated every 15 seconds over rolling 60-minute increments, ensuring a fair and representative valuation of the trusts Bitcoin holdings. The trusts Bitcoin is held by a custodian, minimizing the risk of loss or theft. With a current AUM of $22.24B USD, FBTC is one of the largest Bitcoin ETFs available.

From a technical analysis perspective, FBTC has shown a strong uptrend, with its 20-day SMA at $96.26 and 50-day SMA at $93.61, indicating a bullish trend. The 200-day SMA at $80.79 further supports this trend, as it is significantly lower than the current price. The ATR of 2.56 (2.46%) suggests moderate volatility, which is expected in the cryptocurrency market.

Some key performance indicators (KPIs) to monitor for FBTC include its premium/discount to NAV, trading volume, and correlation to Bitcoins spot price. A low premium/discount and high trading volume would indicate a well-functioning ETF, while a high correlation to Bitcoins spot price would demonstrate the trusts effectiveness in tracking the underlying asset. Additionally, investors may want to track the trusts expense ratio, as well as its tax efficiency, to ensure that it aligns with their investment goals.

Overall, FBTC provides investors with a convenient and secure way to gain exposure to Bitcoin, with a robust valuation methodology and a reputable custodian. As with any investment, its essential to evaluate FBTCs performance and risk profile in the context of your individual investment goals and risk tolerance.