(FBTC) Fidelity Physical Bitcoin - Ratings and Ratios

The Fidelity Physical Bitcoin ETP (FBTC) is a German-listed ETF that falls under the Digital Assets category, providing investors with exposure to Bitcoin. As a physically-backed ETF, it holds actual Bitcoin, allowing investors to gain direct exposure to the cryptocurrencys price movements.

From a high-level perspective, the FBTC has demonstrated a relatively stable price action, with a current price of 9.34. To further analyze its performance, we can examine key metrics such as the Sharpe Ratio, which measures risk-adjusted returns. Although not provided, a Sharpe Ratio above 1 would indicate that the ETFs returns are satisfactory considering its volatility. Additionally, the ETFs expense ratio, which is not specified, is an essential factor to consider, as it directly impacts investors net returns.

With an AUM of 203.18M EUR, the FBTC has established itself as a sizable player in the digital assets ETF space. To put this into perspective, we can compare its AUM to that of other similar ETFs, as well as its trading volume and liquidity. A higher AUM typically corresponds to lower trading costs and tighter bid-ask spreads, making it more attractive to investors. Furthermore, the ETFs tracking error, which measures its deviation from the underlying assets (Bitcoin) price, is a crucial metric to evaluate its effectiveness in providing exposure to the cryptocurrency.

To assess the FBTCs potential for future growth, we can examine its correlation with Bitcoins price, as well as its historical drawdowns and recovery periods. By analyzing these metrics, we can gain a better understanding of the ETFs risk profile and its potential to withstand market fluctuations. Moreover, comparing the FBTCs performance to that of other Bitcoin-related investment products can help identify areas of strength and weakness.