Fidelity Wise Origin (FBTC) vs Bitwise Bitcoin ETF (BITB)

Fidelity Wise Origin (FBTC) and Bitwise Bitcoin ETF (BITB) both operate in the ETF and fund space, but they take fundamentally different approaches to how your bitcoin is held. The scores are close — Fidelity Wise Origin (FBTC) at 76/100 (B) and Bitwise Bitcoin ETF (BITB) at 74/100 (B). When the gap is this narrow, the details matter: custody model, single points of failure, and the fine print on fees.

Where Each Platform Wins

Custody and security — the most heavily weighted category in our methodology at 35% — tilts 6 points toward Fidelity Wise Origin (FBTC) (78 vs. 72). Both platforms carry single-point-of-failure risk, but Fidelity Wise Origin (FBTC) mitigates it more effectively through its ETF — Fidelity Self-Custody approach.

The Custody Question

Neither Fidelity Wise Origin (FBTC) nor Bitwise Bitcoin ETF (BITB) has fully eliminated single-point-of-failure risk. Fidelity Wise Origin (FBTC) uses ETF — Fidelity Self-Custody and Bitwise Bitcoin ETF (BITB) uses ETF — Coinbase Custody. Both models leave your bitcoin exposed to custodial concentration risk — if that one entity fails, your bitcoin could be locked, seized, or lost. For long-term holders, this is the most important factor to weigh.

Bottom Line

Fidelity Wise Origin (FBTC) edges out Bitwise Bitcoin ETF (BITB) by 2 points. It's a close call, and the right choice depends on your specific situation — how much bitcoin you're holding, how often you need access, and whether you prioritize fidelity self-custodies btc. trusted brand. integrated with brokerage accounts. over crypto-native issuer. transparent on-chain proof of reserves. competitive fees.. Keep in mind these platforms target different audiences — Fidelity Wise Origin (FBTC) is built for tradfi investors, while Bitwise Bitcoin ETF (BITB) serves crypto-native. One thing to watch with Bitwise Bitcoin ETF (BITB): single custodian (coinbase). smaller issuer brand recognition..