iShares Bitcoin Trust (IBIT) vs Fidelity Wise Origin (FBTC)

iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin (FBTC) both operate in the ETF and fund space, but they take fundamentally different approaches to how your bitcoin is held. The scores are close — iShares Bitcoin Trust (IBIT) at 77/100 (B+) and Fidelity Wise Origin (FBTC) at 76/100 (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

On custody and security, these two are within 3 points of each other (75 vs. 78). When custody scores are this close, look at the specifics: key management model, insurance coverage, and whether either platform has a single point of failure. On fees, iShares Bitcoin Trust (IBIT) wins by 5 points. iShares Bitcoin Trust (IBIT) charges 0.25% expense ratio compared to 0.25% expense ratio at Fidelity Wise Origin (FBTC). Over a multi-year holding period, fee differences compound — a point worth considering for long-term accumulators.

The Custody Question

Neither iShares Bitcoin Trust (IBIT) nor Fidelity Wise Origin (FBTC) has fully eliminated single-point-of-failure risk. iShares Bitcoin Trust (IBIT) uses ETF — Coinbase Custody and Fidelity Wise Origin (FBTC) uses ETF — Fidelity Self-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

iShares Bitcoin Trust (IBIT) edges out Fidelity Wise Origin (FBTC) by 1 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 largest spot bitcoin etf by aum. blackrock brand. deep liquidity. over fidelity self-custodies btc. trusted brand. integrated with brokerage accounts.. One thing to watch with Fidelity Wise Origin (FBTC): single custodian (fidelity). no direct btc withdrawal..