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Fidelity Wise Origin Bitcoin Fund ( (FBTC) ) has issued an update.
On February 2, 2026, Fidelity Wise Origin Bitcoin Fund entered into a new custodial services agreement with BitGo Bank & Trust, under which BitGo will provide custody and safekeeping services for the fund’s bitcoin, complementing the trust’s existing, unchanged arrangement with Fidelity Digital Assets. The sponsor retains discretion over how assets are allocated between the two custodians and currently has no plans to transfer bitcoin to BitGo, with the move framed as part of a broader risk management strategy tied to the trust’s growth; the agreement also sets out detailed limitations on BitGo’s liability and broad indemnification obligations for the trust, underscoring how operational and legal risk is being contractually allocated. Also effective February 2, 2026, Treasurer and Principal Financial and Accounting Officer Heather Bonner resigned from the sponsor without any stated disagreements over operations or policies, and was succeeded in the role by Fidelity executive Craig S. Brown, signaling continuity in financial leadership for the fund.
More about Fidelity Wise Origin Bitcoin Fund
Fidelity Wise Origin Bitcoin Fund is a digital asset investment trust focused on providing investors with exposure to bitcoin, with FD Funds Management LLC serving as its sponsor. The fund operates within the cryptocurrency and digital asset management industry, relying on specialized custodial services to safeguard its bitcoin holdings as it expands its presence in the digital asset market.
Average Trading Volume: 6,588,461
Current Market Cap: $15.18B
See more insights into FBTC stock on TipRanks’ Stock Analysis page.