FBTC Bitcoin ETF — Ratio, Holdings & Conversion
Fidelity's spot Bitcoin ETF with self-custodied BTC.
Key Stats
How the FBTC Ratio Works
The BTC-per-share ratio represents the exact amount of Bitcoin that backs each FBTC share. NAV-derived ratio, calibrated daily is used to determine this value. The ratio decreases slowly over time as the 0.25% annual management fee is deducted from fund assets.
How to Convert FBTC Shares to BTC
Shares to BTC: Multiply the number of shares by the BTC-per-share ratio.
Example: 100 FBTC shares × 0.00086 = 0.0860 BTC
Strike to BTC price: Divide the FBTC strike price by the ratio.
Example: $86 strike ÷ 0.00086 ≈ $100,000 BTC
Shares per 1 BTC: 1 ÷ 0.00086 ≈ 1,163 shares
For more Bitcoin ETF guides and resources, visit our education hub.
View FBTC daily prices, interactive charts, annual returns, and BTC equivalents.
FBTC Price History →Convert FBTC strikes and premiums to BTC prices with live data.
Open FBTC Calculator →See how FBTC compares to GBTC in our head-to-head comparison.
See how FBTC stacks up against the competition in our Best Bitcoin ETF in 2026 guide.
FAQ
What is the FBTC BTC-per-share ratio?
The FBTC BTC-per-share ratio (approximately 0.000860) represents how much Bitcoin backs each FBTC share. It is calibrated daily from NAV data and decreases slowly as the 0.25% annual fee is deducted.
How do I convert FBTC shares to Bitcoin?
Multiply the number of FBTC shares by the BTC-per-share ratio. For example, 100 FBTC shares × 0.000860 = 0.0860 BTC. To convert an FBTC strike price to a BTC price, divide the strike by the ratio.