Key Takeaways
- • Wealth Quarterback LLC maintains an active position in FBTC, Fidelity's bitcoin ETF, as tracked through GuruFocus's institutional holding history database, providing visibility into a sophisticated investor's cryptocurrency allocation strategy.
- • FBTC trades at $63.91 as of April 12, 2026, with a net asset base of $12.74 billion and an expense ratio of 0.25%, positioning it as a significant vehicle for institutional exposure to bitcoin without direct custody requirements.
- • Year-to-date performance stands at -16.24%, reflecting broader cryptocurrency volatility in 2026, though the fund delivered a 1-year return of 7.94% and 3-year return of 0.00% from inception (January 10, 2024).
- • FBTC's 52-week trading range spans $54.21 to $110.25, indicating substantial price volatility characteristic of bitcoin-tracking products; the fund peaked at $110.25 on October 6, 2025, before declining significantly into April 2026.
- • Major institutional shareholders include Millennium Management, Jane Street Group, Schonfeld Strategic Advisors, and other prominent hedge funds and proprietary trading firms, indicating broad acceptance among alternative investment managers seeking regulated bitcoin exposure.
Summary
Wealth Quarterback LLC's holdings in the Fidelity Wise Origin Bitcoin Fund (FBTC) reflect institutional adoption of regulated cryptocurrency investment vehicles. FBTC, which launched on January 10, 2024, has accumulated $12.74 billion in net assets, establishing itself as a material conduit for institutional-grade bitcoin exposure. The fund operates with a lean 0.25% expense ratio and utilizes a volume-weighted median price methodology calculated every 15 seconds across eligible spot markets, with all bitcoin held in custody to eliminate direct operational risk.
As of April 12, 2026, FBTC was trading at $63.91 with intraday volatility ranging between $61.67 and $64.02. The fund's performance profile reveals the cyclical nature of cryptocurrency markets: the 52-week high of $110.25 (achieved October 6, 2025) contrasts sharply with the current price level, representing approximately a 42% decline from peak valuation. Year-to-date returns of -16.24% reflect weakness through early 2026, though the 1-year return of 7.94% and inception-to-date returns of 0.00% suggest stabilization following the fund's 2024 launch.
FBTC's shareholder base comprises sophisticated institutional investors, including Millennium Management, Jane Street Group, Schonfeld Strategic Advisors, Capula Management, and leading proprietary trading firms such as Susquehanna International Group and LMR Partners. This concentration among professional traders and hedge funds underscores the fund's role in institutional portfolio construction. The fund targets investors with high risk tolerance and explicitly discloses that bitcoin's volatility and potential illiquidity pose material losses, including total capital loss. The fund tracks the Fidelity Bitcoin Price Index with daily valuation at 4:00 p.m. EST, providing institutional investors with transparent, regulated exposure to bitcoin price movements without operational custody complexity.
As of April 12, 2026, FBTC was trading at $63.91 with intraday volatility ranging between $61.67 and $64.02. The fund's performance profile reveals the cyclical nature of cryptocurrency markets: the 52-week high of $110.25 (achieved October 6, 2025) contrasts sharply with the current price level, representing approximately a 42% decline from peak valuation. Year-to-date returns of -16.24% reflect weakness through early 2026, though the 1-year return of 7.94% and inception-to-date returns of 0.00% suggest stabilization following the fund's 2024 launch.
FBTC's shareholder base comprises sophisticated institutional investors, including Millennium Management, Jane Street Group, Schonfeld Strategic Advisors, Capula Management, and leading proprietary trading firms such as Susquehanna International Group and LMR Partners. This concentration among professional traders and hedge funds underscores the fund's role in institutional portfolio construction. The fund targets investors with high risk tolerance and explicitly discloses that bitcoin's volatility and potential illiquidity pose material losses, including total capital loss. The fund tracks the Fidelity Bitcoin Price Index with daily valuation at 4:00 p.m. EST, providing institutional investors with transparent, regulated exposure to bitcoin price movements without operational custody complexity.
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