(FBTC) Fidelity Physical Bitcoin - Overview
Etf: Physical, Bitcoin, ETP
| Risk 5d forecast | |
|---|---|
| Volatility | 48.6% |
| Relative Tail Risk | -6.72% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.02 |
| Alpha | -47.88 |
| Character TTM | |
|---|---|
| Beta | 0.493 |
| Beta Downside | 0.377 |
| Drawdowns 3y | |
|---|---|
| Max DD | 45.92% |
| CAGR/Max DD | 0.82 |
Description: FBTC Fidelity Physical Bitcoin January 02, 2026
Fidelity Physical Bitcoin ETP (XETRA: FBTC) is a Germany-domiciled exchange-traded product that provides investors with direct exposure to Bitcoin by holding the cryptocurrency in custody.
Key metrics as of early 2026 show the ETP tracks Bitcoin’s price with a net asset value (NAV) premium/discount averaging -0.3 % over the past 30 days, and daily trading volume on XETRA exceeds €25 million, indicating robust liquidity for a niche digital-asset vehicle.
Sector drivers include the broader digital-asset market’s sensitivity to macro-risk sentiment, regulatory developments in the EU (e.g., MiCA framework), and Bitcoin’s correlation with inflation expectations, which has historically risen to about 0.55 during periods of heightened monetary easing.
For a deeper, data-rich assessment of FBTC’s risk-adjusted performance and how it fits into a diversified portfolio, you might explore the analytical tools available on ValueRay.
What is the price of FBTC shares?
Over the past week, the price has changed by -15.75%, over one month by -25.67%, over three months by -32.92% and over the past year by -37.14%.
Is FBTC a buy, sell or hold?
What are the forecasts/targets for the FBTC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 6.3 | 9.9% |
FBTC Fundamental Data Overview February 03, 2026
Revenue TTM = 0.0 EUR
EBIT TTM = 0.0 EUR
EBITDA TTM = 0.0 EUR
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 252.4m EUR (252.4m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 252.4m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 252.4m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 25.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 7.73% (E(252.4m)/V(252.4m) * Re(7.73%) + (debt-free company))
Discount Rate = 7.73% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)