Fidelity Wise Origin Bitcoin Fund Suffers $1.608 Billion Net Asset Decline

The Fidelity Wise Origin Bitcoin Fund reported a difficult quarter in Q2 2026, with net assets decreasing by $1.608 billion. This is a sharp contrast to the same period last year, when the fund saw a net increase of $4.758 billion.

The decline in net assets was driven by falling bitcoin prices and net redemptions. The price of bitcoin fell by about 13% in Q2 and roughly 32% year-to-date, leading to lower NAV per share and large unrealized depreciation.

The fund experienced material net redemptions, with shares declining roughly 13% quarter-over-quarter. This reduced the fund's bitcoin holdings and had a significant impact on its valuation.