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Because FBTC holds 100% bitcoin, the fund’s net asset value (NAV) will generally reflect the price changes of spot bitcoin (the underlying asset) as measured by the performance of the Fidelity Bitcoin Reference Rate index. The NAV is struck at 4 p.m. ET on weekdays. Like other ETPs, spot bitcoin ETPs may not always exactly reflect the price of bitcoin because of fees and rebalancing costs and delays. The performance of FBTC will not reflect the specific return an investor would realize if the investor purchased bitcoin directly. Composer.json It previously had been known as Staples Center since its opening in October 1999.

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