[
    {
        "role": "user",
        "content": "what%20is%20the%20ratio%20of%20fidelity%20fbtc%20to%20underlying%20bitcoin%3F"
    },
    {
        "role": "assistant",
        "content": "Each share of **FBTC** (Fidelity Wise Origin Bitcoin Fund) represents a fractional ownership of the Bitcoin held in the fund. Based on current data:\n\n- The NAV\u2019s BTC-per-share ratio is approximately **0.000880 BTC per FBTC share** ([btcetfcalc.com](https://btcetfcalc.com/education/how-many-ibit-shares-per-bitcoin/?utm_source=openai))  \n- This means it takes about **1,136 FBTC shares** to equal **1 whole Bitcoin** ([btcetfcalc.com](https://btcetfcalc.com/education/how-many-ibit-shares-per-bitcoin/?utm_source=openai))\n\nLet me know if you want that converted into dollars or some other metric."
    }
]