Fidelity Wise Origin Bitcoin Fund drawdown: 38.6% below the all-time high
Fidelity Wise Origin Bitcoin Fund is 38.6% below its all-time high, set Oct 6, 2025 (as of market close, Sep 11, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −38.6%
- 61.4% of ATH
- All-time high
- $109.44
- Oct 6, 2025
- Time below the high
- 11 mo
- since Oct 6, 2025
- Worst-ever drawdown
- −53.6%
- Jun 30, 2026
- Longest underwater
- 11 mo
- between all-time highs
- Today's level first reached
- Nov 11, 2024
- 1.8 yrs ago
- Last time this deep
- never before
- no prior −38.6% episode
% of all-time high since 2024#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Oct 6, 2025 | Jun 30, 2026 | −53.6% | 9 mo | not yet | 11 mo+ |
| Dec 17, 2024 | Apr 8, 2025 | −28.2% | 4 mo | May 20, 2025 | 5 mo |
| Mar 13, 2024 | Sep 6, 2024 | −27.4% | 6 mo | Nov 6, 2024 | 8 mo |
| Jan 11, 2024 | Jan 23, 2024 | −16.0% | 12 days | Feb 9, 2024 | 29 days |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2024: how far Fidelity Wise Origin Bitcoin Fund stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is Fidelity Wise Origin Bitcoin Fund from its all-time high?
- Fidelity Wise Origin Bitcoin Fund is currently 38.6% below its all-time high, set Oct 6, 2025 (as of market close, Sep 11, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Fidelity Wise Origin Bitcoin Fund drawdown ever?
- The deepest decline on record in our data (since 2024) took Fidelity Wise Origin Bitcoin Fund 53.6% below its prior high, bottoming Jun 30, 2026. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from FBTC; no free deep history exists for Fidelity Wise Origin Bitcoin Fund — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.