At a glance
FDIG charges 0.39% a year, below the 0.59% average of the 8 funds most like it (the 2nd cheapest of 9). It has $263.0M in assets, the 7th largest of that group; it paid 1.77% of its price in distributions over the past 12 months, quarterly. Over the past year it returned −37.2% with distributions reinvested (S&P 500: +11.5%), 3rd of those 9 funds; over three years it returned +33.1% a year. Its ten largest positions make up 36.1% of the fund, out of 58 in all.
The short version
Fidelity Crypto Industry and Digital Payments ETF (FDIG) is an index fund that owns 58 stocks of crypto miners, crypto exchanges and digital payment companies, led by Coinbase, IREN and Applied Digital as of June 30, 2026. It does not hold bitcoin or any other cryptocurrency. Its 0.39% expense ratio is below the 0.59% average of similar funds. Its price swings are extreme: it fell 57% from peak to low in 2022.
Price history
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FDIG -37.2% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| FDIG official prospectus, to Oct 30, 2026 | — | +19.62% | — | — | — | +12.11% |
| IXV46 index, same period | — | +19.62% | — | — | — | +12.39% |
| MS159 index, same period | — | +22.71% | — | — | — | +12.97% |
| FDIG price data to Oct 27, 2026 | -8.5% | -37.2% | +33.1% | — | — | +10.9% |
- Over the year to Oct 27, 2026, FDIG returned -37.2%, 3rd of 9 among similar funds.
- Its worst full calendar year was 2024 (+18.4%); its best was 2023 (+166.0%).
- The deepest fall in its price history was 57% (Apr 25, 2022 to Dec 28, 2022), recovered by Jul 12, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -8.5% | — |
| 2025 | +19.9% | +19.62% |
| 2024 | +18.4% | +17.71% |
| 2023 | +166.0% | +165.75% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.2000 | |
| 2025 | $0.4400 | +15.8% |
| 2024 | $0.3800 | +660.0% |
| 2023 | $0.0500 |
What's inside
As of Jun 30, 2026, the fund held 58 securities; the ten largest made up 36.09% of assets. It also reported 14.54% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.
| Holding | Weight | |
|---|---|---|
| COINBASE GLOBAL INC | 4.63% | |
| IREN LTD | 4.44% | |
| APPLIED DIGITAL CORP | 3.67% | |
| TERAWULF INC | 3.55% | |
| CIPHER DIGITAL INC | 3.46% | |
| MARA HOLDINGS INC | 3.42% | |
| BLOCK INC | 3.37% | |
| CIRCLE INTERNET GROUP INC | 3.21% | |
| HUT 8 CORP | 3.20% | |
| RIOT PLATFORMS INC | 3.13% | |
| BITMINE IMMERSION TECHNOLOGIES INC | 2.76% | |
| CLEANSPARK INC | 2.52% | |
| CORE SCIENTIFIC INC | 2.52% | |
| ROBINHOOD MARKETS INC | 2.44% | |
| KEEL INFRASTRUCTURE CORP | 2.21% |
By country
United States 70.14%Cayman Islands 7.68%Australia 6.04%Japan 4.15%Canada 3.79%By asset type
Stocks 99.67%What changed recently
- Over the three months to Jun 30, 2026, investors withdrew a net $13.0M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +22.26%, +19.12%, -10.11%.
How it works
FDIG tracks the Fidelity Crypto Industry and Digital Payments Index, a rules-based index Fidelity built itself. The fund normally puts at least 80% of its assets into stocks in the index, or into depositary receipts (certificates that stand for shares of foreign companies). It mostly copies the index directly, though it may not hold every stock. The index draws from three groups of companies around the world: crypto companies such as miners and exchanges, blockchain firms that make mining or encryption hardware and software, and digital payments processors.
Stocks are ranked by how much revenue they earn from these activities and by a "thematic relevancy" score. That score partly comes from natural language processing, which is software that scans company documents for relevant keywords. Companies that get more than half their revenue from these activities, or hold at least 5% market share, make up 85% or more of the index. Each stock is weighted by its average daily trading volume, with caps. Portfolio turnover was 59%.
The fund does not buy cryptocurrency or crypto derivatives, so it won't track bitcoin's price. It still feels crypto's swings indirectly, because many of its companies mine coins or hold them. As of June 30, 2026, the top 10 holdings made up 36% of assets and about 70% was in US companies. The fund is non-diversified, which means it can put more of its money into fewer companies.
What it really costs
- FDIG charges 0.39% a year, versus an average of 0.59% for the similar funds below (2nd of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $40 in the first year and $493 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| FDIG | $40 | $125 | $219 | $493 |
In a retirement portfolio
It is a narrow, very volatile bet on crypto-related stocks, so it could only play a small role next to broader holdings.
FDIG could add exposure to crypto and payments businesses, which broad stock funds hold only in small amounts, at a 0.39% expense ratio. The trade-off is a very bumpy ride. The fund launched in April 2022, so it has no record from the 2008 or 2020 crashes. It fell 57% from April 25 to December 28, 2022, then made the loss back by July 12, 2023. Every full calendar year since then has been a gain, from 17.71% in 2024 to 165.75% in 2023. But the price fell 37.2% in the year to October 27, 2026. Someone who had to sell during a stretch like that would lock in deep losses. The trailing yield was 1.77% as of October 27, 2026, paid quarterly. That is too small to cushion swings this large. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a low-cost index basket of crypto miners, exchanges and payment firms, at 0.39% compared with a 0.59% average for similar funds.
- Those who prefer to own crypto-related businesses like Coinbase, Block and Circle rather than hold bitcoin or other coins, which the fund doesn't buy.
- People holding a small satellite position who can sit through drops like the 57% fall between April and December 2022.
Look elsewhere if
- Retirees who may need to sell shares soon. The price fell 37.2% in the year to October 27, 2026, and 21.4% in one month.
- Investors who want to track bitcoin's price. The fund owns company stocks, not coins, so its returns won't follow any cryptocurrency.
- Those who want broad diversification. The fund is non-diversified and leans heavily on bitcoin miners such as MARA, Riot, Hut 8 and TeraWulf.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| FDIG this fund | — | 0.39% | $263.0M | -37.2% | +33.1% |
| BKCH Global X Blockchain ETF | 53% | 0.5% | $277.7M | -49.6% | +38.2% |
| IBLC iShares Blockchain and Tech ETF | 52% | 0.47% | $88.7M | -38.1% | +38.3% |
| DAPP VanEck Digital Transformation ETF | 50% | 0.51% | $345.6M | -40.0% | +42.4% |
| BITQ Bitwise Crypto Industry Innovators ETF | 50% | 0.85% | $411.1M | -29.1% | +46.5% |
| STCE Schwab Crypto Thematic ETF | 49% | 0.3% | $269.5M | -48.6% | +39.1% |
| SATO Invesco Alerian Galaxy Crypto Economy ETF | 46% | 0.6% | $6.9M | -43.8% | +36.6% |
| BLOK Amplify Transformational Data Sharing ETF | 38% | 0.73% | $1.16B | -24.6% | +42.9% |
Questions investors ask
Does FDIG hold bitcoin?
No. FDIG does not buy cryptocurrencies, either directly or through crypto derivatives, and it does not invest in initial coin offerings. It owns stocks of crypto, blockchain and digital payments companies. Its three largest holdings as of June 30, 2026, were Coinbase, IREN and Applied Digital. Many of these companies mine or hold crypto, so the fund still feels crypto's swings indirectly. But it is not designed to track any coin's price.
What is FDIG's expense ratio?
FDIG's expense ratio is 0.39% a year, according to its prospectus filed October 27, 2026. That is below the 0.59% average of eight similar crypto-industry ETFs, and it ranks second cheapest of the nine funds. Schwab Crypto Thematic ETF (STCE) costs less, at 0.30%. In the SEC's standard example, $10,000 earning 5% a year would cost about $40 after one year, $219 after five years and $493 after ten years.
FDIG vs BKCH: what's the difference?
Both own crypto-related stocks, and about 53% of their holdings overlap, based on the latest N-PORT reports. FDIG is cheaper, at 0.39% compared with 0.50% for Global X Blockchain ETF (BKCH). FDIG also holds digital payments companies such as Block. In the year to October 27, 2026, FDIG's price fell 37.2% and BKCH's fell 49.6%. Over three years, BKCH did better: 38.2% a year compared with 33.1% for FDIG.
Does FDIG pay dividends?
Yes, FDIG pays distributions every quarter. In the 12 months to October 27, 2026, it paid about $0.62 per share, a trailing yield of 1.77%. The amount can change from one payment to the next. Income is not the main draw of this fund, because its price moves can easily wipe out a year of payouts. For example, it fell 21.4% in the single month to October 27, 2026.
Is FDIG too risky for retirement?
It is high risk for anyone who may need the money soon. As of October 27, 2026, its one-year volatility was 50% and its beta was 2.84, meaning it tended to move nearly three times as much as the overall market. Its best quarter was a 73.9% gain at the end of 2023, and its worst was a 25.44% loss in early 2025. Some investors hold funds like this only as a small slice of a broader portfolio.