secwatch.observer — SEC 8-K summary
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Issuer:     Fidelity Wise Origin Bitcoin Fund (FBTC)
CIK:        0001852317
Form:       8-K
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0001193125-26-039518
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fidelity Bitcoin Fund adds BitGo as second custodian; treasurer replaced
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- BitGo Bank & Trust appointed as additional custodian for FBTC's bitcoin holdings; no immediate asset transfers planned.
- Existing custody with Fidelity Digital Assets remains unchanged; BitGo fees paid by sponsor.
- BitGo liability capped at fees paid in prior 3 months, rising to value of affected bitcoin for gross negligence.
- Treasurer Heather Bonner resigned Feb 2, 2026; replaced by Craig S. Brown (Fidelity VP).
- Brown also serves as Assistant Treasurer of FIMM, LLC; departure not due to disagreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852317/000119312526039518/0001193125-26-039518-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852317/000119312526039518/ck0001852317-20260202.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-039518

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer