
IBIT down 6.4% while FDIG soars 18.5% in 2026 and Bitcoin itself explains almost nothing about the gap

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In 2026, the iShares Bitcoin Trust ETF (IBIT) is down 6.4% year-to-date, while the Fidelity Crypto Industry and Digital Payments ETF (FDIG) has surged 18.5%. IBIT primarily holds spot bitcoin, whereas FDIG invests in companies related to crypto, benefiting from leveraged positions. The divergence highlights the performance of equity proxies like Strategy and Coinbase, which have outperformed despite a flat bitcoin market. Investors seeking direct bitcoin exposure may prefer IBIT, while those interested in the broader crypto economy might opt for FDIG.

