A folding collapsible bottle basket is constructed to include a rectangular open top frame, the top frame having two parallel stretchers, the stretchers each having an insertion hole on the middle, a bottom frame, the bottom frame having a frame body and two sliding tracks spaced below the frame body, two side frames inserted through the gap between the frame body and sliding tracks of the bottom frame and pivoted to the top frame and moved along the sliding tracks between the operative position and the non-operative position, stop means provided at the sliding tracks and adapted for holding the side frames in the operative position, and a handle pivoted to the top frame, the handle having two straight end rod portions inserted through the insertion holes of the stretchers and respectively pivoted to two opposite short sides of the top frame and a {character pullout}-shaped middle handgrip portion connected between the straight end rod portions.