Fidelity becomes the second Bitcoin ETF issuer to exceed one billion dollars in inflows.
Over One Billion Dollars Flow into Fidelity’s Bitcoin ETF
Fidelity has joined BlackRock as the second Bitcoin ETF issuer to attract over $1 billion in inflows.
Fidelity’s Bitcoin ETF (FBTC) has gained significant investor attention, reflecting a growing interest in digital assets despite market fluctuations.
Bitwise currently ranks third in the Bitcoin ETF race, with fund inflows reaching $395.5 million.
Meanwhile, Ark Invest/21Shares and Invesco have also recorded substantial inflows, with $320.9 million and $194.9 million respectively.
Fidelity and BlackRock Lead the ETF Market
Bitcoin ETFs, particularly those from Fidelity and BlackRock, continue to dominate the market in terms of trading volume and assets under management (AUM)
This not only demonstrates investor confidence in these funds but also their expanding role in the global financial landscape.
However, the Bitcoin ETF market has also witnessed significant outflows, with notable exits from the converted Grayscale fund, which could further impact Bitcoin’s price.
Recently, GBTC experienced over $2.2 billion in outflows, and according to experts, this amount could quickly reach $3 billion.
Analysts suggest that this trend may continue and influence the cryptocurrency market in the coming weeks.
