Fidelity just bought $66 million worth of Bitcoin
Fidelity has led the latest wave of institutional crypto accumulation, purchasing 610 Bitcoin worth approximately $66 million through its Wise Origin Bitcoin Fund (FBTC), according to Lookonchain data. The FBTC fund now holds 203,509 BTC as of July 7, making it the second-largest Bitcoin ETF by holdings, behind BlackRock’s iShares Bitcoin Trust (IBIT), which continues to dominate with 698,919 BTC. In total, Bitcoin ETFs added 3,199 BTC ($345.7 million) in daily net inflows. On the Ethereum side, Fidelity’s Ethereum Fund (FETH) saw the largest daily inflow, adding 24,968 ETH worth $63.3 million. That single-day figure accounts for the bulk of the $63.3 million daily net inflow into Ethereum ETFs overall. Weekly ETH ETF inflows now total $218.6 million. Combined, spot Bitcoin and Ethereum ETFs brought in over $409 million in capital on July 7, highlighting sustained institutional interest in crypto assets. FBTC FUND’s BTC holdings. Source: Lookonchain This ...