Fidelity Bitcoin ETF Draws $25.6 Million as Bitcoin Nears $80,000
Fidelity's Bitcoin ETF, FBTC, attracted $25.6 million in inflows on August 26, marking its eighth consecutive day of gains.
This represents 11% of the industry's total net inflows that day, with BlackRock's IBIT attracting the most at $200.8 million.
FBTC accounted for a smaller share of net inflows compared to its overall market share, indicating new demand was mainly focused on IBIT.