Crypto
Fidelity Delivers Record BTC Inflows as ETFs Recover from Disastrous Week
Fidelity's Wise Origin Bitcoin Fund saw significant inflows on Friday, bringing in $310.7 million, nearly 2.9 times the amount added by BlackRock's iShares Bitcoin Trust.
This development marked a reversal from earlier in the week when Monday's inflows were led by BlackRock, with Fidelity playing a secondary role.
The rebound left a $153.8 million gap against Tuesday and Wednesday's withdrawals, which totaled $746.3 million.
In total, U.S. spot Bitcoin exchange-traded funds drew $433 million of net inflows on Friday, extending the market's rebound to a second day but not fully repairing the withdrawals recorded earlier in the week.