Fidelity Dominates Bitcoin ETF Flows with $310M Allocation
The U.S. spot Bitcoin ETFs experienced a significant influx of funds on September 18, recording $324.6 million in net inflows.
Fidelity's Wise Origin Bitcoin Fund, specifically FBTC, led the charge with $310.7 million in new investments, accounting for approximately 96% of the total.
This figure was largely driven by a single-day allocation to Fidelity, as other funds like Bitwise's BITB and VanEck's HODL saw much smaller inflows.
The concentration of fund flows into FBTC is noteworthy, especially considering that previous sessions had seen significant outflows from the ETF market.