Fidelity's Bitcoin ETF Leads $433M Surge in Crypto Demand
Fidelity's Bitcoin ETF led the charge as U.S. crypto funds saw a surge in demand, closing the week with $433M flowing into bitcoin funds.
Ether and solana also gained traction, signaling broad institutional crypto demand.
The strong finish coincided with renewed momentum in bitcoin's price, which moved back above $80,000 following a turbulent week.
The inflows were led by Fidelity's FBTC with $310.72M, followed by Blackrock's IBIT adding another $108.44M.