Crypto
Fidelity's Bitcoin ETF Sees Fresh Inflows Amid BTC Price Surge
Fidelity's Bitcoin ETF, FBTC, saw fresh inflows of $6.9 million on September 1st, adding to its substantial asset base.
The fund's assets under management now stand at $13.87 billion, with the latest influx representing just 0.05% of AUM.
This modest increase underscores steady investor confidence in the fund, rather than a speculative rush into Bitcoin exposure.
The related asset, BTC-USD, has been trading at $77,582.29 after surging 21.26% over the past three months, with technical signals pointing to short-term momentum remaining intact.