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Fidelity's Bitcoin ETF Sees Hefty Outflows Amid Market Reversal

Guavy AI Editorial Team
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BTC
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Fidelity's Bitcoin ETF saw significant outflows on September 1, with investors withdrawing $43.7 million from the fund.

This adds to a wider reversal in the US market, where spot Bitcoin exchange-traded funds (ETFs) collectively witnessed an inflow of $216.7 million just one day prior.

However, BlackRock's iShares Bitcoin Trust (IBIT) led withdrawals on September 1 with a staggering $201.2 million outflow, contributing to the total outflows of $236.5 million for the session.

The Fidelity Wise Origin Bitcoin Fund (FBTC) started September with net withdrawals of $43.7 million, but this does not necessarily imply that Fidelity itself has turned against Bitcoin.

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