Fidelity's Bitcoin Fund Sees $15.5M Inflows Amid Market Uncertainty

Fidelity's Wise Origin Bitcoin Fund (FBTC) has seen a significant turnaround in investor demand, with $15.5 million in Daily Net Inflows recorded at the end of July. This marks a reversal from the previous day's $43 million outflow and brings an end to FBTC's recent run of mostly negative flows.

The renewed demand is not limited to Fidelity's fund alone, as seven other Spot Bitcoin ETFs also recorded inflows during the same session, resulting in a Daily Total Net Inflow of $233 million - its highest level in three weeks.

However, despite this positive trend, market indicators suggest that sellers still hold an advantage. The Coinbase Premium Index remains negative, indicating weaker demand from U.S. investors on Coinbase compared to Binance.