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Crypto

Fidelity's Bitcoin Fund Sees $23.9 Million Inflow, But Demand Still Uncertain

Guavy AI Editorial Team
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BTC
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Fidelity's Bitcoin Fund, FBTC, received $23.9 million in new inflows on Wednesday, August 19th, marking a shift from recent outflows.

This influx offset just 51% of the withdrawal recorded on August 12th, when the fund saw an outflow of $46.82 million.

The net result is still an outflow of $22.92 million over these two sessions.

The fund's price rose by 0.52% to $56.23 as of 04:54 EDT, and Bitcoin was around $64,535 at the time of the flow report release.

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