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Crypto

Fidelity's Bitcoin Fund Sees Rare Outflow Amid Market Caution

Guavy AI Editorial Team
Instruments
BTC
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Fidelity's Bitcoin fund, FBTC, experienced a rare midweek outflow of $55.12 million on August 14, reducing its assets under management to approximately $10.79 billion.

This represents about 0.51% of AUM, a notable single-day move for a large spot Bitcoin vehicle and a sign of growing caution among institutional allocators.

The related asset, BTC-USD, is currently trading at $62,906.77, down around 18.9% over the past three months as crypto markets struggle to regain momentum.

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