Fidelity's Crypto Fund Sees $116M Inflows Amid Ongoing Wallet Transfers

The Fidelity Wise Origin Bitcoin Fund (FBTC) recorded net inflows of $116.5 million last week, with $41 million coming in on Friday alone.

This marks a notable surge for FBTC, which has seen consistent growth across all five sessions of the past week.

However, Fidelity was not the primary recipient of these funds; nearly six times more money went into the iShares Bitcoin Trust (IBIT) from BlackRock.

In fact, IBIT took in 80.1% of inflows to the category, while FBTC accounted for just 13.5%, according to data from Farside.