Fidelity's FBTC Sees $15.5M Inflows as US Spot Bitcoin ETF Demand Rebounds

Fidelity's Bitcoin fund (FBTC) reversed its recent trend of mostly negative flows, recording $15.5 million in daily net inflows at the end of July.

This marked a significant change from the previous day's outflow of $43 million and followed weeks of inconsistent demand for U.S. Spot Bitcoin ETFs.

The Daily Total Net Inflow across these funds reached its highest level in three weeks, totaling $233 million during the same session.

This reversal suggests that institutional demand has improved, but it's still unclear whether this trend will continue into August.

Despite the ETF inflows, the Coinbase Premium Index remained negative, indicating weaker demand from U.S. investors linked to Coinbase.