LATEST: Asset Management Giant Fidelity Secures Second Place in Bitcoin ETF Race With $1 Billion Inflows

Fidelity has made a significant impact in the newly launched U.S. spot bitcoin ETF arena, swiftly joining the elite $1 billion-plus inflow club. Their ETF, Fidelity’s FBTC, is a major contributor to the total net flows of nearly $1.2 billion recorded in the first five days of these ETFs’ trading. Fidelity’s success is part of a broader trend in the cryptocurrency investment space, where notable firms are vying for a share in the burgeoning market. Despite a competitive landscape with other players like BlackRock and Grayscale, Fidelity’s FBTC stands out. It has attracted substantial investor interest, drawing significant daily inflows and contributing to the overall trading volume in the sector.


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