FBTC
Spot Bitcoin ETFs See Largest Daily Net Outflows Ever
United States-based spot Bitcoin (BTC) exchange-traded funds (ETF) recorded $563.7 million in total net outflows on March 1 — the largest since the funds began trading on January 11 — according to data from Farside Investors. These outflows coincide with a 10.32% BTC price decrease over the past week. Fidelity’s Wise Origin Bitcoin Fund (FBTC) […]
Fidelity’s Spot Bitcoin ETF $208M Inflow Outpaces Grayscale Outflows
According to provisional data from Farside Investors, Fidelity’s spot Bitcoin exchange-traded fund (ETF), FBTC, attracted a staggering $208 million in daily inflows on Jan. 29. This marks a significant achievement for the fund as it surpassed the outflows from the Grayscale Bitcoin Trust (GBTC) for the first time since its launch. In contrast, GBTC experienced […]
BlackRock’s IBIT Bitcoin ETF Suppresses $2B AUM in Just Ten Days
BlackRock’s iShares Bitcoin ETF (IBIT) has become the first of the recently launched spot Bitcoin ETFs to reach an impressive $2 billion in assets under management (AUM) in just 10 days of trading, as reported by Bloomberg Terminal data. BlackRock currently holds approximately 50,000 BTC through its ETF, making it one of the major holders […]