Report: Record Inflows for Bitcoin ETFs, Fidelity's FBTC Takes the Lead

Thursday, 16 May 2024, 04:27
Bitcoin exchange-traded funds witness a surge in investor interest with a total of $302 million inflows, with Fidelity's FBTC at the forefront with $131 million inflows. The report also highlights Bitwise fund's significant contribution of $86 million. This influx of funds points to a growing confidence in cryptocurrency investments.
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Report: Record Inflows for Bitcoin ETFs, Fidelity's FBTC Takes the Lead

Bitcoin ETFs Witness Record Inflows

Bitcoin ETFs have reported a remarkable $302 million in inflows, indicating a surge in investor interest in cryptocurrency investments.

Fidelity's FBTC Leading the Charge

Fidelity's FBTC led the way on Wednesday with a substantial $131 million worth of daily inflows, showcasing growing confidence in the asset within traditional financial institutions.

Bitwise fund followed closely behind, contributing $86 million to the total influx of funds.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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