{"id":69432,"date":"2024-01-20T17:30:50","date_gmt":"2024-01-20T21:30:50","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=69432"},"modified":"2024-01-20T17:31:45","modified_gmt":"2024-01-20T21:31:45","slug":"fidelitys-spot-bitcoin-etf-second-to-hit-over-1b-inflows","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/fidelitys-spot-bitcoin-etf-second-to-hit-over-1b-inflows\/","title":{"rendered":"Fidelity\u2019s Spot Bitcoin ETF Second to Hit Over $1B Inflows"},"content":{"rendered":"\n

The Fidelity Wise Origin Bitcoin Fund (FBTC) has become the second spot Bitcoin ETF <\/a>to hit over $1 billion in inflows following five days of trading.<\/p>\n\n\n\n

\"Fidelity\u2019s
Fidelity\u2019s Spot Bitcoin ETF Second to Hit Over $1B Inflows<\/figcaption><\/figure>\n\n\n\n

Fidelity's FBTC received $874 million in inflows up to January 17, just a few days after BlackRock's iShares Bitcoin Trust\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> (IBIT), the first of the recently authorized BTC ETFs, reached the $1 billion assets under management milestone.<\/p>\n\n\n\n

According to preliminary figures published by BitMEX Research on their X page on January 19, Fidelity's total inflows on the fifth trading day exceeded $1 billion, placing it second only to BlackRock's $1.2 billion. <\/p>\n\n\n\n

This development highlights the growing investor interest in Bitcoin (BTC) and related products, marking a crucial milestone in the cryptocurrency investment.<\/p>\n\n\n\n

The competitive character of the market is demonstrated by Fidelity's accomplishment, which puts it ahead of Bitwise's BITB fund<\/a>, which reported $395 million in inflows. <\/p>\n\n\n\n

Other spot Bitcoin ETFs that have performed well since trading started on January 11 are BTCO from Invesco and ARK 21Shares, which have received $320 million and $194 million in inflows, respectively.<\/p>\n\n\n\n

On the fifth day of trading, the market as a whole saw a significant outflow, amounting to $131 million across all spot Bitcoin ETFs, despite the stellar start. <\/p>\n\n\n\n

Since the funds' inception, this was the largest outflow recorded. The $2.2 billion in outflows from Grayscale, in particular, highlight how erratic the Bitcoin market<\/a> can be.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Fidelity Wise Origin Bitcoin Fund (FBTC) has become the second spot Bitcoin ETF to hit over $1 billion in inflows following five days of trading. Fidelity’s FBTC received $874 million in inflows up to January 17, just a few days after BlackRock’s iShares Bitcoin Trust (IBIT), the first of the recently authorized BTC ETFs, […]<\/p>\n","protected":false},"author":43,"featured_media":69435,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1613,1960],"class_list":["post-69432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-etf","tag-fidelity"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/01\/croc_1705785417569.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/69432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=69432"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/69432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/69435"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=69432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=69432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=69432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}