Fidelity’s Bitcoin ETF Sees Major Influx with $47 Million Worth of BTC
In a significant development in the cryptocurrency space, Fidelity’s Bitcoin ETF, trading under the ticker #FBTC, has received a substantial inflow of Bitcoin. The ETF’s wallet, identified as (38gwf), saw an addition of 800 BTC, valued at approximately $47 million. This notable transaction came from Flow Traders, a recognized global liquidity provider in the digital asset market, marked by the address (bc1ql).
Such a large inflow signals growing institutional interest and confidence in Fidelity’s Bitcoin ETF. Investors and market watchers are keeping a close eye on these movements, as they could potentially influence broader market trends and the future of Bitcoin ETF products.