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**Fidelity’s Spot Bitcoin ETF Sees Daily Inflows of $124 Million**
Fidelity’s spot Bitcoin Exchange-Traded Fund (ETF), known as FBTC, has made headlines by recording a remarkable daily inflow of $124 million in Bitcoin. This significant influx underscores the growing interest from institutional investors in the cryptocurrency market, particularly in more regulated investment vehicles.
As of the latest data, Bitcoin (BTC) is trading at a price of $65,822.42, reflecting ongoing volatility and investor sentiment. The impressive performance of the FBTC ETF highlights Fidelity’s commitment to providing secure and accessible investment options in digital assets.
Market analysts speculate that such strong inflows into Fidelity’s Bitcoin ETF could further enhance confidence among investors, potentially driving more capital into the cryptocurrency sector. As the interest in digital currencies continues to gain traction, Fidelity’s FBTC may emerge as a key player in the evolving landscape of cryptocurrency investments.
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