Fidelity Bitcoin ETF Now Hits $10 Billion in Bitcoin Holdings For The First Time

Fidelity Bitcoin ETF reaches $10 billion milestone with 150,000 BTC

In contrast, Grayscale's GBTC experienced an outflow of $199 million, while Bitwise's BITB experienced an inflow of $7.5 million on the same day. BlackRock's IBIT, on the other hand, saw a substantial net inflow of $307 million.

FBTC's achievement of surpassing $10 billion in assets under management (AUM) makes it the second spot Bitcoin ETF to do so, following BlackRock's IBIT, which reached this milestone on March 1st.

The trading volume data for Bitcoin ETFs on April 5 indicates significant activity, with BlackRock's IBIT leading at $1.09 billion, followed by GBTC at $554 million and FBTC at $420 million.

Investor enthusiasm for BlackRock Bitcoin ETF and Fidelity Bitcoin ETF remains robust, which is evident from their consistent inflows even during Bitcoin price declines. BlackRock has expanded its Authorized Participants list, aiming to enhance market liquidity and investor accessibility.