Crypto investment firm Fidelity purchased $438.9 million worth of Bitcoin, Ethereum, and Solana through its ETF products over the past 20 trading days. Most of these purchases were directed toward Bitcoin, with $354.1 million invested in the FBTC fund, while $66.6 million went to Ethereum and $18.2 million to Solana. Despite this sustained institutional demand, Bitcoin’s price experienced a sharp reversal, dropping from around $87,000 to a multi-week low of approximately $81,000. This correction came with increased selling pressure, particularly from retail traders, raising questions about whether Fidelity can sustain its buying momentum.
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