Clients of the Fidelity Wise Origin Bitcoin Fund (FBTC) purchased $103.06 million worth of Bitcoin on October 13. This amount represents nearly all of the net inflows for the entire US spot Bitcoin ETF sector, which totaled $109.8 million that day. Bitcoin was trading above $86,000 during these purchases. FBTC consistently ranks second behind BlackRock’s IBIT in terms of assets and trading volume. The fund charges a 0.25% fee, placing it among the lowest-cost major Bitcoin ETFs.
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