Fidelity surge brings in $310M BTC saving Bitcoin ETFs from a disastrous week

Share

U.S. spot Bitcoin ETFs drew $433 million of net inflows on Friday, Sept. 18, with Fidelity’s Wise Origin Bitcoin Fund supplying $310.7 million, nearly 2.9 times BlackRock’s $108.4 million contribution. The two-day rebound generated $592.5 million in combined inflows after investors withdrew $746.3 million on Tuesday and Wednesday, leaving a $153.8 million gap. The five-session week finished with just $6.1 million in net inflows, with BlackRock’s IBIT accumulating $120.6 million versus Fidelity’s $79.9 million. The withdrawals landed on Sept. 15 and 16, the day before and the day of the Federal Reserve’s decision to raise its target range by 25 basis points to 3.75% to 4.00%.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles