Fidelity’s FBTC ETF Hits $4 Billion Mark Amid Bitcoin ETF Boom

The landscape of Bitcoin ETFs experienced significant activity on February 22nd, as reported by BitMEX data. A robust inflow of $251 million, equivalent to 4,900 BTC, was observed, indicating a growing interest in this investment avenue.

Among the Bitcoin ETFs that garnered attention, Fidelity's FBTC ETF stood out with a substantial inflow of $159 million. This influx pushed the total inflows for Fidelity's FBTC ETF to an impressive $4 billion mark. Another notable performer was BlackRock's IBIT, which absorbed $125 million, bringing its total net inflow to a remarkable $5.7 billion.