Fidelity's Spot Bitcoin ETF Amassed Over 150,000 BTC in Three Months

A spot Bitcoin ETF from Fidelity Investments has accumulated more than 150,000 BTC. The investment product took three months to achieve this, according to SoSo Value.

The volume of funds under management (AUM) of the Fidelity Wise Origin Bitcoin Fund (FBTC) crypto fund amounted to $10.8 billion. This allowed it to gain a foothold in second position in terms of this indicator among spot Bitcoin ETFs.

The first place remains for the investment product of BlackRock. A crypto fund called iShares Bitcoin Trust (IBIT) shows an AUM of $18.98 billion as of April 8, 2024. Thus, IBIT has accumulated over 269,000 BTC on its balance sheet.

The third position remains with a joint spot Bitcoin ETF from Ark Invest and 21Shares. The volume of funds under management of their crypto fund exceeded the mark of $3.13 billion. Relatively close to it is the investment product of the company Bitwise Asset Management with an indicator of $2.37 billion.

In total, nine US spot Bitcoin ETFs have accumulated over 530,000 BTC in their accounts.

It is worth noting that this list does not include the converted fund from Grayscale Investments. The reason is that assets have been withdrawn from this investment product regularly since its launch. In three months, GBTC lost more than $15.8 billion.

At the same time, the volume of funds under management in the cryptocurrency ETF from Graysale is $22.8 billion.

Earlier, information appeared that the net outflow from spot Bitcoin ETFs per day amounted to almost $224 million. The indicator was due to the withdrawal of $303.34 million from the GBTC fund.