Fidelity’s Wise Origin Bitcoin Fund (FBTC) signifies strengthening institutional adoption by surpassing $20 billion in Bitcoin holdings.
The ETF currently holds Bitcoin valued at approximately $20.76 billion, accounting for over 1% of the total Bitcoin supply.
This milestone coincides with a notable rebound in spot Bitcoin ETF activity. On July 2, FBTC alone garnered $183 million in inflows, reversing recent outflow trends and elevating its total market value near $8.8 billion.
The influx extended across the market, with all US spot Bitcoin ETFs collectively recording a net inflow of $407.78 million on the same day. FBTC temporarily exceeded the inflow volume of BlackRock’s IBIT fund.
Bitcoin’s current price stability, reflected in its value near $109,935 observed on July 2, provides a supportive backdrop for these institutional flows.
The substantial recovery in ETF inflows underscores heightened institutional engagement with Bitcoin and reinforces confidence in regulated cryptocurrency investment products.