Fidelity just bought $66 million worth of Bitcoin

Key Points

1. Fidelity purchased 610 Bitcoin worth approximately $66 million through its Wise Origin Bitcoin Fund (FBTC), bringing its total holdings to 203,509 BTC as of July 7.

2. Fidelity's FBTC is now the second-largest Bitcoin ETF by holdings, behind BlackRock’s iShares Bitcoin Trust (IBIT), which holds 698,919 BTC.

3. Bitcoin ETFs collectively added 3,199 BTC ($345.7 million) in daily net inflows.

4. Fidelity’s Ethereum Fund (FETH) saw the largest daily inflow, adding 24,968 ETH worth $63.3 million, accounting for the bulk of the $63.3 million daily net inflow into Ethereum ETFs.

5. Weekly Ethereum ETF inflows total $218.6 million, while combined spot Bitcoin and Ethereum ETFs brought in over $409 million.

6. BlackRock’s iShares Bitcoin Trust accumulated 1,388 BTC worth $164.3 million, and its iShares Ethereum Trust (ETHA) added 20,955 ETH worth $53.2 million.

7. BlackRock’s ETHA now holds over 1.8 million ETH, representing more than 1.5% of the entire Ethereum supply.