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Fidelity just bought $66 million worth of Bitcoin

2025-07-08 14:28:06

Fidelity just bought $66 million worth of Bitcoin

Main Idea

Fidelity has significantly increased its Bitcoin and Ethereum holdings through its ETFs, contributing to substantial daily and weekly inflows in cryptocurrency ETFs, while BlackRock continues to dominate the market with its large Bitcoin and Ethereum holdings.

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.

Description

Fidelity has led the latest wave of institutional crypto accumulation, purchasing 610 Bitcoin worth approximately $66 million through its Wise Origin Bitcoin Fund (FBTC), according to Lookonchain data . The FBTC fund now holds 203,509 BTC as of July 7, making it the second-largest Bitcoin ETF by holdings, behind BlackRock’s iShares Bitcoin Trust (IBIT), which continues to dominate with 698,919 BTC. In total, Bitcoin ETFs added 3,199 BTC ($345.7 million) in daily net inflows. On the Ethereum side...

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