Fidelity Gains Momentum as Bitcoin ETFs Attract $260M in Two Days
- US spot Bitcoin ETFs attracted $260 million on May 7 and 8.
- BlackRock’s IBIT fund received only one-fourth of its usual inflow.
- Fidelity’s FBTC fund gained over $75 million in two days.
- Bitcoin’s price surged past $100,000 amid easing trade tensions and favorable inflation data.
- Total inflows into spot Bitcoin ETFs reached $5.3 billion over three weeks.
The US spot Bitcoin ETFs saw a combined inflow of $260 million over two days, with Fidelity’s FBTC fund gaining significant ground by attracting over $75 million, while BlackRock’s IBIT experienced reduced inflows. The momentum is supported by Bitcoin’s price surge past $100,000 and positive macroeconomic factors.
Source (2.6)https://coingape.com/bitcoin-etfs-attract-260m-in-two-days-as-fidelity-gains-momentum-over-blackrock/?rand=24432
