Fidelity’s Bitcoin Hoard Hits $183.7M in a Day – Guess Who’s Raking It In?

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Ah, what a glorious day for the world of Bitcoin! In the grand spectacle of financial antics, it seems the spot Bitcoin ETF is back to its merry ways, basking in the sunshine of daily inflows, having snatched a jaw-dropping $407.78 million net inflow as of July 2nd. Bravo, Bitcoin, bravo! 💸

But wait, here comes Fidelity with its ever-hungry wallet, gobbling up over $183 million in one day, thanks to their Wise Origin Bitcoin Fund (FBTC). Who said only the big guys like BlackRock get to play in the crypto playground? Oh no, no. Fidelity has taken the spotlight with an audacious entrance that’s been all the rage, according to Arkham’s data. 📊

After the wild ride of June 30th, which saw a shocking $342 million outflow, the Bitcoin ETFs have shaken off their blues and returned to their winning ways, with Fidelity leading the charge. Meanwhile, BlackRock’s IBIT fund decided to take the day off with…zero inflows. Uh, awkward? 😬

Fidelity Snares 1.02% of All Bitcoin – Look At Them Go!

With this recent Bitcoin binge, Fidelity has now amassed a staggering $20.76 billion worth of Bitcoin. Let that sink in for a moment. That’s right, folks – $20.76 billion. The institutional demand for Bitcoin? Oh, it’s not just heating up. It’s like a wildfire. 🔥

In a fabulous show of “we’re serious about this”, Fidelity’s FBTC fund has just posted its largest daily surge in what feels like an eternity. It’s a sign – the institutional crowd is all-in. Who knew that Bitcoin would get so fashionable? 💁‍♂️

Now, let’s get technical. Thanks to all this action, Fidelity’s market value is strutting with a proud new number: $8.8 billion. If you were wondering how that happened, well, let’s just say capital inflows are about as trendy as a new iPhone, and Bitcoin’s price has been doing a pretty solid job of holding up since the spot Bitcoin ETF debut last year. 👏

And here’s a fun tidbit for you: Fidelity now controls around 1.02% of all Bitcoin in circulation. That’s right – less than two years of scooping up those sweet, sweet Bitcoins, and they’ve already taken a bite out of the whole pie. Still, BlackRock holds a slightly larger slice with 3.52%, but hey, Fidelity’s just getting started! 🥧

Despite all the ups and downs in the crypto markets, Bitcoin has managed to hang on to a firm position above the $100,000 mark. How? Institutional investors are hoarding like there’s no tomorrow. Oh, and in case you missed it, Bitcoin has posted a modest 0.45% price gain in the last 24 hours. I’m sure it’s nothing, right? 😉

And here’s the cherry on top – as of the latest numbers, Bitcoin is chilling at $109,935. A little dip here, a little rise there, but one thing is clear: the investor confidence is growing faster than a greased pig at a county fair. 🐖

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2025-07-04 00:29