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International Business Times
International Business Times
Business
Marvie Basilan

9 Bitcoin ETFs Add Nearly $500M In 1 Day, Fidelity's FBTC Leads 2-Day Rally

Bitcoin FBTC Fidelity ETF BlackRock IBIT Lookonchain
Is Fidelity's FBTC fast-becoming a suitable rival to BlackRock's popular IBIT? (Credit: Marco Verch/flickr)

KEY POINTS

  • FBTC added 3,104 BTC on Thursday, compared to IBIT's 2,186 Bitcoin
  • Fidelity's Bitcoin ETF also added 5,387 BTC on Wednesday, compared to IBIT's 3,894 BTC haul
  • Companies that lodged 13-F filings revealed FBTC is gaining traction among institutional investors

Nine Bitcoin exchange-traded funds (ETFs) added millions worth of BTC on Thursday, and Fidelity Investments' Fidelity Wise Origin Bitcoin Fund (FBTC) led the group, as per on-chain data.

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