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International Business Times

Business

Nica Osorio

Fidelity's Bitcoin ETF Bucks The Trend With $208 Million Surge Amid GBTC Outflow

Bitcoin GBTC ETF James Seyffart Fidelity Investments United States

A Fidelity Investments store logo is pictured on a building in Boca Raton, Florida March 19, 2016. (Credit: Reuters / Carlo Allegri)

With the competition intensifying for spot Bitcoin exchange-traded funds (ETFs) in the U.S., Fidelity Investments' BTC ETF, known as the Fidelity Wise Origin Bitcoin Fund (FBTC), notched an impressive milestone with a substantial $208 million inflow.

Notably, this inflow effectively counterbalanced the outflows observed in Grayscale Investments' GBTC on the very same trading day.

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