Fidelity Bitcoin ETF leads $457M in inflows on Dec 17

Fidelity Bitcoin ETF leads $457M in inflows on Dec 17

Key Takeaways

  • Spot Bitcoin ETFs in the US saw $457 million in net inflows on Wednesday.
  • Fidelity’s FBTC led inflows with $391 million, reaching $12.4 billion in total net assets.

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US spot Bitcoin exchange-traded funds recorded $457 million in net inflows on December 17, according to data from Farside Investors.

Fidelity’s FBTC fund led the inflows with $391 million, bringing its total net assets to $12.4 billion. BlackRock’s IBIT attracted $111 million in inflows during the same period.

In contrast, the Bitcoin funds managed by Bitwise and ARK Invest reported share redemptions.

Bitcoin ETF flows rebounded on Wednesday after $635 million was withdrawn over the previous two days. For the week to date, net outflows stand at approximately $177 million.

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