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Fidelity’s Bitcoin (BTC) Fund Draws $236.7 Million on Nov. 5

The Wise Origin Bitcoin Fund’s daily inflow was more than twice its $103.1 million intake on Oct. 13.

By Enna Lee
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A plain gold token tips a precision balance toward one pan / TokenPost.ai
A plain gold token tips a precision balance toward one pan / TokenPost.ai

Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded $236.7 million in net inflows for the Nov. 5 trading session, more than twice the $103.1 million it drew Oct. 13.

The Oct. 13 rebound in U.S. spot Bitcoin (BTC) fund flows brought $175.7 million in combined net inflows, following $65.4 million in outflows the previous session. FBTC had the largest intake among the funds that day.

FBTC holds Bitcoin directly rather than futures contracts. It charges an annual expense ratio of 0.25%, and Fidelity Digital Assets handles custody.

Investors can access Bitcoin through FBTC shares in a brokerage account without managing wallets or private keys themselves.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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