Bitcoin ETF Inflows Return as Fidelity Boosts Holdings to $20.76B

• Fidelity added $183 million to its Bitcoin ETF, pushing its BTC holdings to $20.76 billion, leading all funds in daily inflows.
• Spot Bitcoin ETFs reversed a prior $342 million outflow with a $407.78 million net inflow on July 2, signaling renewed momentum.
• BlackRock’s IBIT saw no inflow, giving Fidelity a temporary lead in daily Bitcoin acquisitions and market activity.

Spot Bitcoin exchange-traded funds (ETFs) recorded a significant rebound on July 2 as net inflows surged to $407.78 million. This marks a return to positive momentum after the sector experienced a sharp outflow of $342 million on June 30. Unlike previous inflow trends, Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the inflows, adding over $183 million in a single day.

While Fidelity’s fund gained momentum, BlackRock’s iShares Bitcoin Trust (IBIT), which typically leads the sector, reported no inflows for the day. This pause allowed Fidelity to take the lead as the most active institutional buyer of Bitcoin for the day. The shift indicates a potential realignment in fund activity as investor behavior adjusts amid ongoing macroeconomic conditions.

Fidelity’s Holdings Cross $20.7B With New Bitcoin Accumulation

With this latest inflow, Fidelity’s total Bitcoin holdings now stand at $20.76 billion. This accumulation accounts for approximately 1.02 percent of the total Bitcoin supply, highlighting the firm’s expanding footprint in the digital asset market. The new inflow also contributed to a notable increase in FBTC’s market value, which now stands at $8.8 billion.

The inflows indicate an increase in institutional faith in Bitcoin, especially with the currency still enjoying a high base in the region of 100,000, as the prices continue to hold. Bitcoin experienced a slight positive shift in its price, hitting a 0.45% rise within a day, and it is also currently trading at almost near the market price of about $109,935 as of this writing on CoinMarketCap. This indicates sustained resilience despite the financial uncertainties experienced throughout the world.

The market builds up momentum with continued accumulation

In general, the inflows and the increase in the value of funds indicate the restoration of capital in the spot Bitcoin ETFs. The trend is following institutional investors who have been steadily ramping up holdings, with products like Fidelity FBTC getting to the very epicenter of it. Further activity in this area can also potentially influence the trend of the Bitcoin price as the pattern of its accumulation becomes visible.