Editor's PiCK
Fidelity Bitcoin and Ethereum Spot ETFs Record Largest Outflows Since Launch
YM Lee
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Summary
- Fidelity's BTC and ETH spot ETFs have recorded the largest outflows in history.
- 'FBTC' saw an outflow of $582.9 million, while 'FETH' experienced an outflow of $147.7 million.
- Fidelity ETFs still record the second-largest cumulative net inflows, following BlackRock.
Fidelity's U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have recorded the largest net outflows in their history.
On the 9th (local time), The Block, a cryptocurrency-focused media outlet, cited Sosovalue data, reporting that the Fidelity Bitcoin ETF 'FBTC' saw an outflow of $582.9 million, while the Ethereum ETF 'FETH' experienced an outflow of $147.7 million as of the 8th.
Despite the record outflows, Fidelity's ETF products still hold the second-largest cumulative net inflows, following BlackRock.
