Fidelity's Bitcoin Spot ETF FBTC Reaches $12 Billion in Assets
CryptoNewsTerminal Staff06 Jun, 2024
Fidelity's Bitcoin Spot ETF FBTC Reaches $12 Billion in Assets
Fidelity's Bitcoin spot ETF FBTC has amassed a staggering $12 billion in assets under management (AUM), according to Nate Geraci, President and CEO of ETF Store, an ETF analytics firm as reported by X. This remarkable growth propelled FBTC among the top seven ETFs with the highest net inflows this year. Notably, FBTC is now Fidelity's largest ETF. This latest milestone underscores the growing institutional and investor interest in Bitcoin and the broader cryptocurrency market.
