Fidelity has led the latest wave of institutional crypto accumulation, purchasing 610 Bitcoin worth approximately $66 million through its Wise Origin Bitcoin Fund (FBTC), according to Lookonchain data.
The FBTC fund now holds 203,509 BTC as of July 7, making it the second-largest Bitcoin ETF by holdings, behind BlackRock’s iShares Bitcoin Trust (IBIT), which continues to dominate with 698,919 BTC. In total, Bitcoin ETFs added 3,199 BTC ($345.7 million) in daily net inflows.
On the Ethereum side, Fidelity’s Ethereum Fund (FETH) saw the largest daily inflow, adding 24,968 ETH worth $63.3 million. That single-day figure accounts for the bulk of the $63.3 million daily net inflow into Ethereum ETFs overall. Weekly ETH ETF inflows now total $218.6 million.
Combined, spot Bitcoin and Ethereum ETFs brought in over $409 million in capital on July 7, highlighting sustained institutional interest in crypto assets.
This surge in activity follows BlackRock’s own aggressive expansion, which saw its iShares Bitcoin Trust accumulate 1,388 BTC worth $164.3 million, and its iShares Ethereum Trust (ETHA) add 20,955 ETH worth $53.2 million, as we reported earlier. BlackRock’s ETHA now holds over 1.8 million ETH, giving the firm control of more than 1.5% of the entire Ethereum supply—all acquired within 12 months.
The continued inflows reinforce the growing role of ETFs in mainstream crypto adoption, with traditional asset managers like Fidelity and BlackRock driving long-term institutional exposure to digital assets.
Source: https://finbold.com/fidelity-just-bought-66-million-worth-of-bitcoin/
