Fidelity’s Bitcoin (BTC) ETF Draws $103.1 Million as U.S. Funds Rebound

Fidelity’s Wise Origin Bitcoin Fund led a rebound in U.S. spot Bitcoin (BTC) fund flows on Oct. 13, helping the group swing to $175.7 million in net inflows after the previous session’s outflows. The fund, known as FBTC, drew $103.1 million. BlackRock’s iShares Bitcoin Trust (IBIT) added $65.9 million, and Morgan Stanley’s Bitcoin Trust (MSBT) recorded $6.7 million in inflows. The group posted $65.4 million in net outflows on Oct. 12, all from IBIT. On Oct. 13, IBIT also recorded an inflow, while FBTC had the largest gain among the funds.