Bitcoin ETFs attract $129M, led by Fidelity’s FBTC

US-listed spot Bitcoin ETFs recorded net inflows of $129 million on November 25, with Fidelity Wise Origin Bitcoin Fund (FBTC), an exchange-traded product that tracks Bitcoin’s performance and holds the digital asset directly, leading the group.

The positive flows mark a shift back to net inflows for Bitcoin ETFs after experiencing a period of outflows, signaling recovering investor confidence in the investment vehicles.

Fidelity’s Bitcoin fund has emerged as a key driver in recent ETF inflow trends, demonstrating its prominence among similar products in the market. Analysts believe long-term demand for Bitcoin through ETFs remains strong despite short-term fluctuations in capital flows.

Bitcoin spot ETFs allow investors to gain exposure to the world’s largest crypto asset without directly holding it, with custody services provided by established financial institutions like Fidelity’s digital asset services division.