Fidelity purchases $132.7 million in Bitcoin

Fidelity purchases $132.7 million in Bitcoin

Aggregate spot Bitcoin ETF flows turned net positive for the day, with Fidelity’s inflows driving the recovery.

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Vivian Nguyen
By Vivian Nguyen

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Updated 1:24 p.m. ET

Fidelity, a major US asset manager, saw clients purchase $132.7 million in Bitcoin on Tuesday, demonstrating continued institutional appetite for the leading crypto asset.

The asset manager has enabled Bitcoin exposure in 401(k) retirement plans, allowing clients to incorporate the digital asset into long-term savings strategies.

Alongside peers like BlackRock, Fidelity is strategically acquiring Bitcoin to bolster its portfolio amid fluctuating market conditions. The firm has actively expanded its crypto offerings through spot ETFs and retirement account integrations.

BITCOIN

Fidelity purchases $132.7 million in Bitcoin

Fidelity purchases $132.7 million in Bitcoin

Aggregate spot Bitcoin ETF flows turned net positive for the day, with Fidelity’s inflows driving the recovery.

by Vivian Nguyen | Powered by Gloria

Share

Add as preferred source

Fidelity, a major US asset manager, saw clients purchase $132.7 million in Bitcoin on Tuesday, demonstrating continued institutional appetite for the leading crypto asset.

The asset manager has enabled Bitcoin exposure in 401(k) retirement plans, allowing clients to incorporate the digital asset into long-term savings strategies.

Alongside peers like BlackRock, Fidelity is strategically acquiring Bitcoin to bolster its portfolio amid fluctuating market conditions. The firm has actively expanded its crypto offerings through spot ETFs and retirement account integrations.