Fidelity Bitcoin ETF Records Largest Capital Outflow to Date
Based on surveillance data from Trader T, on December 27, Fidelity's Bitcoin Exchange-Traded Fund (Bitcoin ETF), code FBTC, witnessed a net outflow of up to 2,208 BTC, equivalent to approximately 208.2 million USD. This is the largest capital outflow in USD terms since the fund's launch.
This event marks a significant milestone and reflects the strong volatility in the cryptocurrency market, where investors may be reassessing their investment strategies ahead of the end-of-year market fluctuations.
