Fidelity's BTC ¹dETF raises $208 million in 1 day

Withdrawals from Grayscale's BTC fund slowed for the fifth day in a row, while Fidelity's bitcoin ETF recorded one of its largest capital inflows since its launch.

Fidelity's spot bitcoin exchange-traded fund (ETF) reportedly managed to collect $208 million in daily deposits on January 29, surpassing withdrawals from the Grayscale Bitcoin Trust for the first time since its launch day.

Increased interest in Bitcoin: An increase in Bitcoin ETF purchasing may indicate a growing general interest in Bitcoin as an investment asset. Investors can see the profit potential in the cryptocurrency market and choose the ETF as a convenient and regulated way to gain exposure to this asset.