Fidelity’s cryptocurrency products experienced contrasting flows on December 28, according to data from Farside Investors. Fidelity’s FBTC product saw a significant net outflow of $208 million, while its FETH product had a net inflow of $27.5 million.
FBTC Sees Substantial Outflow
Fidelity’s FBTC product, which tracks the price of Bitcoin, experienced a net outflow of $208 million on December 28. This significant outflow suggests that investors may be losing confidence in the product or the cryptocurrency market as a whole.
FETH Sees Modest Inflow
In contrast, Fidelity’s FETH product, which tracks the price of Ethereum, saw a net inflow of $27.5 million on the same day. This modest inflow indicates that some investors remain bullish on Ethereum and are investing in the product.
Source
This data was reported by BlockBeats news, citing monitoring by Farside Investors.
Source: M.theblockbeats.info
