#BTC Fidelity FBTC Bitcoin ETF Receives Large Transfers from Flow Traders, Suspected Fund Inflow

Fidelity's FBTC Bitcoin Spot ETF has recently been receiving large transfers from market maker Flow Traders, attracting market attention due to the movement of funds.

3 hours ago, the ETF withdrew 109.492 BTC from Coinbase, with a total value of approximately 10.62 million USD, at an average price of 96,993 USD per coin.

8 hours ago, the FBTC ETF received 196 BTC from Flow Traders, with a total value of approximately 18.96 million USD, at an average price of 96,734 USD per coin.

This continuous inflow of large funds is suspected to be due to demand for ETF product subscriptions, or reflects Fidelity's ongoing optimism about the Bitcoin market and dynamic adjustments in asset allocation. Subsequent fund flows and changes in holdings warrant ongoing attention.