Fidelity, Ark Funds Pull In $343M As Bitcoin ETF Flows Spike
Bitcoin ETFs experienced significant trading activity, with total inflows reaching $667.4 million. Fidelity's Wise Origin Bitcoin Fund (FBTC) gained $188 million, while ARK 21Shares Bitcoin ETF (ARKB) saw inflows of $155 million. BlackRock's iShares Bitcoin Trust (IBIT) led with $305.9 million, raising its total net assets to $66.9 billion, representing 3.2% of Bitcoin's market cap. Bitcoin traded at $105,137, marking a 2.1% increase and its highest weekly close ever. Hedge funds are exploiting the price difference between Bitcoin's spot price and long-dated futures. Year-to-date, IBIT has attracted $8.3 billion, ranking sixth among Wall Street funds. In contrast, gold prices rose over 22% in 2025, while Bitcoin's gains were 12%. Vanguard remains absent from the Bitcoin ETF market, viewing crypto as speculative, but may consider allowing existing ETFs on its platform if Bitcoin prices rise significantly.
