Update
Fidelity ETF Clients Buy $24.54 Million Worth of Bitcoin
Fidelity's spot Bitcoin ETF clients, through the Fidelity Wise Origin Bitcoin Fund (FBTC), purchased another $24.54 million worth of Bitcoin. This transaction is part of a pattern of mid-sized buys from the fund, which has hit between $23 million and $25 million several times this year. The fund, launched in 2024, holds hundreds of thousands of Bitcoin and has an expense ratio of 0.25%. Fidelity Digital Assets has also noted that perpetual preferred stock funded the purchase of 135,979 BTC through early October, representing about 0.5% of Bitcoin's total supply.