On August 20, Fidelity Wise Origin Bitcoin Fund rose 5.02% in pre-market trading, trading at $62.57/share, with turnover of $1.2641 million.

The rally was driven by a sharp reversal in Bitcoin ETF fund flows. Data shows U.S. spot Bitcoin ETFs recorded a single-day net inflow of $297.56 million, with Fidelity's FBTC capturing $111.9 million of that total, ranking second behind BlackRock's IBIT at $160.23 million. Total industry net inflows reached $2.12 billion, pushing aggregate ETF assets to $77.41 billion.

Supporting the recovery, on-chain data revealed that large holders known as whales accumulated $2.75 billion worth of Bitcoin over 60 days, while spot demand metrics approached positive territory — a historically bullish signal averaging 18% gains within 60 days of turning positive. Institutional 13F filings further confirmed that despite a 14.2% price decline in Q2, institutional Bitcoin ETF holdings rose 7.5% to 535,723 BTC, led by banks and quantitative funds.

Fidelity Wise Origin Bitcoin Fund seeks to track the performance of bitcoin as measured by the Fidelity Bitcoin Reference Rate, adjusted for the Trust's expenses and other liabilities. In seeking to achieve its investment objective, the Trust holds bitcoin and values its shares daily based on the same methodology used to calculate the benchmark index.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)