On August 20, Fidelity Wise Origin Bitcoin Fund rose 5.03% in after-hours trading, reaching $62.72 per share with turnover of $157 million, as Bitcoin surged past $72,000 to hit its highest level since June 2.

The rally was fueled by a confluence of bullish catalysts. U.S. Bitcoin spot ETFs recorded a combined net inflow of $517.19 million on August 19, the highest single-day figure since May 4, signaling renewed institutional demand. Bitcoin reclaimed the technically significant $70,250 level, marking the boundary of the May-to-June downtrend's lower-high structure.

On the policy front, President Trump met with executives from major crypto firms including Coinbase, Payward, and Blockchain at the White House, reinforcing expectations of a pro-digital-asset regulatory environment. Simultaneously, the SEC proposed a new rule to exempt certain digital asset issuances from securities registration requirements, allowing projects to raise up to $75 million without full registration — the first permanent federal framework of its kind.

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.

(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.)