FBTC ETF

Recent USDJPY carry trade sell-off highlighted liquidity risks, but Bitcoin's recovery indicates market overreaction. A repeat of the situation doesn't look likely as it won't come as such a big surprise. Bitcoin is consolidating near its all-time high, showing a bullish cup and handle pattern. A breakout should be setting up into the end of the year.

Spot Bitcoin ETFs have seen impressive inflows and institutional investments since launch, with daily inflows majorly outpacing the total daily produced BTC on the Bitcoin network since the halving. Fidelity's Wise Origin Bitcoin Fund ETF stands out with experience in crypto-focused products, self-custody, low expense ratio, and strong infrastructure for Bitcoin investing. FBTC is emerging as a leader in inflows among spot Bitcoin ETFs, as its low fees, decent liquidity and high on-chain BTC balance attract ample investments into the fund.

Bullish investor sentiment for bitcoin appeared to taper at the midyear point as volatility spiked. Fidelity's digital asset research director dove into the most prominent trends to watch regarding bitcoin at the midyear point.

During LSEG Lipper's fund flows week that ended June 19, 2024, investors were overall net redeemers of fund assets for the first week in three, removing a net $30.0 billion. Taxable bond funds, alternative investments, and tax-exempt bond funds posted net inflows. Conventional equity funds posted a weekly return of positive 0.19%, the third straight week of gains.

As the demand for Bitcoin's limited supply increases, spot Bitcoin ETFs offer opportunities for aspiring millionaires.