Fidelity has bought around $66 million worth of 610 Bitcoins through the wise Origin Bitcoin Fund (FBTC), leading the latest wave of institutional crypto accumulation. Lookonchain data.
The FBTC fund currently holds 203,509 BTC as of July 7th, making it the second largest Bitcoin ETF after BlackRock's Ishares Bitcoin Trust (IBIT), which continues to be dominated by 698,919 BTC. In total, Bitcoin ETF added 3,199 BTC ($345.7 million) to its daily net inflow.
On the Ethereum side, Fidelity's Ethereum Fund (FETH) saw the largest daily inflow and added 24,968 ETH, worth $63.3 million. That daily figures make up the majority of the net inflow of $63.3 million each day to the Ethereum ETF. The weekly ETH ETF inflow currently totals $228.6 million.
The combined Spot Bitcoin and Ethereum ETF brought in more than $409 million in capital on July 7, highlighting its sustained institutional interest in crypto assets.
This surge in activity follows BlackRock's own aggressive expansion. This led to Ishares Bitcoin Trust having accumulated 1,388 BTC worth $164.3 million, while Ishares Ethereum Trust (ETHA) added 20,955 ETH worth $53.2 million. BlackRock's Etha currently owns more than 1.8 million ETH, with more than 1.5% of the total Ethereum supply confirmed.
The continuous influx has strengthened the growing role of ETFs in mainstream crypto adoption, with traditional asset managers such as Fidelity and BlackRock driving long-term institutional exposure to digital assets.
