Fidelity’s Bitcoin ETF Dominates with $183M Influx as Wall Street Finally Wakes Up
Wall Street's latecomers are piling into crypto—and Fidelity's cleaning up. The asset manager just vacuumed up $183 million in fresh Bitcoin ETF inflows this week, leaving competitors scrambling. Institutional FOMO is officially here.
Why now? Because your pension fund's CIO finally read the 'What is Blockchain?' PowerPoint slide.
The real shocker? This surge happened while traditional markets were busy reenacting 2008. Bitcoin ETFs now soak up institutional cash like a hedge fund absorbs management fees—efficiently and with minimal value added.
One cynical take: Nothing accelerates financial innovation like watching Goldman Sachs miss the first 300% gains.