Fidelity Invests $118.8 Million in Bitcoin: Institutional Buying Fuels Bullish Sentiment

Fidelity Investments has made a significant move, investing $118.8 million in Bitcoin this week. This sizable purchase underscores the growing trend of institutional players entering the crypto market at a time when prices are dipping. As one of the world’s largest asset managers, Fidelity’s action serves as a powerful signal of confidence in Bitcoin’s long-term potential within finance. This significant investment follows ARK Invest’s recent $130.2 million purchase, further bolstering the idea that large investors are buying the dip and anticipating future gains.