Fidelity Sells Bitcoin ETF Holdings: Market Volatility and ETH Inflows

Fidelity Investments has offloaded approximately $246.9 million worth of Bitcoin from its spot exchange-traded fund (ETF), contributing to a wider trend of outflows in the Bitcoin market. This move comes amidst growing market volatility, impacting the price of BTC as investors look for downside protection through options trading. 💰 📈 📉 On the flip side, Ethereum (ETH) has seen inflows into its ecosystem, attracting institutional interest. ETH’s performance has been impressive, surging by over 70% since June, strengthening its position in the market. 🚀 ⬆️