Asset management giant Fidelity has expanded its crypto ETF holdings, acquiring a combined $438.9 million in Bitcoin, Ethereum, and Solana over the past 20 trading days, according to onchain data from Arkham Intelligence.
The largest portion went into Bitcoin. Fidelity’s spot Bitcoin ETF, FBTC, accumulated approximately $354.1 million worth of BTC. Over the same period, the firm’s Ethereum ETF added roughly $66.6 million in ETH, while its Solana ETF purchased about $18.2 million in SOL.
The buying indicates sustained institutional demand across Fidelity’s crypto ETF lineup, with Bitcoin products seeing the strongest inflows. However, Bitcoin's price has pulled back sharply, retreating from a high near $87,000 to a multi-week low around $81,000, as selling pressure from traders increased.
The reversal has created uncertainty about whether Fidelity and other major Bitcoin funds can maintain their current pace of accumulation in the near term.
