Fidelity Expands Bitcoin Holdings with 2,100 BTC Purchase

Highlights:

• Fidelity’s Bitcoin Fund added 2,100 BTC, showcasing institutional interest amid volatility. 
• Following eight days of outflows, FBTC saw a $176 million inflow resurgence.
• Investors withdrew a record $3.3 billion from Bitcoin ETFs last month amid market turmoil.

Fidelity’s Bitcoin ETF (FBTC) increased its holdings by purchasing 2,100 BTC, worth over $178 million on Feb. 28. This acquisition reflects continued institutional interest in Bitcoin, even amid recent market volatility. FBTC’s total holdings reached 198.43K BTC, worth over $16 billion.

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🚨Fidelity Buys 2100 Bitcoin

Support has arrived pic.twitter.com/tMWCTg90vD

— Thomas | heyapollo.com (@thomas_fahrer) March 1, 2025

This move comes after the fund experienced a daily outflow of $7.3 million on Feb. 27. According to Farside’s data, FBTC received $176 million on Feb. 28 after eight days of outflows starting February 18th. FBTC saw $94 million inflow on Feb. 14 before the eight-day outflow streak.

Despite experiencing significant cumulative outflows recently, the Fidelity Wise Origin Bitcoin Fund remained the second-largest fund by inflows. FBTC holds approximately $11.76 billion in cumulative net inflows and over $16 billion in net assets.

FBTC hasn’t added Bitcoin to its fund since February 18. Bitbo’s data shows FBTC added 960.6 BTC on February 17, 545.8 BTC on February 7, and 109.2 BTC on February 5. Additionally, it added 1987 BTC on January 30 and 174.7 BTC on January 29.

In addition to positive flows, Bitcoin’s price also saw a positive reversal on Feb. 28. At the time of writing, Bitcoin was trading at $84,994, up 0.98% in the last 24 hours. These developments follow the White House’s Feb. 28 announcement that Donald Trump will host a crypto summit on March 7. David Sacks, the White House’s AI & Crypto Czar, shared on X that the event will host top crypto founders, CEOs, investors, and members of the President’s Working Group on Digital Assets.

Bitcoin ETFs See Record $3.3B Outflows in February

According to Bloomberg, investors pulled a record $3.3 billion from spot Bitcoin ETFs in February, marking the biggest monthly exodus since their launch. They shifted to safer assets amid rising geopolitical tensions and persistent inflation concerns. This outflow coincided with BTC’s recent 28% decline. Among these funds, FBTC recorded the largest outflow, exceeding $1.4 billion.

Adding to this, Spotonchain, a well-known on-chain crypto transaction tracker, shared February’s crypto market data on its X handle. The report showed Bitcoin had its worst February in nearly ten years, dropping around 17.39% amid widespread market slumps. Similarly, Ethereum (ETH), the top altcoin, dropped by about 31.95%, marking its worst February since joining the crypto market. 

2025 saw the harshest February the crypto market has ever experienced! 📉

• $BTC dropped 🔻17.39%, its worst February in the past decade.

• $ETH plunged 🔻31.95%, marking its worst February on record.

Historically, a negative February has often led to a weak March. Any… pic.twitter.com/0FEDrIYFOw

— Spot On Chain (@spotonchain) March 1, 2025

Author of Rich Dad Poor Dad Slams Bitcoin ETFs

Robert Kiyosaki, author of Rich Dad Poor Dad, criticized Bitcoin ETFs in an X post on March 1. He called them “bankster’s money,” claiming they benefit financial elites instead of true decentralization. Kiyosaki warned of a potential U.S. banking collapse but named Bitcoin and silver as assets that could survive. He said Bitcoin would recover quickly and called silver the best investment, noting it has more growth potential than gold.

Is BITCOIN a SCAM?

It might be….

But not a big a scam as the US Dollar and the US Banking System…. Starting with the Fed.

They are BANKSTERS.

For example…. When they F. U. and lose billions…. The criminals at the Fed bail them out. They should go to jail.

That’s…

— Robert Kiyosaki (@theRealKiyosaki) March 1, 2025

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