Clients of the Fidelity Wise Origin Bitcoin Fund (FBTC) recently purchased Bitcoin worth $24.54 million. This transaction aligns with a recurring trend of client-driven buys for the fund, which typically range between $23 million and $25 million.
The fund has seen significant activity throughout 2026. On October 22, 2026, it recorded a purchase of $23.08 million, equivalent to 282.63 BTC. Earlier, on October 13, 2026, the fund saw net inflows of $103.06 million, representing nearly the entire net inflow for the US spot Bitcoin ETF sector on that day.
Fidelity launched the FBTC ETF in 2024, following its entry into Bitcoin services in 2014 and the establishment of Fidelity Digital Assets in 2019. The fund currently holds hundreds of thousands of BTC and maintains an expense ratio of 0.25%.
Beyond ETF activity, Fidelity Digital Assets reported that Bitcoin treasury companies have utilized perpetual preferred stock to fund the acquisition of 135,979 BTC as of early October 2026. This amount accounts for approximately 0.5% of the total Bitcoin supply.
