Fidelity clients buy $134M in Bitcoin over two days as institutional appetite returns

Fidelity’s clients scooped up $134 million worth of Bitcoin in just two days, according to on-chain data from Arkham Intelligence. The concentrated buying activity is being read as a signal that institutional demand for Bitcoin is heating up again after a stretch of mixed flows across the spot ETF landscape in 2026. What the numbers tell us A $134 million two-day accumulation is notable not because of its absolute size, but because of its velocity. Fidelity’s client base spans institutional investors, high-net-worth individuals, and retail participants accessing Bitcoin through products like the Fidelity Wise Origin Bitcoin Fund, better known by its ticker FBTC. FBTC launched in January 2024 as part of the first wave of US spot Bitcoin ETFs. Since then, it has established itself as one of the two dominant funds in the category, alongside BlackRock’s iShares Bitcoin Trust (IBIT). ETF flow data throughout 2026 has been choppy, with daily inflows and outflows ranging from tens of millions to hundreds of millions of dollars. Against that backdrop of variability, a $134 million burst concentrated in 48 hours stands out. Fidelity Digital Assets, the firm’s dedicated crypto arm, provides ...