Fidelity's Bitcoin Fund Attracts Fresh Capital Despite Crypto Volatility

Fidelity's Bitcoin fund has attracted $53.33 million in net inflows on April 10, indicating a cautious return of capital after recent crypto volatility. This influx of money is notable, given the price of Bitcoin has shed around 21.84% over the past three months.

The assets under management for FBTC now stand at $13.55 billion, with this latest move representing about 0.39% of that total. Short-term momentum appears neutral rather than bearish, as per technical analysis.