Fidelity Fbtc

BTC/USD advanced as risk appetite improved, spot Bitcoin ETF inflows recovered, and crude oil prices eased. Technical traders are watching whether Bitcoin can clear resistance near the upper side of a descending channel or slip back toward last week’s low.

U.S.-listed bitcoin ETFs recorded $221.7 million in net inflows on Thursday, ending a bruising 10-day run of withdrawals. Fidelity’s FBTC led the rebound even as BlackRock’s IBIT posted an outflow.