On August 21, Fidelity Wise Origin Bitcoin Fund rose 5.12% in pre-market trading, trading at $66.73/share, with turnover of $137,400.

The rally follows a broader Bitcoin surge of approximately 12%, triggered by multiple catalysts. President Trump met with executives from Coinbase, Payward, and Blockchain.com at the White House, urging Congress to pass the CLARITY Act to establish a crypto-friendly regulatory framework. Trump also indicated he would consider recommendations for additional government Bitcoin purchases. Simultaneously, Treasury Secretary Bessent announced at least doubling liquidity buyback operations for 10-to-30-year Treasuries, pushing yields and the dollar lower and creating a favorable macro backdrop for risk assets.

The policy catalysts collided with a crowded short positioning structure, triggering over $8.41 billion in liquidations within 24 hours, with $6.71 billion from short positions alone. On August 19, US spot Bitcoin ETFs recorded $517.19 million in net inflows, the highest single-day figure since May 4. IBIT options volume reached 3.6 times its daily average, while institutional Bitcoin holdings rose 7.5% quarter-over-quarter to approximately 536,000 BTC.

Fidelity Wise Origin Bitcoin Fund seeks to track the performance of bitcoin as measured by the Fidelity Bitcoin Reference Rate, adjusted for the Trust's expenses and other liabilities.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)