Bitcoin ETFs Add $324.6M As Fidelity Dominates Friday Flows

TL;DR

U.S. spot Bitcoin ETFs recorded $324.6 million in net inflows on September 18. Fidelity’s FBTC accounted for $310.7 million of the total. BlackRock’s IBIT recorded no net flow for the session.

Bitcoin ETF money came back in force on Friday, but almost all of it landed in one place.

U.S. spot Bitcoin ETFs recorded a combined $324.6 million in net inflows on September 18, according to Farside Investors, reversing some of the heavy redemptions seen earlier in the week.

Fidelity’s Wise Origin Bitcoin Fund did most of the lifting.

FBTC took in $310.7 million during the session, accounting for roughly 96% of the group’s net inflow. Bitwise’s BITB added $9.7 million, ARKB brought in $1.9 million and VanEck’s HODL added $2.3 million.

BlackRock’s IBIT, normally one of the largest contributors on strong flow days, finished flat.

Fidelity Took The Whole Session

The concentration is probably the most interesting part of the numbers.

ETF flow headlines often get reduced to one big aggregate figure, but Friday wasn’t a broad wave of institutional buying across every issuer. It was overwhelmingly a Fidelity day.

That matters because the previous sessions had been rough.

The funds recorded a $450.4 million combined outflow on September 15 and another $295.9 million outflow on September 16 before returning to positive territory with $159.5 million on September 17.

Friday extended that rebound.

It doesn’t erase the earlier selling, but it does show buyers were willing to step back in quickly after two particularly weak sessions.

ETF Demand Is Still Moving In Bursts

That stop-start pattern has become one of the defining features of the ETF market.

Large institutional allocations do not arrive smoothly. A few hundred million dollars can leave one day and return through a different issuer two sessions later.

For Bitcoin, that makes the daily flow table useful without making any one row decisive.

Friday’s $324.6 million is meaningful, particularly because FBTC absorbed such a large allocation. But it is still one trading day rather than evidence that every institution has suddenly turned bullish again.

The better read is that ETF demand remains active and capable of snapping back quickly after periods of selling.

And this time, Fidelity was very clearly at the center of it.

Source: Farside Investors — https://farside.co.uk/btc/

This article was written by the News Desk and edited by Samuel Rae.

This report is based on information released by Farside. at Farside