Key Takeaways
- • Fidelity's Wise Origin Bitcoin Fund (FBTC) drew $103.1 million on Oct. 13, leading a rebound that lifted U.S. spot Bitcoin ETFs to $175.7 million in net inflows after the prior session's outflows.
- • BlackRock's iShares Bitcoin Trust (IBIT) added $65.9 million on Oct. 13, after posting $65.4 million in net outflows on Oct. 12, while Morgan Stanley's Bitcoin Trust (MSBT) recorded $6.7 million in inflows.
- • FBTC accounted for roughly 94% of the group's daily inflows in one tracking measure reported by publisher sources, though the source figures for the total vary across reports.
- • Publisher research notes that FBTC's Oct. 13 inflow offset only about a quarter of its $380.3 million net outflow over Oct. 5-9, and that one session does not establish a lasting trend.
- • FBTC charges an annual sponsor fee of 0.25% of its Bitcoin holdings and creates or redeems shares in baskets settled in Bitcoin or cash.
Summary
BlackRock's iShares Bitcoin Trust (IBIT) recorded $65.9 million in inflows on Oct. 13 after posting $65.4 million in net outflows on Oct. 12, the only outflow recorded by the group that day. Morgan Stanley's Bitcoin Trust (MSBT) added $6.7 million. Other publisher reports cited a total of $109.8 million in net inflows for the session, with Fidelity accounting for roughly 94% of that figure, illustrating that aggregate totals differ depending on the data provider and methodology.
Context from related coverage indicates that the Oct. 13 inflow only partly reversed recent redemptions. Farside Investors data cited by publisher sources showed FBTC's $380.3 million net outflow over Oct. 5-9, which the $103.1 million inflow offset by just over a quarter.
Daily flows represent the difference between share creations and redemptions. FBTC issues and redeems shares in baskets, with Bitcoin or cash delivered to or distributed by the trust, and charges an annual sponsor fee of 0.25% of its Bitcoin holdings. As the source notes, a single session of inflows does not establish a lasting trend.
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